GE Aerospace (NYSE:GE) reported first-quarter results that exceeded Wall Street expectations, supported by robust demand across its commercial and defense segments.
Adjusted earnings per share came in at $1.86, beating the analyst estimate of $1.60 by $0.26. Adjusted revenue reached $11.6 billion, surpassing the consensus estimate of $10.71 billion and increasing 29% year-over-year.
The company reported total orders of $23.0 billion, representing an 87% increase from the prior year, driven by strong demand across both commercial and defense businesses.
The Commercial Engines & Services segment delivered particularly strong performance, with orders rising 93% to $17.3 billion and revenue increasing 34% to $8.9 billion. Services revenue grew 39%, including a 35% increase in internal shop visit revenue and more than 25% growth in spare parts revenue. Total engine deliveries rose 43% year-over-year.
During the quarter, GE Aerospace secured commercial orders for more than 650 engines, including agreements with American Airlines, United Airlines, and Delta Air Lines.
For fiscal 2026, the company reaffirmed its full-year guidance across all metrics. It continued to expect mid-teens revenue growth in its Commercial Engines & Services segment, with operating profit projected between $9.6 billion and $9.9 billion. The Defense, Propulsion & Additive Technologies segment was expected to deliver mid- to high-single-digit revenue growth and operating profit of $1.55 billion to $1.65 billion.
