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GE Aerospace

GE Aerospace (GE) Q2 2026 Earnings

Reported Jul 16, 2026 at 6:32 AM ET · SEC Source

Q2 26 EPS

$2.02

BEAT +8.81%

Est. $1.86

Q2 26 Revenue

$13.35B

BEAT +12.45%

Est. $11.87B

vs S&P Since Q2 26

-4.6%

TRAILING MARKET

GE -5.6% vs S&P -1.1%

Market Reaction

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 $… Read more 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 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).

24/7 Wall St

GE YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

24/7 Wall St

GE Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q2 26

“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.”

— H. Lawrence Culp, Jr., Q2 2026 Earnings Press Release

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