GE Aerospace (GE) Q3 2026 Financial Results Summary
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GE Aerospace (GE) Q3 2026: Orders Surge, Revenue Growth Continues — Strongly Positive
In the third quarter of 2026, GE Aerospace reported a significant increase in total orders, which reached $19.0 billion, marking a remarkable growth of $6.2 billion or +49% year-over-year. This robust performance reflects strong demand across its commercial services and defense segments.
Key Financial Metrics:
- Total Orders: $19.0 billion, +49% YoY
- Total Revenue (GAAP): $14.1 billion, +16%
- Adjusted Revenue: $13.3 billion, +18%
- Profit (GAAP): $2.8 billion, +12%
- Operating Profit: $3.0 billion, +30%
- Profit Margin (GAAP): 19.9%, (80) bps
- Operating Profit Margin: 22.5%, +220 bps
- Continuing EPS (GAAP): $2.32, +14%
- Adjusted EPS: $2.25, +36%
- Cash from Operating Activities (GAAP): $2.2 billion, (14)%
- Free Cash Flow: $2.0 billion, (14)%
Analyst Opinion:
This quarter's results are strongly positive for shareholders. The substantial increase in orders and revenue, particularly the adjusted revenue growth of +18%, indicates a healthy demand environment and effective operational execution. The operating profit margin improvement of +220 basis points to 22.5% further underscores the company's ability to manage costs effectively while capitalizing on revenue growth. The adjusted EPS growth of +36% is particularly noteworthy, reflecting strong profitability and operational leverage.
Dividend and Guidance Changes:
GE Aerospace has raised its full-year guidance based on year-to-date performance:
- Adjusted Revenue Growth: Now expected to be ~19-20%, up from high-teens.
- Operating Profit: Increased guidance to $10.9 - $11.0 billion.
- Adjusted EPS: Revised to $8.00 - $8.10.
- Free Cash Flow: Expected to be $9.1 - $9.4 billion.
These upward revisions signal management's confidence in sustained demand and operational performance, which should be well-received by investors.
Forward Catalysts:
Investors should closely monitor the upcoming fourth quarter, particularly for updates on the integration of the recently announced acquisition of Consolidated Precision Products (CPP), which aims to expand capacity in mission-critical castings. Additionally, the company’s commitment to invest over $3 billion annually in R&D to advance technologies will be crucial for long-term growth. The anticipated growth in commercial services for 2027, projected at low-double-digits, will also be a key area to watch as it reflects the company's strategic positioning in the aerospace market.
In summary, GE Aerospace's Q3 2026 results demonstrate strong operational performance and a positive outlook, making it an attractive proposition for shareholders looking for growth in the aerospace sector.
Note: The following tables contain amounts in millions.
| Third Quarter 2026 | Third Quarter 2025 | Change (%) | Year-to-Date 2026 | Year-to-Date 2025 | Change (%) | |
|---|---|---|---|---|---|---|
| Revenue (GAAP) | $14,100 | $12,100 | 16 | $42,300 | $35,600 | 19 |
| Adjusted Revenue* | $13,285 | $11,305 | 18 | $37,533 | $30,457 | 23 |
| Profit (GAAP) | $2,800 | $2,500 | 12 | $9,100 | $8,500 | 7 |
| Operating Profit* | $2,988 | $2,299 | 30 | $8,262 | $6,783 | 22 |
| Profit Margin (GAAP) | 19.9% | 20.7% | -0.8 | 21.4% | 23.9% | -2.5 |
| Adjusted EPS* | $2.32 | $2.03 | 14 | $6.37 | $5.61 | 13 |
| Cash from Operating Activities (GAAP) | $2,200 | $2,560 | -14 | $7,700 | $6,689 | 15 |
| Free Cash Flow* | $2,000 | $2,300 | -14 | $8,900 | $7,300 | 22 |
| September 30, 2026 | December 31, 2025 | |
|---|---|---|
| Assets | ||
| Current Assets | ||
| Cash and Cash Equivalents | $8,200 | $8,900 |
| Accounts Receivable | $10,500 | $9,200 |
| Inventories | $6,000 | $5,200 |
| Other Current Assets | $2,200 | $2,100 |
| Total Current Assets | $26,900 | $25,400 |
| Property, Plant & Equipment | $15,000 | $14,200 |
| Other Non-Current Assets | $5,000 | $4,700 |
| Total Assets | $46,900 | $44,300 |
| Liabilities and Shareholders' Equity | ||
| Current Liabilities | ||
| Accounts Payable | $7,400 | $6,500 |
| Short-term Debt | $3,000 | $2,900 |
| Other Current Liabilities | $2,200 | $1,800 |
| Total Current Liabilities | $12,600 | $11,200 |
| Long-term Debt | $12,000 | $11,500 |
| Other Liabilities | $1,500 | $1,200 |
| Total Liabilities | $26,100 | $23,900 |
| Shareholders' Equity | ||
| Common Stock and Additional Paid-in Capital | $18,800 | $18,100 |
| Retained Earnings | $2,000 | $2,300 |
| Total Shareholders' Equity | $20,800 | $20,400 |
| Total Liabilities and Shareholders' Equity | $46,900 | $44,300 |
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