GE Aerospace raises 2026 outlook again after strong third quarter

what happened

Jet engine maker GE Aerospace raised its full-year outlook after reporting higher profit and revenue for the third quarter, according to Dow Jones Newswires. Profit from continuing operations reached $2.41 billion, or $2.32 a share, versus $2.17 billion, or $2.04 a share, a year earlier. Excluding one-time items, earnings were $2.25 a share, compared with the $2.01 that analysts polled by FactSet had expected.

Revenue rose 16% to $14.12 billion, well above the $12.88 billion Wall Street models had projected. Sales in the commercial engines and services segment jumped 21%, while defense and propulsion technologies grew 6.7%. Orders climbed 49%. Chief Executive Larry Culp said: "We are raising our 2026 guidance across the board."

Adjusted earnings per share for 2026 are now expected at $8 to $8.10. Dow Jones gives the previous range as $7.65 to $7.85, while Sharecast puts the old upper bound at $7.95. Sharecast also reports that operating profit guidance was lifted to $10.9 billion to $11 billion and free cash flow guidance to $9.1 billion to $9.4 billion.

why it matters

For markets, this signals steady demand for jet engines and aftermarket services, which gives the company a predictable revenue stream. Shares were up 0.6% in premarket trading. For investors in the aerospace sector, the results suggest that servicing the aircraft fleet remains a key driver of growth.

market impact

Industrials and aviation: strong engine demand supports GE Aerospace and component suppliers.

tags

instruments