GE HealthCare lowers profit outlook amid rising costs
The medical equipment maker cut its annual profit forecast to between $4.80 and $5 per share. High costs for chips and freight impacted first-quarter results.
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GE HEALTHCARE TECHNOLOGY cut its 2026 profit forecast to $4.80–$5.00 per share, sending shares down 9% during early morning trading on Wednesday. The revision follows a first-quarter earnings miss of $0.99 per share against the $1.05 LSEG consensus estimate. Rising input costs for chips and freight are squeezing margins despite a 7.4% increase in total quarterly revenue to $5.13 billion.
