GE Aerospace Raises 2026 Profit Forecast to $8.10 After Q3 Revenue Climbs 18% to $13.29B
GE Aerospace raised its 2026 adjusted profit forecast on Oct. 20 after third-quarter revenue rose 18% from a year earlier to $13.29B.
The jet-engine maker now expects full-year adjusted earnings per share of $8.00 to $8.10, up from its earlier range of $7.65 to $7.85.
Adjusted earnings per share landed at $2.25 for the September quarter, against $1.66 in the same quarter last year. Analysts had modeled $2.00 on revenue of $12.878B, so both lines beat expectations.
| Metric | Q3 2026 / Current | Estimate or Prior |
|---|---|---|
| Revenue | $13.29B | $12.878B (Est.) |
| Adj. EPS | $2.25 | $2.00 (Est.) |
| Adj. EPS (Year-Ago) | $2.25 | $1.66 |
| Comm. Engines Revenue | $10.34B | +21% (YoY) |
| 2026 Adj. EPS Guidance | $8.00–$8.10 | $7.65–$7.85 (Prior) |
| Order Backlog | $200B | - |
Servicing engines, not just selling them
Revenue at the commercial engines and services unit rose 21% to $10.34B.
Parts and services make up more than 70% of commercial engine revenue, a mix that carries aftermarket margins above 25%.
That business runs largely through CFM International, the company's joint venture with France's Safran, a leading supplier of narrowbody jet engines and a major widebody player.
The order backlog stands at roughly $200B, giving the company years of contracted work to draw from.
Fuel costs are the wildcard
Airlines are trimming costs and capacity to protect ticket prices after the war in Iran scrambled oil shipping routes and pushed jet fuel higher.
Fewer flights would eventually mean fewer engines rolling into maintenance shops.
Management argues the hit this year should be small, since most 2026 shop-visit work is already under contract and spare-parts demand still outruns supply.
Finance chief Rahul Ghai said last month that airlines hadn't changed fleet plans, with the number of parked aircraft staying low.
Growth in new engine orders and total order value slowed sequentially, following a similar deceleration in the prior quarter.
Investors watch that figure closely for signs the aerospace manufacturing cycle has topped out.
Management's caution on component lead times and production costs added to questions about fourth-quarter capacity.
The company's forward price-to-earnings ratio sat near 38x to 40x heading into the report, a level that leaves little room for ordinary beats.
The next test is whether shop visits hold up if airlines start pulling schedules.
