US Stock Results Tracking Series — GE HealthCare 26Q2 Results Key Points: Orders Hit Record High, AIS and PDx Drive Growth, PCS Still Drags on Margin

English summary

26Q2 revenue was $5.295 billion, up 5.7% YoY, with organic growth of 3.5%; organic orders grew 11.1% YoY, book-to-bill reached 1.15x, and ending backlog was $23.9 billion, all record highs. Adjusted EBIT was $750 million, up 2.9% YoY, with adjusted EBIT margin of 14.2%, down 0.4pct YoY; net profit attributable to shareholders was $561 million, up 15.4% YoY, adjusted EPS was $1.13, up 6.6% YoY, and free cash flow was $68 million. 26H1 revenue was $10.425 billion, up 6.6% YoY, with organic growth of 3.2%. Q2 profit improvement was partly affected by tariff rebates; PCS decline and rises in memory chip, oil price, and freight costs still pressured margins. Revenue breakdown: The company merged Imaging and AVS into Advanced Imaging Solutions (AIS), and currently reports under three segments: AIS, PDx, and PCS. In 26Q2…