GE Aerospace earnings
GE Aerospace's next results are expected on October 20, 2026. GE Aerospace watchers should watch whether stronger output becomes durable cash.
What has GE Aerospace guided for 2026?
Management guides for 2026 operating profit of US$10,550–10,750 million and adjusted EPS of US$7.65–7.85. It guides to company free cash flow of US$8,900–9,200 million, with about half of the increase attributed to earnings and half to working capital.
| the period guided | low | high | the date it was given | |
|---|---|---|---|---|
| Adjusted Revenue* Growth | Year to Dec 2026 | Jul 16, 2026 | ||
| Operating Profit* | Year to Dec 2026 | 10,550 | 10,750 | Jul 16, 2026 |
| Adjusted EPS* | Year to Dec 2026 | 7.65 | 7.85 | Jul 16, 2026 |
| Free Cash Flow* | Year to Dec 2026 | 8,900 | 9,200 | Jul 16, 2026 |
| FCF* conversion | Year to Dec 2026 | 100.0% | Jul 16, 2026 |
How have GE Aerospace revenue and profit changed?
Revenue, operating income, net income and diluted EPS all increased from the prior-year quarter. Commercial Engines & Services drove the expansion: its revenue grew 27%, with services up 26%. Equipment grew 30%.
The mix mattered. CES profit increased 20%, but its margin fell from 28.9% to 27.3%. GE attributed the pressure to installation-engine growth, including GE9X, as well as investment and inflation. A factory can therefore deliver more engines and earn more total profit while making less profit on each dollar of revenue. Those engines may still create a valuable service fleet later.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 13,349 | 12,392 | 12,717 | 12,181 | 11,023 | 9,935 | 10,812 | 9,842 |
| Operating income | 2,527 | 2,268 | 2,307 | 2,257 | 2,052 | 1,952 | 2,005 | 916 |
| Net income | 2,408 | 1,930 | 2,452 | 2,174 | 2,008 | 1,967 | 1,905 | 1,705 |
| EPS, diluted | 2.30 | 1.83 | 2.31 | 2.04 | 1.87 | 1.83 | 1.75 | 1.56 |
What should GE Aerospace watchers look for next?
The next evidence will show whether GE’s stronger output is becoming durable cash. The October 20, 2026 earnings report should show whether record shop production continued and whether new-engine deliveries still pressured margins. The January 21, 2027 full-year release should establish whether GE met its profit and cash outlook.
GE’s plan therefore depends on four things arriving together: more shop capacity, profitable service work, a workable CPP financing plan, and no major surprise from its legacy obligations.