GE HealthCare Technologies Inc. (GEHC) Presents at Wells Fargo 21st Annual Healthcare Conference Transcript

SA Transcripts 162.13K Followers Follow GE HealthCare Technologies Inc. ( GEHC ) Wells Fargo 21st Annual Healthcare Conference September 9, 2026 10:15 AM EDT Company Participants Peter Arduini - President, CEO & Director George Newcomb - Interim CFO, Controller & Chief Accounting Officer Conference Call Participants Larry Biegelsen - Wells Fargo Securities, LLC, Research Division Presentation Larry Biegelsen Wells Fargo Securities, LLC, Research Division I'm Larry Biegelsen, the medical device analyst at Wells Fargo, and it's my pleasure to host this fireside chat with the management team from GE HealthCare. With us, we have Pete Arduini, President and CEO; and George Newcomb, the Interim CFO. Also in attendance is Carolynne Borders, Head of Investor Relations. Pete and George, thanks so much for being here. Peter Arduini President, CEO & Director Thanks for having us, Larry. Question-and-Answer Session Larry Biegelsen Wells Fargo Securities, LLC, Research Division So let's start with the strong Q2 results. Pete, 11% order growth, book-to-bill of 1.15. It looks like one of your competitors, Siemens, also saw a strong Q2 on those metrics. So what drove the strength in Q2? I know you said 3/4 of it came from service contracts. And how should we think about order growth in the second half of the year? Peter Arduini President, CEO & Director Yes. Look, Larry, I think Q2 was obviously a strong quarter, to your point, over 11% growth. I want to clarify something, though, is that, that was all equipment and orders coming through. The backlog that grew to $2.1 billion. The vast majority of that still doesn't come through orders. The way we recognize service is we will capture a large contract. It will go into the backlog. And then as it's consumed, portions of that will come through. So I mean, again, big backlog build and 11% orders growth in the quarter. So it was quite good.