GE Aerospace (NYSE:GE) reported first-quarter 2026 results on Tuesday, with shares trading lower following the release. The company beat analyst expectations on both earnings and revenue.
Strong Earnings And Revenue Growth
Adjusted EPS was $1.86, exceeding the $1.60 estimate, while revenue of $12.4 billion topped the $10.72 billion estimate. GAAP EPS was $1.83, flat year over year, while adjusted EPS increased 25%.
Total revenue rose 25% to $12.4 billion, with adjusted revenue up 29% to $11.6 billion. GAAP profit declined 2% to $2.2 billion, with margins contracting to 17.7%.
Adjusted operating profit increased 18% to $2.5 billion, while operating margin declined to 21.8%. Operating cash flow rose 21% to $1.9 billion, and free cash flow increased 14% to $1.7 billion.
Orders, Backlog And Operational Strength
Orders surged 87% to $23.0 billion, reflecting strong demand across segments. The company reported a $170 billion backlog in commercial services, providing long-term visibility. Total engine deliveries increased 43% year over year.
CEO H. Lawrence Culp, Jr. said, “GE Aerospace had a strong first quarter with orders growing 87% and revenue up 29% supporting double-digit growth in earnings and free cash flow.”
“Our young and diverse fleet coupled with a $170 billion commercial services backlog positions us well to navigate the current operating environment. With the dynamic geopolitical landscape, we’re holding our full-year guidance across the board and are trending toward the …