GE Aerospace (NYSE:GE) shares fell in Tuesday’s premarket trading despite the company reporting better-than-expected third-quarter results and raising its 2026 outlook. The decline came as investors weighed lower free cash flow, narrower Commercial Engines & Services margins and uncertainty surrounding GE9X engine certification.
849 billion. 285 billion.
00 consensus estimate. 988 billion.
5%. Orders surged 49% to $19 billion.
887 billion, respectively. 9%.
Services revenue grew 17%, supported by a 12% increase in internal shop visit revenue, driven by higher volume and heavier maintenance work. LEAP shop visits rose more than 40%, while spare parts sales increased over 20%.
Equipment revenue jumped 38% as engine deliveries increased 8%, including 5% growth in LEAP deliveries. Meanwhile, GE Aerospace has delivered GE9X engines with upgraded midseals to Boeing Company (NYSE:BA) since August.
The company is targeting FAA certification of the upgraded midseal by the end of 2026, subject to regulatory approval. 469 billion.
7%. Defense & Systems revenue grew 5%, while Propulsion & Additive Technologies revenue increased 10%.
Year-to-date commercial services revenue and engine deliveries each grew more than 20%. GE Aerospace reported a commercial services backlog exceeding $170 billion and expects low-double-digit services revenue growth in 2027.
9 billion and announced plans to acquire Consolidated Precision Products. 92 analyst estimate.
The company also increased its adjusted revenue growth forecast to approximately 19% to 20%. 4 billion.
042 billion. 3 billion in borrowings.
It also repurchased $2 billion of shares. Management Highlights Engine Recovery and GE9X Progress During the earnings call, management said the number of aircraft grounded because of LEAP engine issues had fallen to nearly zero since the summer.
The company also reported record internal shop-visit output and shorter turnaround times. LEAP engine turnaround times have improved by two weeks since the end of 2025.
Chairman and CEO Larry Culp said GE Aerospace continues to work closely with airlines to improve fleet availability. He expects aircraft departures to increase in 2027, supported by existing backlogs and previously flown engine cycles.
Meanwhile, GE Aerospace has delivered GE9X engines with upgraded midseals since August and is targeting Federal Aviation Administration certification by the end of 2026. The company also reported increased GEnx engine deliveries to Boeing during the quarter, outpacing aircraft deliveries.
Culp described the planned acquisition of Consolidated Precision Products as an investment in critical casting capacity for the broader aerospace industry. The deal is expected to strengthen manufacturing capabilities and support the development of next-generation engine components focused on durability, cooling and efficiency.
50 in Tuesday’s premarket trading, according to Benzinga Pro data.
