CINCINNATI - GE Aerospace reported a strong second quarter on July 16, beating Wall Street expectations for both profit and revenue, driven by robust global demand for aircraft engine parts and maintenance services. Total revenue for the quarter rose 21% year-over-year to $13.35 billion, while adjusted revenue reached $12.63 billion, comfortably beating expectations.
The earnings prompted the company to raise its full-year 2026 profit outlook, capitalizing on steady aftermarket activity. The upgraded outlook comes despite global pressures, including a conflict in Iran that has disrupted shipping routes and driven up jet fuel prices, which has squeezed airline budgets.
"GE Aerospace delivered a strong second quarter with revenue and EPS both up more than 20%, driven by robust commercial services growth," Chairman and CEO H. Lawrence Culp Jr. said in a statement. The company’s commercial engines and services division led the performance, with quarterly revenue surging 27% to $9.7 billion as airlines continued to prioritize maintenance to keep existing fleets in the air.