GE HealthCare Technologies Inc. (GEHC) Earnings Call Transcripts

GE HealthCare Technologies Inc.'s Latest Earnings Call - September 9, 2026

In the Q2 2026 earnings call for GE HealthCare Technologies Inc. (GEHC:US), management reported an impressive 11% order growth and a book-to-bill ratio of 1.15, driven primarily by service contracts and a growing backlog. Revenue guidance for the second half of the year was raised, with management expressing confidence in a stronger Q3 and Q4 due to hospital budget cycles and a commitment rate of 80% for upcoming revenue. The company also anticipates a 250 basis point increase in margins year-over-year in the second half, bolstered by new product introductions and productivity initiatives.

Reported metrics

Guidance from management

Management raised revenue guidance for the second half of 2026, anticipating a stronger Q3 and Q4 based on hospital budget cycles and backlog management.

What management said

Yes. Yes. So I think -- look, obviously, we did see strong growth, I mean, on our core contrast media product, right, where as we see it out in the market, right, the supply is just about keeping up with demand so that from our perspective, that continues to be strong for us. Our radiopharmaceuticals continues to do well and is ramping as we would like. And then I think as we look out into the rest of the year, again...

Not at this point in time. I mean, obviously, we're doing better than that. We'll update when we update. But obviously, it's good to see that it's outperforming what we said it would do.

What analysts pressed on

Analysts expressed concerns about the health of hospital budgets due to policy changes, particularly regarding the 340B program. There were also questions about the stability of the Chinese market and the impact of supply chain issues on future growth.

Main topics on the call

• Strong Order Growth — GE HealthCare reported an 11% order growth in Q2, with a book-to-bill ratio of 1.15. Management noted, 'the markets are strong' and attributed the growth to a backlog that has reached 2.1%.
• Margin Improvement — Management expects a 250 basis point lift in margins in the second half of 2026, driven by new product introductions and productivity initiatives. George Newcomb stated, 'we've got price, we've got PDx, which continues t...
• Visibility into Future Revenue — Management indicated strong visibility into Q4, with 80% of revenue already committed. Peter Arduini mentioned, 'we feel quite good about what that looks like.'
• Concerns Over Hospital Budgets — Despite concerns regarding hospital capital budgets due to policy changes, management reported no significant pullback in spending. Arduini noted, 'we're not seeing that translate into -- I'm not going to spend capital.'

Read the full GE HealthCare Technologies Inc. transcript (September 9, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 43 GE HealthCare Technologies Inc. earnings call transcripts on record, spanning January 10, 2023 to September 9, 2026. Based on this history, GE HealthCare Technologies Inc. reports quarterly. The most recent call on file is dated September 9, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

GEHC

Exchange

NasdaqGS

Country

US

Sector

Health Care

Industry

Health Care Equipment and Supplies

Calls on record

43

First call

January 10, 2023

Most recent

September 9, 2026

Reporting cadence

quarterly