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

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

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