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.