GE Aerospace (NYSE:GE) reported fourth-quarter results that cleared Wall Street’s bar and signaled a robust 2026, as the world’s leading jet-engine maker converts a massive $190 billion backlog into high-margin service revenue.
The Evendale, Ohio-based company posted a GAAP profit of $2.54 billion, or $2.40 per share.
On an adjusted basis, which excludes certain non-recurring items and discontinued operations, earnings reached $1.57 per share.
This comfortably beat the $1.44 consensus estimate from analysts surveyed by Zacks Investment Research.
Revenue for the period hit $12.72 billion, while adjusted revenue of $11.87 billion also topped the $11.26 billion forecast.
The primary engine of growth remains the company's Commercial Engines & Services (CES) division.
As global aircraft supply remains constrained, airlines are increasing maintenance spending to keep existing fleets in the air.
This has led to a surge in "internal shop visits"—up roughly 25% for the year—and record deliveries of the LEAP engine, which grew 28% in 2025.
"GE Aerospace delivered an outstanding year as revenue grew 21% and free cash flow conversion exceeded 100%," said Chairman and CEO H. Lawrence Culp, Jr.
"Our performance demonstrates how our operational 'Flight Deck' model is taking hold, allowing us to accelerate output to meet unprecedented demand."
Looking ahead to 2026, GE Aerospace issued an optimistic forecast, projecting adjusted earnings in the range of $7.10 to $7.40 per share.
The company expects to benefit from the continued ramp-up of the GE9X engine for the Boeing 777X and a defense segment bolstered by rising global security spending.