GE Aerospace kupuje Consolidated Precision Products za 11,75 mld. USD, aby rozšířila svou výrobu klíčových komponentů pro letecké motory. Dokončení transakce se očekává ve druhém pololetí 2027 po schválení regulačními orgány.
Americký výrobce leteckých motorů GE Aerospace oznámil akvizici Consolidated Precision Products (CPP) od Warburg Pincus a Berkshire Partners za 11,75 mld. USD. GE Aerospace je zákazníkem CPP již více než 15 let. Dokončení transakce se očekává ve druhém pololetí roku 2027 a podléhá schválení regulatorními orgány.
Podle generálního ředitele GE Aerospace H. L. Culpa Jr. jsou investice do výrobních kapacit potřebné pro to, aby společnost dokázala uspokojit současnou silnou poptávku v oblasti motorů pro komerční letectví i v oblasti obranného průmyslu.
Podle prohlášení společnosti bude akvizice financována částkou 7 mld. USD v hotovosti, přičemž zbývající část pokryje nový dluh. Transakce oceňuje CPP přibližně na 18násobek EBITDA očekávaného v roce 2027 po započtení předpokládaných čistých synergií. Bez jejich započtení odpovídá ocenění přibližně 26násobku EBITDA.
Vývoj akcie Akcie General Electric Aerospace (GE) v předburzovní fázi obchodování posilují o 0,43 % na 338,56 USD.
GE Appliances investuje 1 miliardu USD do závodu v Louisville a udělá z Appliance Parku největší americký závod na výrobu domácích spotřebičů. Součástí je transformace Building 5 na vysoce výkonnou výrobu sušiček a přesun výroby sušiček z Mexika do Kentucky.
GE Appliances is redesigning its manufacturing footprint bringing high-output dryer production to Louisville, Kentucky.
LOUISVILLE, Ky.--(BUSINESS WIRE)--GE Appliances, a Haier company, and the IUE-CWA are announcing a major transformation of Appliance Park with a $1 billion investment by the company to expand high-output production of laundry products and reinforce its long-term commitment to manufacturing in Kentucky and the U.S. With new and expanded production across Buildings 1, 2 and 5, the investment will establish Appliance Park as America’s largest home appliance manufacturing site, reflecting its scale across production output, employment and campus footprint.
As part of the plans, GE Appliances will:
Invest more than $400 million to transform Building 5 into a high-output manufacturing operation for dryers, bringing production from Mexico to Kentucky. Invest approximately $112 million in Building 1 to add new equipment and redesign existing washer and dryer platforms. Continue its previously announced $490 million investment in Building 2 to produce frontload washers and Combo washer/dryers that begin production in 2027. "Investment in American manufacturing is critical to our economy and our communities," said IUE-CWA President Carl Kennebrew. "Our Union members are proud to manufacture American-made GE appliances in Louisville, and this new investment will ensure that our members keep delivering these high-quality products to American consumers for years to come."
“We’re making major investments to continue modernizing Appliance Park and bring more production to our global headquarters in Louisville,” said Kevin Nolan, president and CEO of GE Appliances. “Bringing our laundry and dishwasher manufacturing together gives us a real competitive advantage, with new synergies across our cleaning products and closer connections between the people who design, engineer, and build them. That combination allows us to move faster, accelerate innovation and continue strengthening our industry-leading U.S. manufacturing business.”
The plans are designed to position Appliance Park for long-term growth by concentrating investment in high-output dryer production that can be produced competitively in the United States. Together, the $1 billion investments in new products and modernized facilities will help secure the 4,700 production jobs at Appliance Park once the new facility is fully implemented.
To prepare Building 5 for its new manufacturing mission, refrigeration production would conclude in Louisville in early 2027 and new dryer production would begin in late 2027.
GE Appliances will keep employees on payroll throughout the transition, with no layoffs associated with the retooling of Building 5. An approximately 9- to 12-month transformation is expected before dryer production begins. Employees will have opportunities to move into new and expanded manufacturing roles as production ramps up across Appliance Park in 2027. The transformation builds on GE Appliances' continued investment in Appliance Park and reinforces Louisville's role as the company's global headquarters and the largest appliance manufacturing site in the United States. As America’s Most Invested Appliance Company, GE Appliances has committed an industry-leading $6.5 billion to U.S. manufacturing since 2016, which includes more than $3.5 billion already invested in its U.S. operations and another $3 billion announced in 2025 for the next five years.
GE Appliances will continue making millions of refrigerators in the United States each year at our Decatur, Alabama plant, the largest refrigeration manufacturing operation in the U.S., and in Selmer, Tennessee.
About GE Appliances, a Haier company
At GE Appliances, a Haier company, we come together to make good things, for life. Headquartered in Louisville, Kentucky, we are a leading U.S. manufacturer of home appliances with 15,500 team members nationwide. Our products can be found in half of all U.S. homes, and we’re proud to be rated America’s #1 Appliance Company.¹ We manufacture and sell products under the Monogram™, Café™, GE Profile™, GE®, Haier™ and Hotpoint™ brands. Our operations support 98,000 additional American jobs, and as America’s Most Invested Appliance Company, we’ve committed an industry-leading $6.5 billion to U.S. manufacturing since 2016 alone. We are deeply committed to the communities where we live and work, passionate about getting closer to our product users to understand their needs and driven by the belief that there’s always a better way.
To learn more about our company, brands, career opportunities and impact, visit geappliancesco.com or connect with us on LinkedIn.
Digital Assets: An infographic outlining GE Appliances’ manufacturing footprint in Kentucky and across the U.S., photos and b-roll footage related to this announcement are available for download and use here.
GE Aerospace ve 2. čtvrtletí zvýšila tržby segmentu Commercial Engines & Services o 27 % na 9,73 miliardy USD a objednávky o 18 % na 12,93 miliardy USD. Firma v roce 2026 očekává asi 20% růst upravených tržeb tohoto segmentu.
Key Takeaways GE Aerospace's Commercial Engines & Services revenues rose 27% year over year to $9.73 billion.GE saw segment orders rise 18% to $12.93 billion as LEAP deliveries increased 24% in the quarter.GE expects adjusted Commercial Engines & Services revenues to grow about 20% in 2026. GE Aerospace (GE - Free Report) is experiencing persistent strength in its Commercial Engines & Services segment. The company continues to experience strong orders for LEAP, GEnx & GE9X engines and services, supported by growth in air traffic, fleet renewal and expansion activities.
In the first half of 2026, the company secured several major engine orders and service agreements. GE Aerospace secured GEnx engine orders from United Airlines and Delta Air Lines for their Boeing 787 Dreamliners, while CFM International (the 50/50 joint venture between GE and Safran Aircraft Engines) extended its partnership with American Airlines for LEAP engine deliveries. CFM International also entered into a Memorandum of Understanding with IndiGo for delivery of more than 1,000 LEAP-1A engines.
GE Aerospace clinched an order from Jet2 plc to supply CFM LEAP-1A engines for the latter’s Airbus A321neo aircraft. The company also secured an order from Copa Airlines for up to 120 LEAP-1B engines to power the airline's expanding Boeing 737 MAX fleet. GE further signed a long-term materials agreement to support Ryanair's fleet of approximately 2,000 CFM56 and LEAP engines.
Driven by strength across its business, revenues from the Commercial Engines & Services segment increased 27% year over year to $9.73 billion in second-quarter 2026. Equipment revenues in the segment advanced 30%, supported by unit volume growth of 26%, including a 24% increase in LEAP deliveries. Total orders in the segment rose 18% year over year to $12.93 billion. For 2026, adjusted revenues from the Commercial Engines & Services segment are expected to grow about 20%.
GE's Peers in the Aerospace MarketAmong its major peers, Howmet Aerospace Inc. (HWM - Free Report) is benefiting from persistent strength in the commercial aerospace market. Revenues from Howmet’s commercial aerospace market increased 28% year over year in the second quarter of 2026, constituting 53% of its business. Also, in 2025, revenues from the market increased 12% year over year.
RTX Corporation (RTX - Free Report) is also witnessing solid momentum in the commercial aerospace market, with growth in aftermarket and OEM verticals. RTX reported 16% organic sales growth in the second quarter, driven by solid momentum in the Collins Aerospace and Pratt & Whitney segments. Rising aircraft utilization and demand for sustainable technologies bode well for RTX Corp.’s growth.
GE's Price Performance, Valuation and EstimatesShares of GE Aerospace have gained 4.2% in the past three months against the industry’s 0.7% decline.
Image Source: Zacks Investment Research
From a valuation standpoint, GE is trading at a forward price-to-earnings ratio of 38.40X, above the industry’s average of 31.21X. GE Aerospace carries a Value Score of D.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for GE’s 2026 earnings has gone up 5.1% over the past 60 days.
Image Source: Zacks Investment Research
The company currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
GE Aerospace v první polovině roku 2026 odkoupila akcie za 4,2 miliardy USD a vyplatila dividendy ve výši 873 milionů USD. Zároveň zvýšila dividendu o 30,6 % na 36 centů na akcii a zvedla výhled volného peněžního toku na 8,9–9,2 miliardy USD.
Key Takeaways GE Aerospace repurchased $4.2 billion of shares and paid $873 million in dividends in first-half 2026.GE Aerospace raised its dividend 30.6% to 36 cents per share and has a $20 billion buyback authorization.GE Aerospace expects 2026 free cash flow of $8.9-$9.2 billion, up from its prior $8.0-$8.4 billion view. GE Aerospace (GE - Free Report) is a leading designer, developer and producer of jet engines, components and integrated systems for military, commercial and business aircraft. Its products and services range from jet engines like LEAP, GE9X & GEnx, airframes, engine gear, and transmission components and services, among others.
The company’s commitment to reward its shareholders through dividends and share buybacks is encouraging. In the first half of 2026, it bought back shares for $4.2 billion and paid dividends of $873 million, up 26.9% year over year, to its shareholders. In addition, in 2025, it rewarded its shareholders with a dividend payment of $1.45 billion and repurchased shares for $7.55 billion. Following the first quarter of 2026, share repurchases are being made under the new $20 billion authorization approved in December 2025.
GE Aerospace raised its dividend by 30.6% to 36 cents per share in February 2026. It expects to generate a free cash flow of $8.9-$9.2 billion in 2026, much higher than $8.0-$8.4 billion guided previously. Also, the company previously announced its plans to boost total shareholder returns by 20% to approximately $24 billion from 2024 to 2026, through a mix of dividends and share repurchases.
The company’s strong liquidity also supports its shareholder-friendly policies. Exiting the second quarter, GE’s cash, cash equivalents and restricted cash were $9.3 billion, much higher than the short-term borrowings of $2 billion. This implies that the company has sufficient cash to meet its short-term debt obligations.
Do GE’s Peers Focus on Returning Capital to Shareholders?3M Company (MMM - Free Report) rewarded its shareholders with dividend payouts of $0.8 billion and $3 billion in buybacks in the first six months of 2026. Exiting the second quarter of 2026, 3M had approximately $1.8 billion remaining under the share repurchase program. Also, in February 2026, 3M hiked its quarterly dividend by 6.8%.
Howmet Aerospace (HWM - Free Report) remains focused on rewarding its shareholders handsomely through dividends and share buyback programs. In the first six months of 2026, Howmet paid dividends of $97 million, and in July 2026, it hiked its dividend by 17% to 14 cents per share (annually: 56 cents). On a year-to-date basis through July, HWM repurchased shares worth $800 million. As of Aug. 6, 2026, Howmet’s total share repurchase authorization available was $697 million.
GE's Price Performance, Valuation and EstimatesShares of GE Aerospace have gained 3% in the past six months against the industry’s decline of 10%.
Image Source: Zacks Investment Research
From a valuation standpoint, GE is trading at a forward price-to-earnings ratio of 40.15X, above the industry’s average of 33.51X. GE Aerospace carries a Value Score of D.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for GE’s earnings has increased for both 2026 and 2027 over the past 60 days.
Image Source: Zacks Investment Research
The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
GE Aerospace letos přidala 19,9 % a těží ze silné poptávky po motorech i servisu. Ve 2. čtvrtletí tržby segmentu Commercial Engines & Services vzrostly o 27 %.
Key Takeaways GE Aerospace shares gained 19.9% YTD, outpacing the S&P 500 and aerospace-defense industry.Commercial Engines & Services revenues jumped 27% as engine deliveries climbed 26% in Q2.GE Aerospace faces rising costs, $19.2B in borrowings and a 43.08X forward P/E valuation. GE Aerospace’s (GE - Free Report) investors have been witnessing some short-term gains from the stock of late. Shares of the leading manufacturer of jet engines have gained 19.9% in the year-to-date period, outpacing the S&P 500 composite’s and the industry’s growth of 13.3% and 6.9%, respectively. Other industry players, like Howmet Aerospace Inc. (HWM - Free Report) and Textron Inc. (TXT - Free Report) , have returned 41% and 0.5%, respectively, over the said time frame.
GE Outperforms the Industry & S&P 500
Image Source: Zacks Investment Research
Closing at $369.43 yesterday, the stock is trading below its 52-week high of $388.84 but significantly higher than its 52-week low of $263.80. The stock is trading above both its 50-day and 200-day moving averages, indicating solid upward momentum and price stability. This reflects a positive market sentiment and confidence in the company's financial health and long-term prospects.
GE Shares’ 50-Day and 200-Day SMA
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Factors Favoring the CompanyGE Aerospace is benefiting from a growing installed base and higher utilization of engine platforms, driven by strong momentum and growth across commercial & defense sectors. Solid demand for LEAP, GEnx & GE9X engines and services, supported by growth in air traffic, fleet renewal and expansion activities, is proving beneficial for the Commercial Engines & Services segment.
In the second quarter of 2026, GE Aerospace’s engine deliveries within this segment surged 26% from the prior-year quarter, indicating better throughput as it works through customer demand. The Commercial Engines & Services segment’s revenues and orders jumped 27% and 18%, respectively, on a year-over-year basis in the second quarter.
In the first six months of 2026, the company secured several major engine orders and service agreements. Among major awards, GE secured GEnx engine orders from United Airlines and Delta Air Lines for their Boeing 787 Dreamliners. It also secured LEAP engine orders from American Airlines and Copa Airlines for their narrowbody fleet.
Growing popularity for the company’s propulsion & additive technologies, critical aircraft systems and aftermarket services in the defense sector is driving the Defense & Propulsion Technologies segment’s performance. In the second quarter, revenues from GE’s Defense & Systems were up 12% on growth in both services and equipment, including unit deliveries rising 7%. Propulsion & Additive Technologies revenues grew 23%, led by Avio Aero.
In the first half of the year, it received a contract from Turkish Aerospace Industries (“TAI”) to continue integrating its F404 engine into Türkiye's Hurjet jet trainer. The company also clinched a $1.4 billion deal for T408 engines to support the U.S. Marine Corps’ CH-53K helicopter fleet in the same period.
GE remains committed to rewarding its shareholders through dividends and share buybacks. In the first six months of 2026, GE paid dividends of $873 million and repurchased shares worth $4.2 billion. Also, the company raised its dividend by 30.6% to 36 cents per share in February 2026.
Near-Term Headwinds PrevailGE Aerospace has also been dealing with the adverse impacts of high costs and operating expenses. In second-quarter 2026, its cost of sales (comprising costs of equipment and services sold) surged 26.7% year over year to $8.7 billion. While selling, general and administrative expenses increased 10.9% to $1.1 billion, research and development expenses rose 28.1% to $460 million. In the quarter, the company’s operating profit margin contracted 130 basis points to 21.7%.
The rising debt level remains another concern. Exiting the second quarter, GE’s total borrowings were $19.2 billion. The figure comprised $2 billion of short-term borrowings and $17.2 billion of long-term borrowings.
Valuation Remains an OverhangGE Aerospace is trading at a forward 12-month price-to-earnings (P/E) ratio of 43.08X, higher than the industry average of 34.48X. This elevated valuation could make the stock vulnerable to further pullbacks if market sentiment sours.
Image Source: Zacks Investment Research
While its peer, Textron, is trading cheaper compared with GE, Howmet Aerospace is trading at a premium. Notably, Textron and Howmet Aerospace are currently trading at 12.50X and 49.81X, respectively.
Earnings Estimate RevisionThe Zacks Consensus Estimate for GE’s 2026 earnings has increased 5.1% to $7.86 per share over the past 60 days, indicating year-over-year growth of 23.4%. The consensus mark for 2027 earnings increased 3.7% to $8.99 per share, indicating a year-over-year increase of 14.4%.
Image Source: Zacks Investment Research
Final Take on GEPersistent strength in the commercial and defense aerospace markets, driven by solid build rates and a robust defense budget, bode well for GE Aerospace in the quarters ahead. However, rising operating expenses, high debt levels and premium valuation are limiting this Zacks Rank #3 (Hold) company’s near-term prospects.
While current shareholders should hold their positions, new investors should wait for the stock to retract some of its recent gains and provide a better entry point. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
GE Aerospace ve 2. čtvrtletí zvýšila tržby o 21,1 % na 13,349 miliardy USD a upravený EPS činil 2,02 USD, nad odhadem. Firma zároveň zvedla celoroční výhled EPS i volného cash flow.
At $369.43, GE Aerospace (NYSE:GE | GE Price Prediction) looks fully valued, even as Wall Street consensus stays firmly bullish on the aviation giant. The stock has hit a wall of premium multiples and supply-side execution risk, arguing for patience over fresh buying.
GE Aerospace is a pure-play jet engine business dominating the commercial narrow-body market through its CFM joint venture, with roughly 50,000 commercial and 30,000 military engines installed. That footprint drives a services annuity that produced $3 billion of free cash flow in the June quarter. Shares are up 38.63% over the past year and 498.99% across five years, a rerating that has taken the multiple from cyclical to structural.
Why the Bull Camp Is Not Backing Down
The operational story is flawless. GE printed five consecutive EPS beats, with Q2 2026 adjusted EPS of $2.02 against a $1.8565 consensus and revenue of $13.349 billion, up 21.1% year over year. Management raised full-year guidance to $7.65 to $7.85 EPS and $8.9 to $9.2 billion in free cash flow.
Backlog sits above $210 billion, the LEAP-1B durability kit is certified with a projected two-fold improvement in time-on-wing, and CEO Larry Culp said “demand could evolve from here, but it’s been far more resilient than maybe many of us would have expected.” That is why 86% of covering analysts carry a bullish rating.
Why the Multiple Is Doing the Heavy Lifting
At the current price, GE trades at roughly 43x trailing earnings and 47x to 48x forward guidance, leaving little room for operational hiccups. The bear case starts with the supply chain. Spare parts delinquencies rose 20% sequentially in Q2, MRO capacity is “really oversubscribed”, and Culp framed it plainly: “It’s much more supply side challenge than it is demand.”
Margins are compressing where growth is loudest. CES margins fell 160 basis points to 27.3% in Q2 on installed engine mix and GE9X investment. CFO Rahul Ghai warned that GE9X losses peak by 2028. Insider activity leans the same direction, with senior VPs Mohamed Ali and Riccardo Procacci selling into strength near $347 to $353.
Why Patience Beats Conviction Here
The case for patience is straightforward. Fundamentals are excellent, but the stock is priced for that excellence. The internal fair-value model pegs GE at $397.06, only 7.48% above spot, and the base-case one-year scenario returns the same figure. Shares sit just 4% below the 52-week high of $388.84, and margin expansion is not expected to reaccelerate until 2028.
The Data Behind the Verdict
GE trades at $369.43 against a Wall Street consensus target of $404.90, implying roughly 9.6% upside. Twenty-two analysts cover the name: 3 Strong Buy, 16 Buy, 1 Hold, 0 Sell, and 2 Strong Sell. Analyst targets are one data point among many, especially when the model’s fair value already sits below consensus.
The trailing P/E is 43 with a forward multiple of 47, a PEG of 5.41, and price-to-sales at 7.55. Year to date, GE is up 20.26% versus the S&P 500’s 13.14%, and its one-year gain of 38.63% nearly doubles the index’s 20.09%.
Why Waiting Is the Right Call at $369
At $369.43, GE Aerospace looks fairly valued. The bull thesis and current price already align. Buying today requires believing the LEAP ramp accelerates through supply constraints, that GE9X losses shrink faster than Ghai’s 2028 guide, and that a 47x forward multiple holds while margins compress. That is a lot to underwrite in one trade.
The sell case has its own problems. Backlog visibility of $210 billion, over 95% of Q3 spare parts revenue already booked, and a raised free cash flow floor of $8.9 billion put a real bid under the stock on any pullback. Shorting a company beating and raising every quarter is a low-percentage trade.
The upgrade trigger is a pullback into the low $300s or evidence that CES margins have stopped compressing. The downgrade trigger is a supply chain miss forcing a guidance cut, or LEAP durability retrofits slipping past early 2027. Watch shop visit turnaround times, spare parts delinquencies, and the GE9X margin trajectory quarter by quarter.
GE Aerospace is a great business at a demanding price. For current holders, the setup favors patience over adding at these levels while waiting for a better entry.
Contact [email protected] for any questions or corrections.
GE Aerospace ve 2. čtvrtletí zvýšila tržby divize Defense & Propulsion Technologies o 16 % meziročně, provozní zisk vzrostl o 18 % na 475 milionů USD. Firma čeká pro rok 2026 růst tržeb této divize v nízkých dvouciferných číslech.
Key Takeaways GE Aerospace's Defense & Propulsion revenues rose 16% in Q2 after growing 19% in the first quarter.GE secured key defense contracts while segment orders climbed 12% and operating profit rose 18%.GE expects Defense & Propulsion revenues to grow in the low-double-digit range in 2026. GE Aerospace (GE - Free Report) is witnessing strong momentum in its Defense & Propulsion Technologies segment. After experiencing growth of 19% in first-quarter 2026, revenues from the segment increased 16% year over year in the second quarter. The surge in revenues was driven by the growing popularity of GE’s propulsion & additive technologies, critical aircraft systems and aftermarket services in the defense sector.
Some of the notable contracts secured by the company include a contract from Turkish Aerospace Industries to continue integrating its F404 engine into Türkiye's Hurjet jet trainer. It also clinched a deal from Boeing Defence UK for the extension of support services for T700-GE-T701D engines. GE will be responsible for providing logistics management, repair, maintenance and technical support services for these turboshaft engines. Apart from this, it entered into a multi-year partnership with Palantir Technologies Inc. (PLTR) to improve the fleet management and operational readiness of the U.S. Air Force’s military aircraft.
The strong pipeline of projects boosted the Defense & Propulsion Technologies segment’s orders, which increased 12% in the second quarter on a year-over-year basis. The segment’s operating profit grew 18% to $475 million.
Backed by favorable geopolitical developments and consistent government support, the company’s Defense & Propulsion Technologies segment is well-placed for growth in the quarters ahead. For 2026, GE expects revenues from the Defense & Propulsion Technologies segment to increase in the low-double-digit range.
GE's Peers in the Defense MarketHowmet Aerospace Inc. (HWM - Free Report) is benefiting from strong momentum in its defense aerospace market. After experiencing growth of 10% in first-quarter 2026, revenues from the defense aerospace market increased 11% year over year in the second quarter. The surge in revenues was driven by the solid demand for engine spares, particularly related to the F-35 program, and an increase in orders for legacy fighter jet spares.
Northrop Grumman’s (NOC - Free Report) defense market is playing an important role in driving its overall growth. In second-quarter 2026, revenues from Northrop’s Defense Systems segment climbed 5.1% year over year to $2.09 billion. This improvement was driven by the continued ramp-up of the Sentinel program, as well as the higher volume of tactical solid rocket motor programs and the Integrated Battle Command System portfolio.
GE's Price Performance, Valuation and EstimatesShares of GE Aerospace have gained 25.3% in the past three months compared with the industry’s 11.2% growth.
Image Source: Zacks Investment Research
From a valuation standpoint, GE is trading at a forward price-to-earnings ratio of 42.68X, above the industry’s average of 34.39X. GE Aerospace carries a Value Score of D.
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The Zacks Consensus Estimate for GE’s 2026 and 2027 earnings has increased over the past 60 days.
Image Source: Zacks Investment Research
The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Tržby divize Commercial Engines & Services společnosti GE Aerospace ve 2. čtvrtletí 2026 meziročně vzrostly o 27 % na 9,73 miliardy USD. Firma očekává, že letos segment přidá asi 20 %.
Key Takeaways Commercial Engines & Services revenues rose 27% to $9.73 billion in the second quarter of 2026.Services grew 26%, spare parts topped 25% growth and equipment revenues advanced 30%.Major LEAP, GEnx and GE9X orders support an expected 20% segment revenue gain in 2026. The strongest driver of GE Aerospace’s (GE - Free Report) business at the moment is the Commercial Engines & Services segment. In the second quarter of 2026, revenues from the Commercial Engines & Services segment increased 27% year over year to $9.73 billion.
The gain was driven by services growth of 26%, with internal shop visit revenues up 25%. Spare parts revenues increased more than 25%, reflecting robust aftermarket demand. Equipment revenues in the segment advanced 30%, supported by unit volume growth of 26%, including a 24% increase in LEAP deliveries. Total orders in the segment rose 18% year over year to $12.93 billion.
A growing installed base and higher utilization of engine platforms, particularly in the commercial aerospace sector, have set the stage for the company’s long-term growth. GE continues to experience strong orders for LEAP, GEnx & GE9X engines and services, supported by growth in air traffic, fleet renewal and expansion activities.
In the first half of 2026, the company secured several major engine orders and service agreements. GE recently clinched an order from Jet2 plc to supply CFM LEAP-1A engines for the latter’s Airbus A321neo aircraft. It secured an order from Copa Airlines for up to 120 LEAP-1B engines to power the airline's expanding Boeing 737 MAX fleet.
It also entered into a long-term materials agreement to support Ryanair’s fleet of about 2,000 CFM56 and LEAP engines. It also secured orders for GEnx engines from United Airlines and Delta Air Lines for their Boeing 787 Dreamliners.
With commercial aircraft programs expected to continue benefiting from the strength in air travel, GE is poised to maintain strong demand momentum in the quarters ahead. For 2026, adjusted revenues from the Commercial Engines & Services segment are expected to experience growth of about 20%.
GE's Peers in the Aerospace MarketAmong its major peers, RTX Corporation (RTX - Free Report) is benefiting from strength in the commercial aerospace market, with growth in both aftermarket and OEM verticals. RTX reported 16% organic sales growth in the second quarter, driven by solid momentum in the Collins Aerospace and Pratt & Whitney segments. Rising aircraft utilization and demand for sustainable technologies are supporting RTX Corp.’s growth.
Another peer, Textron Inc.’s (TXT - Free Report) Aviation business unit is benefiting from improving commercial air passenger traffic. Strong commercial aircraft demand and aftermarket activity contributed to Textron Aviation unit’s revenue growth of 1% in the second quarter. Thanks to growing air travel, Textron has also been witnessing strong order activity, which resulted in a backlog of $8 billion (as of July 4, 2026) for the Aviation segment.
GE's Price Performance, Valuation and EstimatesShares of GE Aerospace have gained 23.4% in the past three months compared with the industry’s growth of 8.6%.
Image Source: Zacks Investment Research
From a valuation standpoint, GE is trading at a forward price-to-earnings ratio of 44.20X, above the industry’s average of 34.03X. GE Aerospace carries a Value Score of D.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for GE’s 2026 earnings has gone up 5.1% over the past 60 days.
Image Source: Zacks Investment Research
The company currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
National Airlines si objednala jeden motor GE90-110B a šest motorů CF6-80C2 pro své nákladní letouny Boeing 777F/747F. Společnost už provozuje 30 motorů CF6 a osm GE90 od GE Aerospace.
, /PRNewswire/ -- GE Aerospace (NYSE: GE) announced today that National Airlines has committed to purchase one GE90-110B and six CF6-80C2 engines to power their Boeing 777F/747F cargo airplanes.
National Airlines has extensive experience with GE Aerospace, already owning thirty CF6 engines and eight GE90 engines
National Airlines B777-200F
National Airlines B747-400F Mohamed Ali, President & CEO, GE Aerospace Commercial Engines & Services, said, "We're thrilled that National Airlines continues to invest in our engines after recently purchasing eight GE90 engines. These additional engines will help National meet growing cargo demand and demonstrates their continued confidence in these aircraft-engine combinations."
The GE90 engine family powers all Boeing 777 models and is the exclusive powerplant on the 777-300ER, -200LR, and Freighter. The GE90 engine features several technology firsts, including carbon fiber composite front fan blades, the world's largest front fan at 128 inches in diameter and the world-record setting thrust of 127,900 pounds during certification testing.
National Airlines Chairman Chris Alf said, "Reliability, performance, and consistency are the foundation of successful air cargo operations, which is why National Airlines has built its freighter fleet around GE Aerospace engine technology. The addition of these CF6 and GE90 engines further strengthens our operational capability, ensuring we have the flexibility, capacity, and long-term resilience needed to support our customers' evolving requirements for years ahead."
GE Aerospace's CF6 turbofan engines collectively power nearly 70% of the world's widebody airplanes dedicated to hauling cargo. Since first entering service more than 50 years ago, the CF6 engine's technology has advanced, earning a reputation for dependability and durability which translates to an ever-ready fleet, on-time arrivals, and lower maintenance costs for customers.
About GE Aerospace
GE Aerospace is a global aerospace propulsion, services, and systems leader with an installed base of approximately 49,000 commercial and 29,000 military aircraft engines. With a global team of approximately 53,000 employees building on more than a century of innovation and learning, GE Aerospace is committed to inventing the future of flight, lifting people up, and bringing them home safely. Learn more about how GE Aerospace and its partners are defining flight for today, tomorrow and the future at www.geaerospace.com.
About National Airlines
Established in 1991, National Air Cargo, Inc. provides premium global end-to-end logistics, freight forwarding, and charter airline services. National Airlines, the airline division of the company, is a U.S. FAA-certificated Part 121 air carrier operating a fleet of nine Boeing 747-400 freighters, four Boeing 777-200 freighters, and three passenger aircraft, including the Airbus A330-300 and A330-200.
The company provides on-demand commercial cargo and passenger charter services to more than 450 airports worldwide. From humanitarian relief missions to time-critical shipments, National Airlines delivers customized air cargo charter solutions for customers across the defense, e-commerce, automotive, energy, high-tech, fashion, pharmaceutical, oil and gas, and space technology sectors.
With offices and operational hubs in Buffalo, Orlando, Houston, Chicago, Frankfurt, Madrid Amsterdam, Dubai, Bengaluru, Kuala Lumpur, Tokyo, Shanghai, Hong Kong, and Taipei, National manages seamless global operations anytime, anywhere, always.
GE Aerospace uvedla, že její testovací letoun přeletěl Atlantik na částečný hybridně-elektrický pohon. Firma zároveň zvýšila celoroční výhled a uvedla backlog ve výši 210 miliard USD.
GE Aerospace CEO Larry Culp used a Farnborough Air Show appearance on CNBC this morning to spotlight its advanced technology and strong second-quarter results. GE Aerospace (NYSE:GE | GE Price Prediction) said its testbed aircraft flew across the Atlantic under partial hybrid electric power to reach the show, then delivered a Q2 report that put commercial services growth, engine deliveries, and aftermarket spare parts all on the same steep trajectory.
Culp framed the flight as a technology proof point. “We had the first ever high altitude hybrid electric flight crossing the Atlantic to bring that plane here. This is a first of its kind. And as you might imagine, we’re terribly excited,” he said, describing the SAAB A340 testbed program run in collaboration with Boeing (NYSE:BA), Beta Technologies, and NASA. He was careful to set realistic expectations: “Hybrid electric is a key part of that. So nothing imminent in terms of a product launch. But this is a strong proof point that hybrid electric will be part of that next generation commercial offering.“
The Numbers Behind the Headline GE Aerospace saw revenues increase 21% in the quarter, and earnings per share were up 22% year over year. Total engine deliveries were up 31% in the first half of the year, and aftermarket spare parts revenues were up over 30% in the same window. Commercial Engines & Services were up 27% to $9.73 billion, and Defense & Propulsion Technologies were up 16% to $3.44 billion. Free cash flow reached $3.03 billion.
Management lifted full-year 2026 guidance to adjusted EPS of $7.65 to $7.85, operating profit of $10.55 to $10.75 billion, and free cash flow of $8.90 to $9.20 billion.
A $210 Billion Order Book The demand signal driving those numbers is a backlog Culp put at $210 billion between new engines and aftermarket services. “Customers that we talk to are very keen to see us continue to ramp in partnership with our airframe partners,” he said. That ramp is tied directly to Boeing, whose 737 program is running at 42 per month and 787 program at 8 per month, with a Boeing commercial backlog of $695 billion. LEAP engines power the 737 MAX, and GEnx powers the 787.
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Q2 also brought LEAP engine deliveries up 24%, with recent commercial wins including a Copa Airlines agreement for up to 120 LEAP-1B engines and a Turkish Aerospace agreement for F404 engines on the HÜRJET trainer.
Durability Kits and Time on Wing Culp also updated investors on the LEAP durability kit rollout, a fix aimed at improving time on wing in hot and harsh operating environments. “Our narrowbody engine, our LEAP engine, saw a durability kit introduced last year on the Airbus version of that engine. We’ve got 40% of the fleet retrofitted already performing very well,” he said. GE has previously said the LEAP-1B durability kit is now certified, targeting roughly a 2x improvement in time on wing, with full cutover expected at the beginning of 2027.
What to Watch GE shares opened at $348.83 on Monday, July 20, up 13.55% year to date and up 34.7% over one year, against a Wall Street analyst target price of $397.86. Boeing sits at $214.03, down 1.42% year to date, a divergence that captures which side of the airframe-engine partnership has been executing at scale.
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FARNBOROUGH, England, July 20, 2026 (GLOBE NEWSWIRE) --
Hybrid electric system enabled aircraft to reach more than 30,000 feetFirst public demonstration takes place at Farnborough International Airshow FARNBOROUGH, England – July 20, 2026 – GE Aerospace (NYSE: GE) announced today at the Farnborough International Airshow an industry first to advance the future of flight, demonstrating the viability of more electric aircraft engine systems for aviation.
In collaboration with NASA, BETA Technologies, Inc. (NYSE: BETA) (“BETA”) and Boeing, GE Aerospace conducted the first hybrid electric flight above 30,000 feet, reaching the same altitude levels of passenger commercial aircraft. During tests, the team’s single longest flight in hybrid electric operation was more than two hours.
The record-breaking test campaign was enabled by GE Aerospace’s fully integrated megawatt-class and multi-kilovolt hybrid electric propulsion system developed through the NASA Electrified Powertrain Flight Demonstration (EPFD) project.
H. Lawrence Culp, Jr., Chairman and CEO, GE Aerospace, said, “The aviation industry’s first high-altitude hybrid electric flight is one for the history books. GE Aerospace is grateful to NASA, BETA Technologies and Boeing for their collaborative partnership to accelerate hybrid electric technology to meet customer needs for greater efficiency, durability and range.”
The right side of the EPFD aircraft, a Saab 340B, was modified for flight tests with a hybrid electric system that fits inside an inverted nacelle, providing extra ventilation. The system includes GE Aerospace-developed motor/generators, power converters and inverters, controllers, Avio Aero* gearboxes, Dowty* propellers, Unison* heat exchangers, torque sensing, and engine harnesses, and a CT7 engine. BAE Systems provided the batteries used and Boeing subsidiary Aurora Flight Sciences supplied the complete nacelle.
Pilots from GE Aerospace and BETA Technologies supported flight tests in the U.S., where the historic milestone was achieved. BETA Technologies served as the systems integrator and BETA pilots ferried the aircraft to the UK for the airshow, operating in hybrid electric mode during each leg of the journey.
Kyle Clark, Founder and CEO of BETA, said, “This hybrid electric system improved the high-altitude performance and climb capability while creating a flying laboratory to inform all future hybrid designs. The GE Aerospace team brought rigorous design, test and operational expertise. The ground and safe flight test campaigns, capped by a flight across the North Atlantic, is the first of many important milestones for hybrid electric technology.”
Public demonstration flights are planned as part of daily Farnborough flying displays. Airshow attendees can also see the aircraft on static display before the afternoon flight schedules.
Graham Drozeski, CTO of Aurora Flight Sciences, a Boeing company, said: “This team delivered multiple first-of-a-kind advancements to successfully integrate a high-voltage electrified propulsion system into an aircraft operating at commercial altitudes. Together, we’ve taken a significant step forward in hybrid-electric technology.
Hybrid Electric Benefits
A hybrid electric engine system combines an electric powertrain with a traditional gas turbine to optimize power management during different phases of operation. Hybrid electric systems are highly compatible with different fuel types and advanced aircraft engine architectures like Open Fan.
As electric vehicles become more common on the ground, there are many unique challenges for more electric skies. Engineering and test teams addressed heat management, lower atmospheric pressures and power density using flightworthy components that meet higher safety and reliability requirements than typical test hardware. During flight tests, the electric powertrain helped successfully power the propeller and generated power to the battery.
Mohamed Ali, President and CEO, GE Aerospace Commercial Engines & Services, said, “Hybrid electric technologies are durable and efficient. By flying a hybrid electric engine system at altitudes never achieved before, we’re proving to our customers and to the industry the advanced capabilities we can bring to next-generation aircraft with ready technologies.”
Hybrid Electric Experience
GE Aerospace was first awarded the NASA EPFD contract in 2021 to demonstrate flight readiness of hybrid electric technologies for single-aisle aircraft.
Several key milestones have been achieved over the last decade for hybrid electric technology development:
2016: An electric motor-driven propeller ground test;2022: The world’s first test of a megawatt-class and multi-kilovolt hybrid electric propulsion system in altitude conditions up to 45,000 feet at the NASA Electric Aircraft Testbed facility that simulated single-aisle commercial flight;2025: A strategic partnership and equity investment announced with BETA Technologies to accelerate hybrid electric aviation included plans to co-develop a hybrid electric turbogenerator for Advanced Air Mobility (AAM) and other applications.2025: Successfully demonstrating a narrowbody hybrid electric configuration with power transfer and injection in a modified high-bypass turbofan engine – no energy storage required – through the NASA HyTEC project; and2026: Ground tests of the megawatt-class hybrid electric propulsion system developed through NASA’s EPFD program, paving the way for flight tests announced today. CFM RISE Program Testing
GE Aerospace has leveraged several NASA projects to mature technologies for more electric aircraft engines through the CFM International RISE** program. Unveiled in 2021, the RISE program is one of the aviation industry’s most comprehensive technology demonstrators with approximately 500 test campaigns and more than 3,000 endurance cycles completed to date, including tests on Open Fan, compact core, hybrid electric systems and other technologies. The RISE program prioritizes safety, durability and efficiency, targeting more than 20% better fuel burn compared to commercial engines in service today.
* Avio Aero, Dowty and Unison are GE Aerospace companies.
** Revolutionary Innovation for Sustainable Engines (RISE) is a technology demonstration program of CFM International, a 50-50 joint company between GE Aerospace and Safran Aircraft Engines. It is not a product offered for commercial sale.
###
About GE Aerospace
GE Aerospace is a global aerospace propulsion, services, and systems leader with an installed base of approximately 50,000 commercial and 30,000 military aircraft engines. With a global team of approximately 57,000 employees building on more than a century of innovation and learning, GE Aerospace is committed to inventing the future of flight, lifting people up, and bringing them home safely. Learn more about how GE Aerospace and its partners are defining flight for today, tomorrow, and the future at www.geaerospace.com.
GE Aerospace po rekordním čtvrtletí uvedla, že problémem není poptávka, ale kapacita výroby a servisu. Firma zvýšila výhled a má backlog komerčních služeb zhruba 170 miliard USD.
In fact, despite one of the company’s strongest quarters in recent memory, Culp insisted there would be “no victory laps.”
The comment wasn’t about managing expectations. It reflected a broader shift in GE Aerospace’s investment story. For years, investors worried whether commercial aviation demand would fully recover after the pandemic. Now, management says the bigger challenge is keeping up with it.
Demand Isn’t The Problem AnymoreThe clearest evidence came during the question-and-answer session, when Culp described the company’s outlook beyond 2026.
“It’s much more a supply side challenge than it is demand,” Culp said, adding that “there are no victory laps here in Evendale today” as the company prepares for another year of growth.
That theme surfaced repeatedly throughout the call.
Culp said customer behavior has remained resilient despite macro uncertainty, pointing to robust service orders, declining parked aircraft and an oversubscribed maintenance network as signs that airlines continue investing in engine maintenance and fleet availability. He added that demand has been “far more resilient than maybe many of us would have expected.”
Mohamed Ali, president and CEO of Commercial Engines & Services, delivered perhaps the simplest summary of management’s view. “We do not have a demand problem,” Ali said.
Instead, executives repeatedly pointed to supply chain capacity, manufacturing throughput and maintenance output as the factors that will determine how much of that demand GE Aerospace can ultimately convert into revenue.
The Next Growth Story Is ExecutionThat helps explain why Culp spent as much time discussing Flight Deck, supplier collaboration and factory productivity as he did the quarter’s financial results.
The company highlighted AI-enabled process improvements that cut demand-signal processing time by nearly 90%, production initiatives that reduced lead times for critical engine components, and supplier Kaizens that improved inspection times by 90%.
Those efforts are aimed at solving what management increasingly sees as its primary bottleneck: delivering enough engines, spare parts and shop visits to satisfy an industry where demand continues to outpace available capacity.
The strategy appears to be working. GE Aerospace ended the quarter with a commercial services backlog of roughly $170 billion, while CFO Rahul Ghai said more than 95% of third-quarter spare-parts revenue is already backed by orders in hand and planned shop removals exceed the company’s full-year guidance by more than 40%.
Why Investors Should Pay AttentionMany industrial companies spend earnings calls convincing investors that demand is healthy. GE Aerospace largely skipped that conversation.
Instead, management argued that the long-term opportunity is already in place, supported by an installed engine base of roughly 80,000 engines, decades-long service contracts and a growing aftermarket business. The focus now is on expanding capacity fast enough to capitalize on it.
That’s why Culp’s “no victory laps” remark may have been the most revealing quote of the call. Even after raising guidance across the board, GE Aerospace’s leadership is signaling that future shareholder returns will depend less on whether airlines keep flying and more on whether the company can continue removing the operational bottlenecks standing between record demand and record results.
GE Stock Price Activity: GE Aerospace shares were up 2.54% at $354.50 at the time of publication on Friday, according to Benzinga Pro data.
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GE Aerospace ve 2. čtvrtletí překonala odhady: očištěné tržby vzrostly o 24 % na 12,63 mld. USD a očištěný EPS o 22 % na 2,02 USD. Společnost zároveň zvýšila celoroční výhled.
Americký výrobce leteckých motorů General Electric Aerospace oznámil výsledky hospodaření za druhý kvartál roku 2026. Tyto výsledky překonaly očekávání, když společnost díky robustnímu růstu komerčních služeb a rekordním dodávkám motorů navýšila očištěné tržby o 24 % a očištěný zisk na akcii o 22 %. Na základě výkonnosti v první polovině roku společnost plošně zvýšila svůj celoroční výhled, a to již posedmé od začátku roku 2024. Podle analytika TD Cowen však navýšení výhledu vzhledem k vysokým očekáváním trhu nemusí být dostatečně dobré.
Výsledky společnosti General Electric Aerospace (GE) za 2Q 2026 2Q 2026 Konsensus 2Q 2026 2Q 2025 Očištěné tržby (mld. USD) 12,63 11,86 10,15 Čistý zisk (mld. USD) 2,80 -- 2,39 Očištěný zisk na akcii (EPS, USD/akcie) 2,02 1,86 1,66 Výsledky za 2Q Očištěné tržby meziročně vzrostly o 24 % na 12,63 mld. USD a překonaly tak tržní konsensus ve výši 11,86 mld. USD.
Tržby z komerčních motorů a služeb dosáhly 9,73 mld. USD (meziroční růst o 27 %) a předčily tak očekávání trhu ve výši 9,16 mld. USD. Tržby ze služeb rostly o 26 %, když tržby z interních servisních návštěv vzrostly o 25 % a tržby z náhradních dílů o více než 25 %. Tržby z prodeje zařízení se zvýšily o 30 % díky 26% růstu objemu dodaných jednotek, včetně 24% nárůstu u motorů LEAP. Objednávky v tomto segmentu zaznamenaly meziroční růst o 18 % na 12,93 mld. USD.
Vývoj tržeb z komerčních motorů a služeb, zdroj: GE Aerospace
Tržby z obranných a pohonných technologií společnost reportovala ve výši 3,44 mld. USD (+16 % meziročně) a překonaly tak analytický konsensus 3,20 mld. USD. Objednávky v tomto segmentu meziročně vzrostly o 12 % na 4,14 mld. USD.
Vývoj tržeb z obranných a pohonných technologií, zdroj: GE Aerospace
Očištěný provozní zisk meziročně vzrostl o 18 % na 2,75 mld. USD při očištěné provozní marži 21,7 %, která meziročně poklesla o 1,3 p. b. vlivem vyššího podílu dodávek nových instalovaných motorů (včetně GE9X), investic a inflace.
Očištěný volný hotovostní tok (FCF) dosáhl 3,03 mld. USD (+43 % meziročně) při projekcích 1,98 mld. USD.
Hodnota nově přijatých objednávek za dané období činí 16,5 mld. USD (+17 % meziročně), přičemž celkový objem nezpracovaných zakázek (backlog) přesahuje 210 mld. USD.
Celkové dodávky motorů se v první polovině roku zvýšily o 31 %, včetně 41% růstu dodávek motorů LEAP. Společnost zároveň upozornila, že očekává pokračující omezení v dodavatelském řetězci a inflační tlaky, jejichž dopady se nadále snaží zmírňovat.
Meziroční vývoj očištěného zisku na akcii, zdroj: GE Aerospace
Celoroční výhled Společnost na základě výsledků za první pololetí a výhledu na zbytek roku plošně navýšila celoroční výhled:
Růst očištěných tržeb ve vyšších desítkách procent (high-teens), oproti dřívějšímu očekávání růstu v nízkých dvouciferných procentech. Očištěný provozní zisk v rozmezí 10,55 až 10,75 mld. USD (dříve 9,85 až 10,25 mld. USD). Očištěný zisk na akcii ve výši 7,65 až 7,85 USD (dříve 7,10 až 7,40 USD) při analytickém konsensu 7,56 USD. Očištěný volný hotovostní tok (FCF) v rozmezí 8,9 až 9,2 mld. USD (dříve 8,0 až 8,4 mld. USD) při odhadech 8,37 mld. USD. Segment komerčních motorů a služeb nyní pro rok 2026 očekává růst tržeb o cca 20 % (dříve v polovině desítek procent) a provozní zisk v rozmezí 10,25 až 10,35 mld. USD (dříve 9,6 až 9,9 mld. USD). Segment obranných a pohonných technologií počítá s růstem tržeb v nízkých dvouciferných procentech a provozním ziskem 1,6 až 1,7 mld. USD (dříve 1,55 až 1,65 mld. USD).
Komentář CEO „GE Aerospace odvedla silný druhý kvartál, ve kterém tržby i zisk na akcii vzrostly o více než 20 % díky robustnímu růstu komerčních služeb. Náš systém FLIGHT DECK nadále pohání významná provozní zlepšení napříč službami i výrobou zařízení – v kvartálu jsme dosáhli rekordního objemu interních servisních návštěv a dodávky motorů v prvním pololetí vzrostly celkem o 31 %,“ uvedl předseda představenstva a generální ředitel H. Lawrence Culp, Jr.
Culp pokračoval: „Vzhledem k naší výjimečné dosavadní výkonnosti a viditelnosti pro zbytek roku plošně navyšujeme celoroční výhled. Do budoucna se soustředíme na to, co je pro naše zákazníky nejdůležitější: plnění zakázek v objemu přes 210 mld. USD a zároveň investice do současných i příští generací technologií, které prodlouží dobu motoru na křídle a sníží náklady na vlastnictví.“
Vývoj akcie Akcie General Electric Aerospace (GE) v přeburzovní fázi obchodování oslabují o 2,99 % na 349,56 USD.
Akcie GE Aerospace (GE) před výsledky na 360,35 USD Ukazatel Ukazatel Kapitalizace (mld. USD) 373,9 P/E 49,9 Vývoj za letošní rok (%) +17,0 Očekávané P/E 47,7 52týdenní minimum (USD) 254,7 Prům. cílová cena (USD) 373,9 52týdenní maximum (USD) 383,0 Dividendový výnos (%) 0,5 Zdroj: GE Aerospace, Bloomberg
RBC Capital Markets čeká, že GE Aerospace zvýší celoroční upravený zisk před úroky a daněmi pro rok 2026 asi o 500 milionů USD. Firma zároveň odhaduje růst služeb o 19 % ve 2. čtvrtletí a o 18 % za celý rok.
• GE Aerospace stock is trading at elevated levels. Where are GE shares going?
Analysts expect the company to report earnings of $1.85 per share on $11.79 billion in quarterly revenue, according to Benzinga Pro. The stock also carries a consensus price forecast of $297.65, based on ratings from 27 analysts.
Guidance Increase Anticipated on Service GrowthRBC Capital Markets expects GE Aerospace to raise its full-year 2026 adjusted earnings before interest and taxes guidance by approximately $500 million, matching historical outperformance trends where the company beat its initial guidance by 16% in 2024 and 13% in 2025.
Herbert noted that capacity constraints, legacy engine usage and strong airline demand protect aftermarket engine spending. RBC models 19% services growth for the second quarter and 18% for the full year.
Near-Term Catalyst Potential Diminished by 2027 ConcernsThe report indicates that the upcoming second-quarter results may not serve as a positive catalyst for the stock, as market expectations already factor in the strong performance and guidance lift.
RBC Capital Markets notes that investor attention is shifting toward 2027, where tougher year-over-year comparisons and a projected deceleration in services growth could create headwinds for investor sentiment.
Supply Chain Tightness Extends Turn-Around TimesRBC Capital Markets reported that while material flow has improved, turnaround times at maintenance facilities remain well above historical averages. “LEAP deliveries remain on track for ~2,100,” Herbert stated, but emphasized that the broader aerospace supply chain remains tight, leaving a slim margin for error despite on-track deliveries for new engines.
Geopolitical Headwinds Offset by Structural ProtectionsThe firm noted the stock has risen 3% since March 1, recovering from the initial downturn tied to the Iran war. Elevated crude oil prices, which sit at approximately $85 per barrel after peaking in May, have not reduced passenger travel enough to impact aftermarket spending.
RBC Capital Markets stated that the $400 price forecast reflects 39 times its fiscal year 2028 free cash flow estimate of $10.5 billion.
GE Stock Price Activity: GE Aerospace shares were up 0.83% at $356.68 at the time of publication on Wednesday, according to Benzinga Pro data.
Photo by Jonathan Weiss via Shutterstock
This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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GE Aerospace letos vzrostla asi o 43 % a investoři čekají na výsledky, které mají ukázat, zda firma obhájí vysoké ocenění. Analytici ve 2. čtvrtletí čekají tržby 11,85 miliardy USD a EPS 1,85 USD.
GE Aerospace stock has rallied strongly over the past year, gaining about 43% as robust demand for commercial aviation and sustained defense spending in the United States and other key markets continued to support growth. The stock was trading at around $359 in pre-market trading, with investors awaiting the company's earnings report for fresh insight into its financial performance and whether it can justify its premium valuation.
GE Aerospace, one of the biggest industrial companies in the United States, has done well in the past few years, helped by its growing market share in the civil aviation and defense spending in the US and other allied countries.
The company will publish its financial results later this week, shedding more color on its business during the quarter. Data compiled by Yahoo Finance shows that the average estimate among analysts is that its revenue jumped by 16.7% in the second quarter to $11.85 billion.
Analysts also suspect that earnings per share (EPS) is expected to jump to $1.85 from the previous $1.66. Historically, the company has a long track record of doing better than what analysts expect.
Most notably, GE Aerospace’s annual revenue is expected to continue growing, with the annual figure expected to come in at $48.8 billion, followed by $53.76 billion next year.
A potential catalyst for the company is that it received some orders during President Donald Trump's trip to China. Chinese companies ordered 200 Boeing aircraft and related equipment, with many of them being powered by CFM, a joint venture of GE and Safran.
Valuation concerns remain A major concern among analysts and investors is that the company has become highly overvalued, with most metrics being much higher than other companies, including fast-growing companies like NVIDIA, AMD, and Micron.
SeekingAlpha data shows that the company has a forward price-to-earnings ratio of 47, higher than the sector median of 20. Including growth, the forward PEG ratio is 3.14, also higher than the sector median of 1.68.
The same valuation figure is also visible when using the discounted free cash flow (DCF) approach. A report by Simply Wall St. estimates that the company’s fair value is $248, meaning that it is 44.6% overvalued.
As such,the company will need to provide strong revenue, earnings, and backlog numbers to justify the valuation.
Analysts are largely optimistic about the company, with Susquehanna’s Charles Minervino hiking the target from $380 to $430. Sheila Kahyaoglu, a top analyst from Jefferies, hiked the target from $365 to $455, while Citigroup hiked to $431.
GE Aerospace stock chart | Source: TradingView
The daily chart shows that the GE Aerospace stock jumped to a high of $383 on July 2nd, and then pulled back to the current $359.
This price remains slightly above the important support of $347, its highest point on February 24. It was the upper side of the cup-and-handle pattern, a common bullish continuation sign in technical analysis.
Therefore, the most likely scenario is where the stock drops and retests the support at $347, and then resumes the uptrend. In the future, despite the valuation concerns, the stock may jump to the key resistance level of $400.
READ MORE: GE stock falls 4% despite earnings beat on fuel costs, weak outlook
GE Aerospace vykázala v 1. čtvrtletí upravený EPS 1,86 USD při tržbách 12,39 miliardy USD a potvrdila celoroční výhled. Před výsledky za 2. čtvrtletí má backlog komerčních služeb 170 miliard USD.
GE Aerospace (NYSE:GE | GE Price Prediction) looks like one of the cleanest large-cap industrial setups going into its July 16 earnings call, and the case for owning it does not hinge on waiting for the report. GE Aerospace releases Q2 2026 results before market open on July 16, and the setup rewards conviction. Prediction markets have already priced in a beat, analyst coverage is stacked to one side and the fundamentals leave almost no room for a downside surprise.
The Numbers Force the Decision Start with Q1 2026. Adjusted EPS printed $1.86 against a $1.60 consensus, a 16.25% beat, on revenue of $12.39 billion, up 24.74% year over year. Orders exploded 87% to $23.0 billion. Free cash flow rose 27.44% to $1.66 billion. That was the fourth consecutive quarterly beat, and GE has now beaten in five out of the last five quarters with surprise margins between 9.79% and 17.32%. The one-week average return following those beats was 2.43%.
Backlog Backstops the Guide Full-year 2026 guidance is intact and trending to the high end: adjusted EPS of $7.10 to $7.40, free cash flow of $8 billion to $8.4 billion, and operating profit of $9.85 billion to $10.25 billion. CEO Larry Culp put it plainly on the Q1 call: “If it were not for current events, we would be talking about an increase in the guide this morning.”
The visibility is real. Commercial services backlog stands at $170 billion, and CFO Rahul Ghai confirmed that entering Q2, 95% of spare parts revenue is already in backlog and all shop visits for the quarter are off wing. Commercial wins in Q1 alone included 300+ LEAP-1A engines for American Airlines, 300 GEnx engines for United and 60 GEnx engines for Delta. There is very little left to guess.
Crowd, Analysts, and Tape All Agree The Polymarket contract on Q2 revenue prices in a 95.5% probability of clearing the $11.75 billion threshold. Analyst coverage sits at 19 buys to 1 hold to 2 sells, with a consensus target of $370.14 and an algorithmic target of $419.75.
The tape confirms the thesis: GE is up 43.31% over one year and 11.85% year to date, with a 8.57% gain in the last month heading into the report. Jim Cramer told Mad Money viewers on April 29, “That’s when you buy GE Aerospace because otherwise it doesn’t come down. This is a good moment to buy GE actually.”
For retirement portfolios looking for a durable industrial compounder, the $170 billion services annuity is exactly the underlying that fits. The Q2 report drops in a week, before the open, and the data points to a setup worth watching closely into July 16.
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GE Aerospace oznámila, že tržby divize Defense & Propulsion Technologies v 1. čtvrtletí meziročně vzrostly o 19 % a objednávky vyskočily o 67 %. Pro rok 2026 čeká růst tržeb této divize v nižších až vyšších jednotkách procent.
Key Takeaways GE's Defense & Propulsion Technologies revenues rose 19%, with orders jumping 67% in Q1.GE secured defense contracts with Boeing Defence UK and a multi-year partnership with Palantir.GE expects mid-to-high single-digit 2026 revenue growth for its Defense & Propulsion Technologies segment. GE Aerospace (GE - Free Report) is benefiting from persistent strength in its Defense & Propulsion Technologies segment. After experiencing growth of 11% in 2025, revenues from the segment increased 19% year over year in first-quarter 2026. The surge in revenues was driven by the growing popularity for GE’s propulsion & additive technologies, critical aircraft systems and aftermarket services in the defense sector.
Some of the notable contracts secured by the company include a deal from Boeing Defence UK for the extension of support services for T700-GE-T701D engines. GE will be responsible for providing logistics management, repair, maintenance and technical support services for these turboshaft engines. Also, it entered into a multi-year partnership with Palantir Technologies Inc. (PLTR - Free Report) to improve the fleet management and operational readiness of the U.S. Air Force’s military aircraft.
The strong pipeline of projects boosted the Defense & Propulsion Technologies segment’s orders, which surged 67% in the first quarter on a year-over-year basis. The segment’s operating profit grew 17% to $379 million.
It's worth noting that the fiscal year 2026 Defense Appropriations Act was signed into law in February 2026, providing a strong budgetary allocation for defense. Such robust provisions set the stage for GE Aerospace, which remains focused on its defense business.
Backed by favorable geopolitical developments and consistent government support, the company’s Defense & Propulsion Technologies segment is well-placed for growth in the quarters ahead. For 2026, GE expects revenues from the Defense & Propulsion Technologies segment to increase in the mid-to-high single-digit range.
GE's Peers in the Defense MarketHowmet Aerospace Inc. (HWM - Free Report) is benefiting from strong momentum in its defense aerospace market. After experiencing growth of 21% in 2025, revenues from the defense aerospace market increased 10% year over year in first-quarter 2026. The surge in revenues was driven by the solid demand for engine spares, particularly related to the F-35 program, and an increase in orders for legacy fighter jet spares.
Northrop Grumman’s (NOC - Free Report) defense market is playing an important role in driving its overall growth. In first-quarter 2026, revenues from Northrop’s Defense Systems segment climbed 5.2% year over year to $1.90 billion. This improvement was driven by the continued ramp-up of the Sentinel program, as well as the higher volume of tactical solid rocket motor programs and the Integrated Battle Command System portfolio.
GE's Price Performance, Valuation and EstimatesShares of GE Aerospace have gained 9.8% in the past six months against the industry’s 6.2% decline.
Image Source: Zacks Investment Research
From a valuation standpoint, GE is trading at a forward price-to-earnings ratio of 43.97X, above the industry’s average of 33.75X. GE Aerospace carries a Value Score of D.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for GE’s 2026 and 2027 earnings has increased over the past 60 days.
Image Source: Zacks Investment Research
The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The market expects GE Aerospace (GE - Free Report) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2026. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The earnings report, which is expected to be released on July 16, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.
While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.
Zacks Consensus EstimateThis industrial conglomerate is expected to post quarterly earnings of $1.86 per share in its upcoming report, which represents a year-over-year change of +12.1%.
Revenues are expected to be $11.86 billion, up 16.8% from the year-ago quarter.
Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.
Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.
Price, Consensus and EPS Surprise
Earnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.
A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
How Have the Numbers Shaped Up for GE?For GE, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.79%.
On the other hand, the stock currently carries a Zacks Rank of #2.
So, this combination indicates that GE will most likely beat the consensus EPS estimate.
Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.
For the last reported quarter, it was expected that GE would post earnings of $1.61 per share when it actually produced earnings of $1.86, delivering a surprise of +15.53%.
Over the last four quarters, the company has beaten consensus EPS estimates four times.
Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.
That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
GE appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.
Expected Results of an Industry PlayerGE Aerospace (GE - Free Report) , another stock in the Zacks Aerospace - Defense industry, is expected to report earnings per share of $1.86 for the quarter ended June 2026. This estimate points to a year-over-year change of +12.1%. Revenues for the quarter are expected to be $11.86 billion, up 16.8% from the year-ago quarter.
The consensus EPS estimate for GE has remained unchanged over the last 30 days. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of +2.79%.
This Earnings ESP, combined with its Zacks Rank #2 (Buy), suggests that GE will most likely beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
GE Aerospace (NYSE:GE) will release its second quarter earnings report before the opening bell on Thursday, July 16.
Analysts expect the Evendale, Ohio-based company to report quarterly earnings of $1.86 per share, up from $1.66 per share in the year-ago period. The consensus estimate for GE Aerospace’s quarterly revenue is $11.82 billion. It reported $10.15 billion last year, according to Benzinga Pro.
On June 25, GE Aerospace declared a 47 cents per share dividend.
Shares of GE Aerospace fell 3% to close at $356.03 on Wednesday.
Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.
Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.
Considering buying GE stock? Here’s what analysts think:
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GE Aerospace (GE - Free Report) ended the recent trading session at $366.98, demonstrating a -3.09% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.45%. On the other hand, the Dow registered a loss of 0.25%, and the technology-centric Nasdaq decreased by 1.16%.
The stock of industrial conglomerate has risen by 17.59% in the past month, leading the Aerospace sector's gain of 6.21% and the S&P 500's gain of 2.14%.
Analysts and investors alike will be keeping a close eye on the performance of GE Aerospace in its upcoming earnings disclosure. The company's earnings report is set to go public on July 16, 2026. The company's earnings per share (EPS) are projected to be $1.86, reflecting a 12.05% increase from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $11.84 billion, reflecting a 16.64% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $7.48 per share and revenue of $48.75 billion, which would represent changes of +17.43% and +15.18%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for GE Aerospace. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, GE Aerospace possesses a Zacks Rank of #2 (Buy).
In terms of valuation, GE Aerospace is currently trading at a Forward P/E ratio of 50.64. This denotes a premium relative to the industry average Forward P/E of 23.44.
Investors should also note that GE has a PEG ratio of 3.36 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Aerospace - Defense industry currently had an average PEG ratio of 1.62 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 110, positioning it in the top 45% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
GE Aerospace získala objednávky na více než 650 komerčních motorů a uzavřela dlouhodobou smlouvu s Ryanair. Tržby divize Commercial Engines & Services vzrostly o 34 % na 8,92 miliardy USD.
Key Takeaways GE received orders for over 650 commercial engines and signed a long-term materials deal with Ryanair.Commercial Engines & Services revenues rose 34%, with orders jumping 93% to $17.3 billion.GE expects mid-teens 2026 revenue growth in Commercial Engines & Services amid strong air travel demand. GE Aerospace’s (GE - Free Report) commercial aerospace market is playing a significant role in driving its overall growth. In first-quarter 2026, the company received orders for more than 650 commercial engines, including commitments from American Airlines, United Airlines and Delta Airlines. It also entered into a long-term materials agreement to support Ryanair’s fleet of about 2,000 CFM56 and LEAP engines.
In the first quarter, revenues from the Commercial Engines & Services segment increased 34% year over year to $8.92 billion. The gain was driven by services growth of 39%, with internal shop visit revenues up 35% on higher volume and workscopes. Spare parts revenues increased more than 25%, reflecting robust aftermarket demand. Total orders in the segment rose 93% year over year to $17.3 billion.
In response to these robust orders, GE has also been investing in its manufacturing capabilities, MRO facilities and new technologies. For 2026, the company had announced its plan to invest an additional $1 billion in U.S. manufacturing and technology. Also, in the same period, GE Aerospace plans to invest more than €110 million across its European manufacturing facilities.
With commercial aircraft programs expected to continue benefiting from the strength in air travel, GE is poised to maintain strong demand momentum in the quarters ahead. For 2026, adjusted revenues from the Commercial Engines & Services segment are expected to experience mid-teens growth.
GE's Peers in the Aerospace MarketAmong its major peers, RTX Corporation (RTX - Free Report) is benefiting from strength in the commercial aerospace market, with growth in both aftermarket and OEM verticals. RTX reported 10% organic sales growth in the first quarter, driven by solid momentum in the Collins Aerospace and Pratt & Whitney segments. Rising aircraft utilization and demand for sustainable technologies are supporting RTX Corp.’s growth.
Its another peer, Howmet Aerospace Inc. (HWM - Free Report) is benefiting from persistent strength in the commercial aerospace market. Revenues from Howmet’s commercial aerospace market increased 20% year over year (exceeding $1.2 billion) in the first quarter, constituting 53% of its business. Also, in 2025, revenues from the market increased 12% year over year.
GE's Price Performance, Valuation and EstimatesShares of GE Aerospace have gained 30.7% in the past three months compared with the industry’s growth of 1.1%.
Image Source: Zacks Investment Research
From a valuation standpoint, GE is trading at a forward price-to-earnings ratio of 46.74X, above the industry’s average of 33.51X. GE Aerospace carries a Value Score of D.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for GE’s 2026 earnings has gone up 0.3% over the past 60 days.
Image Source: Zacks Investment Research
The company currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
