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GE Aerospace shares fall after Q2 beats and raised full-year outlook
GE Aerospace reported Q2 revenue of $12.63 billion, beat estimates of $11.87 billion, while orders rose 17% and it holds a backlog above $210 billion.
GE Aerospace said it delivered a strong Q2 2026 earnings report on July 16, but the stock fell about 5% in early trading the following day even after results beat expectations and full-year guidance was raised, according to MarketBeat Ratings.
The company reported revenue of $12.63 billion versus $11.87 billion expected, with earnings per share of $2.02 compared with a $1.86 forecast. Orders rose 17%, and free cash flow increased 43%, with the first half of 2026 showing even faster growth, including orders up 49% year over year to $39.5 billion.
GE pointed to airline demand for maintaining aging fleets, saying commercial services revenue grew 32% in the first half and total engine deliveries rose 31%. MarketBeat Ratings also noted that GE cited its internal FLIGHT DECK lean operating program for cutting shop turnaround times by about a week since the end of 2025.
Defense demand provided a second growth engine, with the Defense and Propulsion Technologies segment posting a 1.55x book-to-bill ratio for the first half and revenue up 17% for the period. The company also reported a backlog of over $210 billion, which it said can provide visibility because engine orders typically convert into revenue over time.