GE Aerospace beats Q1 adjusted revenue, profit estimates

General Electric Co

21/04/2026 11:36

Overview

U.S. jet engine maker's Q1 adjusted revenue rose 29%, beating analyst expectations

Adjusted EPS for Q1 increased 25%, and beat analyst expectations

Company highlights strong commercial services backlog and a 43% rise in engine deliveries

Outlook

GE Aerospace maintains 2026 guidance, trending toward high end of forecast ranges

Company sees 2026 adjusted EPS of $7.10-$7.40 and operating profit of $9.85-$10.25 bln

2026 free cash flow expected at $8.0-$8.4 bln; adjusted revenue growth in low double digits

Result Drivers

ENGINE DELIVERIES - Total engine deliveries increased 43% year-over-year, supporting revenue growth

COMMERCIAL SERVICES - Commercial Engines & Services revenue up 34%, with services revenue up 39% and equipment revenue up 20%

DEFENSE & PROPULSION GROWTH - Defense & Propulsion Technologies revenue grew 19%, while profit rose 17%, driven by higher deliveries, volume, and price

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$12.40 bln
Q1 Adjusted Revenue
Beat
$11.60 bln
$10.72 bln (13 Analysts)
Q1 Adjusted EPS
Beat
$1.86
$1.60 (17 Analysts)
Q1 Continuing EPS
$1.83


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 2 "hold" and 1 "sell" or "strong sell"

The average consensus recommendation for the aerospace & defense peer group is "buy"

Wall Street's median 12-month price target for General Electric Co is $353.00, about 16.3% above its April 20 closing price of $303.60

The stock recently traded at 39 times the next 12-month earnings vs. a P/E of 43 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)