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
-4.3%
TRAILING MARKET
GE -5.4% 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).
GE YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
GE Revenue by Segment
With YoY comparisons, source: SEC Filings
“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
GE Earnings Trends
GE vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
GE EPS Trend
Earnings per share: estimate vs actual
GE Revenue Trend
Quarterly revenue: estimate vs actual
GE Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $1.86 | $2.02 | +8.81% | $13.35B | +12.45% |
| Q1 26 BEAT | $1.60 | $1.86 | +16.25% | $12.39B | +15.66% |
| Q4 25 BEAT FY | $1.43 | $1.57 | +9.79% | $12.72B | +48.76% |
| FY Full Year | $6.24 | $6.37 | +2.16% | $45.86B | +9.90% |
| Q3 25 BEAT | $1.47 | $1.66 | +12.93% | $12.18B | +17.04% |
| Q2 25 BEAT | $1.43 | $1.66 | +16.08% | $11.02B | +15.97% |
| Q1 25 BEAT | $1.27 | $1.49 | +17.32% | $9.94B | +9.81% |