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GE Aerospace (GE)
NYSE:GE
Earnings Data
Report Date
Apr 28, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
1.6Last Year’s EPS
1.49Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum: substantial order, revenue, profit, and cash flow growth in 2025, record LEAP output and aftermarket improvements, sizeable backlog and confident 2026 guidance. However, notable near-term headwinds remain—primarily GE9X program losses, margin mix pressure from higher OEM shipments and a lower spare engine ratio, inventory build to support ramp, and continued supply-chain execution work. Management provided clear actions and investments (MRO expansion, integration of T&O into CES, R&D) to address constraints and sustain growth.Company Guidance
Strong Orders and Backlog Growth
Orders surged 74% in the fourth quarter and 32% for the full year 2025, driving backlog to roughly $190 billion—up nearly $20 billion year over year—providing multi-year revenue visibility.
Revenue and EPS Growth
Company revenue increased 20% in Q4 and 21% for the full year 2025. Q4 EPS rose 19% to $1.57; full-year EPS increased 38% to $6.37, driven by operating profit improvement and a lower tax rate.
Operating Profit and Free Cash Flow Improvement
Operating profit grew materially (Rahul reported operating profit up 25% to $9.1 billion for the year), and free cash flow increased 15% in Q4 to $1.8 billion and grew 24% for the year to $7.7 billion, with cash conversion above 100% (over 110% for the year).
Commercial Engine & Services Momentum (CES)
CES orders grew ~35% for the year and CES revenue rose ~24% (services revenue up ~26%). CES profit grew ~26% to $8.9 billion, with internal shop visit revenue up ~24% and LEAP internal shop visit volume up 27%—LEAP deliveries were a record, exceeding 1,800 units (LEAP up ~28%).
Aftermarket Operational Improvements and MRO Investment
Turnaround times improved over 10% year over year in Q4 across LEAP, CFM56 and GE90 (CFM56 turnaround improved 20% at Wales; Selma sustained <80 days). GE is dedicating roughly $500 million of MRO investment to LEAP (of >$1B MRO investment) and expanding capacity globally to roughly double LEAP internal capacity.
Defense Performance
Defense deliveries increased 30% for the year, DPT profit rose (Larry: up 22% to $1.3 billion; Rahul: improved DPT results with backlog up nearly $3 billion to ~$21 billion) and defense book-to-bill remained healthy (above 1.5 overall; >2 in the quarter).
Technology & R&D Milestones
GE reported continued technology progress: completed a ground test campaign for a hybrid-electric narrow-body architecture, NX fleet leader durability improvements (HBT blade surpassing 4,000 cycles), and nearly $3 billion in annual R&D supporting durability and time-on-wing improvements (e.g., LEAP 1A durability kit shipped ~1,500 kits since certification).
Confident 2026 Outlook
Management provided 2026 guidance: company revenue expected up low double digits, operating profit $9.85B–$10.25B (up ~$1B at midpoint), EPS $7.10–$7.40 (up ~15% at midpoint), and free cash flow $8.0B–$8.4B with conversion well above 100%—also reiterated multi-year targets including mid-teens CAGR (2024–2026) and reaching ~$10B profit in 2026.
GE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 22, 2026 | $318.50 | $295.00 | -7.38% |
Oct 21, 2025 | $302.33 | $306.28 | +1.31% |
Jul 17, 2025 | $265.55 | $259.66 | -2.22% |
Apr 22, 2025 | $177.67 | $188.46 | +6.07% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does GE Aerospace (GE) report earnings?
GE Aerospace (GE) is schdueled to report earning on Apr 28, 2026, Before Open (Confirmed).
What is GE Aerospace (GE) earnings time?
GE Aerospace (GE) earnings time is at Apr 28, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GE EPS forecast?
GE EPS forecast for the fiscal quarter 2026 (Q1) is 1.6.
