EarningsQ2 2026 Earnings Report
MX:GE Q2 2026 EPS Results
Actual EPS$36.69
Consensus EPS$33.83
Beat/MissBeat by +$2.85
One Year Ago EPS$30.15
MX:GE Q2 2026 Revenue Results
Actual Revenue$242.44B
Expected Revenue$215.79B
Beat/MissBeat by +$26.65B
YoY Revenue Growth+21.10%
Earnings Announcement Details
QuarterQ2 2026
Date07/16/2026
TimeBefore Open
Conference CallThursday, July 16, 2026
MX:GE Upcoming Earnings
GE Aerospace's next earnings date is estimated for October 20, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:GE Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call communicated strong operational and financial momentum: significant order, revenue, delivery and cash flow growth, plus an across-the-board guidance raise and multiple measurable operational improvements (FLIGHT DECK, AI, supplier collaboration). Offsetting this are near-term margin headwinds (installed-mix and GE9X investments), spare parts delinquencies and supply-side capacity constraints that the company is addressing. On balance, highlights materially outweigh the challenges and management presented a credible path to sustain growth while working through timing-related margin and fulfillment issues.Company Guidance
Strong Top-Line Growth
Q2 revenue increased 24% year-over-year; commercial engines & services (CES) revenue up 27% and Defense, Power & Technologies (DPT) revenue up 16%. First-half revenue was up 27% year-to-date.
Robust Order Intake and Backlog
Overall orders rose 17% in Q2 and 49% in the first half. Commercial services backlog is roughly $170 billion and total company backlog exceeds $210 billion, providing strong demand visibility.
Profit and EPS Expansion
Operating profit grew 18% to $2.7 billion in Q2; EPS increased 22% to $2.02. Year-to-date EPS growth was 24%.
Material Free Cash Flow Improvement
Free cash flow increased 43% in the quarter to $3.0 billion with net income conversion over 140%; first-half free cash flow up 31% with 115% conversion. Full-year free cash flow guidance was raised to $8.9–$9.2 billion.
Raised Full-Year Guidance
Company raised 2026 guidance: overall revenue growth to high teens, CES growth around 20% (commercial services low-20s), DPT growth to low double digits; operating profit guidance $10.55B–$10.75B; EPS guidance $7.65–$7.85.
Commercial Services Momentum & Deliveries
First-half commercial services revenue up 32%; total engine deliveries up 31% in the first half (LEAP engines up 41%). LEAP internal shop visits were up over 50% driving services volume and spare parts growth.
Operational Improvements via FLIGHT DECK and AI
FLIGHT DECK enabled lead-time reductions (e.g., ~60% reduction for a critical F110 component, ~50% reduction in CFM56 final assembly lead time at a major MRO) and roughly one-week improvement in shop visit turnaround since end of 2025. Supplier inspection time improved ~90% via new processes; AI cut demand signals in half and reduced processing time by ~90% across 190 parts.
LEAP Reliability and Durability Progress
LEAP turnaround times improved to ~100 days (down over two weeks YoY). Certification completed for the LEAP-1B durability kit (including upgraded HPT blade), expected to deliver approximately a twofold improvement in time on wing with full MRO and new-make cutover targeted early next year, and nearly zero grounded LEAP-powered aircraft due to engines.
Defense Wins and Technology Milestones
Program wins and progress include F404 selection for HÜRJET, CT7 for the U.K. medium helicopter, XA102 assembly readiness review, XA100 progress, GEK1500 and GE426 preliminary design milestones, and completion of a megawatt-class hybrid electric demonstrator ground test under NASA EPFD.
Investment and Capacity Expansion
Ongoing investments include roughly $3 billion annual R&D and over $1 billion of CapEx. Partnerships and capacity expansions (e.g., MTU facility induction of LEAP-1B) support aftermarket growth and expected installed-base expansion through 2030.
MX: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