GE Aerospace (GE) Q3 2026: Orders Surge, Revenue Growth Continues — Strongly Positive: Slides 2.9% at Open — Post-Earnings Analysis

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.

Quarterly Earnings — Revenue vs. Estimate

Revenue vs. Estimate — 5 Quarters

EPS vs. Estimate — 5 Quarters

Analyst Ratings & Price Targets

Wall Street analysts have shown mixed sentiment toward GE Aerospace (GE) in recent months, with one downgrade offset by several bullish initiations. Melius Research downgraded GE from Buy to Hold on September 14, 2026, setting a $350 price target, while Seaport Research Partners initiated coverage with a Buy rating and a $375 target on May 27, 2026. Wells Fargo and Morgan Stanley initiated with Overweight ratings, targeting $325 and $425, respectively, reflecting confidence in upside potential. Daiwa Securities was more cautious, assigning a Neutral rating and $301 target. Citigroup’s December 2025 initiation at Buy with a $386 target further supports optimism. The consensus price target of approximately $360 suggests modest upside from GE’s current trading levels, though dispersion in targets highlights varying conviction among analysts. Recent activity indicates a balance between bullish and neutral outlooks, with downgrades remaining isolated.

Technical Analysis — 90-Day Price Chart

GE Aerospace (GE) is trading at $299.33, below its key moving averages—SMA20 ($311.30), SMA50 ($327.53), and SMA200 ($328.12)—signaling a persistent downtrend, with no bullish crossovers in sight. The RSI(14) at 35.3 remains neutral, edging toward oversold territory but lacking momentum for a reversal. Volume at 1.70M shares is well below the 20-day average of 3.96M, suggesting weak participation in the current downtrend. The stock is near the lower end of its 52-week range ($294.22–$388.25), with the $294 level acting as critical support; a breach could intensify selling pressure. Resistance levels are now established at the SMA20 and SMA50, reinforcing the bearish technical structure. A sustained move below the 200-day SMA confirms broader weakness.