Companies /Industrials

General Electric Company

NYSE: GE Aerospace & Defense
$323.66
▼ $0.49 (−0.15%) today
Markets closed · 6:11am ET

Q2 2026 Earnings

Reported Jul 16, 2026, 6:32am ET · SEC source
$2.02
Beat +8.81%
EPS · est. $1.86
$13.3B
Beat +12.45%
Revenue · est. $11.9B
+3.9%
Beating market
GE vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−6%−3%0Jul 16Jul 17report 6:32am ETearnings−1.0%−2.6%
−6%−3%0Jul 16Jul 17earnings−1.0%−2.6%
GE −2.6%S&P 500 −1.0%
−6%−3%0Jul 16Jul 17report 6:32am ETearnings−2.1%−2.6%
−6%−3%0Jul 16Jul 17earnings−2.1%−2.6%
GE −2.6%NASDAQ −2.1%
−2%0+2%+4%Jul 15Jul 24report 6:32am ETearnings−1.7%+1.6%
−2%0+2%+4%Jul 15Jul 24earnings−1.7%+1.6%
GE +1.6%S&P 500 −1.7%
−3%0+3%Jul 15Jul 24report 6:32am ETearnings−2.8%+1.6%
−3%0+3%Jul 15Jul 24earnings−2.8%+1.6%
GE +1.6%NASDAQ −2.8%
−4.06%
Day of report
+0.90%
Next session
+0.95%
One week
+6.86%
30 days

S&P 500 over the same 30 days: +2.92%.

Did GE Beat Earnings? Q2 2026 Results

GE Aerospace delivered a standout second quarter for 2026, posting adjusted EPS of $2.02 and beating the $1.86 consensus estimate by 8.81%, marking the fifth consecutive quarter the company has topped Wall Street's earnings expectations. Revenue of $13.35 billion climbed 21.1% year over year and came in 12.45% ahead of the $11.87 billion consensus, with the Commercial Engines & Services segment serving as the primary catalyst, generating $9.73 billion in revenue, up 27%, as both equipment shipments and services demand accelerated sharply. LEAP engine deliveries rose 24% in the quarter, a figure that aligns with the broader commercial aerospace recovery reflected across the sector, as engine spares demand and record OEM backlogs continue to underpin growth. Free cash flow reached $3.03 billion, up 43%, underscoring the operational momentum. Management responded by raising full-year 2026 guidance across every key metric, now targeting adjusted EPS of $7.65 to $7.85 and free cash flow of $8.90 to $9.20 billion, up from prior ranges on both measures.

Key Takeaways
  • Robust commercial services growth with services revenue up 26% in CES
  • Record internal shop visit output in the quarter
  • Total engine deliveries up 31% in first half, LEAP deliveries up 41%
  • Increased material input from priority suppliers double-digits sequentially and year-over-year
  • Equipment revenue grew 30% driven by unit volume up 26% including LEAP up 24%
  • Propulsion & Additive Technologies revenue up 23% driven by Avio Aero
  • Spare parts revenue up over 25%

“GE Aerospace delivered a strong second quarter with revenue and EPS both up more than 20% driven by robust commercial services growth. FLIGHT DECK continues to fuel significant operational improvements across services and equipment with record internal shop visit output in the quarter and 31% growth in total engine deliveries in the first half.”

GE Aerospace CEO, on the earnings call

Forward Guidance & Outlook

GE Aerospace raised full-year 2026 guidance across the board. Adjusted revenue growth is now expected at high-teens (up from low double digits prior). Operating profit is expected at $10.55-$10.75 billion (up from $9.85-$10.25 billion). Adjusted EPS is expected at $7.65-$7.85 (up from $7.10-$7.40). Free cash flow is expected at $8.9-$9.2 billion (up from $8.0-$8.4 billion) with FCF conversion greater than 100%. CES now expects revenue growth of ~20% (up from mid-teens), with services revenue growth in the low 20s and equipment revenue growth of ~20%, and operating profit of $10.25-$10.35 billion (up from $9.6-$9.9 billion). DPT now expects low double-digit revenue growth (up from mid-to-high single digits) and operating profit of $1.6-$1.7 billion (up from $1.55-$1.65 billion).

GE YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$4.0B$8.0B$12.0B$11.0B$13.3BRevenue$2.1B$2.8BOperating Income$2.0B$2.4BNet Income
$0$4.0B$8.0B$12.0BRevenueOperating IncomeNet Income

GE Revenue by Segment

Commercial Engines & Services$9.7B+27.0%
Defense & Propulsion Technologies$3.4B+16.0%

Figures from SEC filings and company reports. Not investment advice.