GE Aerospace 8-K
PositiveEarningsGuidance raised
Higher commercial services volume and pricing lift profit; FY2026 adjusted EPS guidance rises to $8.00–$8.10.
Filed 2026-10-20 06:30 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q3 2026 results with raised FY2026 guidance. GE Aerospace reported higher revenue, profit and EPS, while operating cash flow and free cash flow declined Y/Y. It raised company-wide FY2026 guidance and now expects 2027 commercial services growth in the low double digits, supported by a commercial services backlog above $170B.
Key Figures
| Metric | Q3 2026 | 9M 2026 |
|---|---|---|
| Revenue, GAAP | $14.1B, +16% Y/Y | $39.9B, +20% Y/Y |
| Revenue, non-GAAP adjusted | $13.3B, +18% Y/Y | $37.5B, +23% Y/Y |
| Profit, GAAP | $2.81B, +12% Y/Y | $7.8B, +9% Y/Y |
| Operating profit, non-GAAP | $2.99B, +30% Y/Y | $8.26B, +22% Y/Y |
| Profit margin, GAAP | 19.9%, vs 20.7% | 19.6%, vs 21.6% |
| Operating profit margin, non-GAAP | 22.5%, vs 20.3% | 22.0%, vs 22.3% |
| Continuing EPS, GAAP | $2.32, +14% Y/Y | $6.44, +12% Y/Y |
| Adjusted EPS, non-GAAP | $2.25, +36% Y/Y | $6.13, +28% Y/Y |
| Cash from operating activities, GAAP | $2.20B, −14% Y/Y | $7.33B, +14% Y/Y |
| Free cash flow, non-GAAP | $2.04B, −14% Y/Y | $6.73B, +13% Y/Y |
- Orders were $19.0B, +49% Y/Y. Commercial Engines & Services revenue grew 21% to $10.3B, with services up 17%; Defense & Propulsion Technologies revenue grew 7% to $3.47B. Higher services volume and price lifted Commercial Engines & Services profit, while mix and inflation weighed on its margin.
- Commercial services orders rose 23%; year-to-date revenue and total engine deliveries were each up more than 20%. GE Aerospace also agreed to acquire Consolidated Precision Products to expand aerospace castings capacity.
Guidance
| Metric | Period | Guidance | Prior | Direction |
|---|---|---|---|---|
| Adjusted revenue growth, non-GAAP | FY2026 | ~19–20% | High-teens | Raised |
| Operating profit, non-GAAP | FY2026 | $10.9–$11.0B | $10.55–$10.75B | Raised |
| Adjusted EPS, non-GAAP | FY2026 | $8.00–$8.10 | $7.65–$7.85 | Raised |
| Free cash flow, non-GAAP | FY2026 | $9.1–$9.4B | $8.9–$9.2B | Raised |
| Free cash flow conversion, non-GAAP | FY2026 | >100% | >100% | Reaffirmed |
| Commercial Engines & Services revenue growth | FY2026 | Low 20s | ~20% | Raised |
| Commercial Engines & Services services revenue growth | FY2026 | Higher end of prior low-20s outlook | Low 20s | Raised |
| Commercial Engines & Services equipment revenue growth | FY2026 | Low 20s | ~20% | Raised |
| Commercial Engines & Services operating profit | FY2026 | $10.5–$10.6B | $10.25–$10.35B | Raised |
| Defense & Propulsion Technologies revenue growth | FY2026 | Low double digits | — | — |
| Defense & Propulsion Technologies operating profit | FY2026 | $1.6–$1.7B | — | — |
| Commercial services growth | FY2027 | Low double digits | — | — |
Guidance changes, derived from earlier filings
| Metric | Period | Earlier guidance | Guidance now | Change |
|---|---|---|---|---|
| Operating profit, non-GAAP | FY2026 | $10.55-$10.75B | $10.9–$11.0B | raised |
| Adjusted EPS, non-GAAP | FY2026 | $7.65-$7.85 | $8.00–$8.10 | raised |
| Free cash flow, non-GAAP | FY2026 | $8.9-$9.2B | $9.1–$9.4B | raised |
| Free cash flow conversion, non-GAAP | FY2026 | >100% | >100% | reaffirmed |
| Commercial Engines & Services services revenue growth | FY2026 | Low 20s | Higher end of prior low-20s outlook | lowered |
| Commercial Engines & Services operating profit | FY2026 | $10.25-$10.35B | $10.5–$10.6B | raised |
| Defense & Propulsion Technologies operating profit | FY2026 | $1.6-$1.7B | $1.6–$1.7B | reaffirmed |
Investor Takeaways
- Track FY2026 results against the raised operating profit, adjusted EPS and free cash flow ranges.
- Watch whether commercial services sustains the growth expected for 2027, supported by its backlog above $170B.
The summary is written by an AI model reading the filing.
Model 005 · prompt v95 · 2026-10-20 14:33:27Z