GE Aerospace

GE Aerospace designs, makes and services jet engines and engine parts for commercial and military aircraft. Its legal name is General Electric Company. It has two segments. Commercial Engines & Services makes engines such as the LEAP, GEnx and GE9X and earns most of its revenue from services, spare parts and shop visits for the engines in use.

Defense & Propulsion Technologies makes engines and parts for military aircraft and other uses, and includes Avio Aero and Unison. Adjusted revenue was $37.5 billion in the first nine months of 2026. GE Aerospace also keeps a run-off insurance business with long-term care reserves. Its headquarters is in Evendale, Ohio, near Cincinnati.

The market prices GE Aerospace for strong growth in engine services, but it also prices three concerns. First, GE Aerospace agreed in September 2026 to buy Consolidated Precision Products (CPP), a maker of engine castings, for $11.75 billion, with about $7 billion of cash and new debt. Second, equipment growth and inflation lowered the margin of Commercial Engines & Services to 27.2% in the first nine months of 2026, from 28.5% a year earlier. Third, the run-off insurance business recorded a pre-tax charge of $328 million in Q3 2026 for higher long-term care costs.

For the gap to close, three things must be true. Commercial services revenue must grow by a low double-digit percentage in 2027, as the company now expects, from a backlog of more than $170 billion. Free cash flow must stay above 100% of adjusted net income while engine deliveries rise. CPP must close in the second half of 2027 and add to adjusted EPS and free cash flow in its first year, as the company expects.

The Q4 2026 report and the 2027 guidance, expected in late January 2027, are the next test. The CPP closing is a second test. If these checks pass, the gap can close slowly over several years, because the value depends on services cash flows for decades. The main reason it may not close is a slower aftermarket, for example if airlines retire older engines or if new engines need fewer shop visits.

1. Jan 21, 2027 · est.Pending

   Q4 2026 results and 2027 guidance2026 adjusted EPS of $8.00 to $8.10, free cash flow of $9.1 billion to $9.4 billion and 2027 guidance with low double-digit services growth pass; a lower services outlook or weaker cash conversion fail.
2. 2027 · est.Pending

   CPP acquisition closesRegulatory approval and a closing in the second half of 2027 with a first-year gain to adjusted EPS pass; a block, a delay into 2028 or a higher cost fail.

Every passed and failed checkpoint across all picks

• October 20, 2026GE Aerospace reported Q3 2026 results. Orders rose 49% to $19.0 billion, adjusted revenue rose 18% to $13.3 billion, and adjusted EPS rose 36% to $2.25. Free cash flow fell 14% to $2.0 billion. The company raised its 2026 guidance to adjusted EPS of $8.00 to $8.10, operating profit of $10.9 billion to $11.0 billion and free cash flow of $9.1 billion to $9.4 billion. It expects commercial services revenue to grow by a low double-digit percentage in 2027. The run-off insurance business recorded a pre-tax charge of $328 million after its annual review of reserves.
• September 8, 2026GE Aerospace agreed to buy Consolidated Precision Products (CPP), a maker of castings for aircraft engines, defense and power, for $11.75 billion. It plans to pay with about $7 billion of cash and new debt for the rest. It expects CPP to have revenue of about $2.0 billion in 2027 and the deal to close in the second half of 2027, subject to regulatory approvals.
• July 16, 2026GE Aerospace reported Q2 2026 results. Adjusted revenue rose 24% to $12.6 billion, adjusted EPS rose 22% to $2.02, and free cash flow rose 43% to $3.0 billion. The company raised its 2026 adjusted EPS guidance to $7.65 to $7.85, from $7.10 to $7.40.

Last earnings

October 20, 2026 (8-K on sec.gov)

Next earnings

Expected about January 21, 2027. The company has not confirmed the date.

• 10-QQuarterly report for the period ended Sep 30, 2026Filed October 20, 2026 · ge-20260930
• 8-KEarnings releaseFiled October 20, 2026 · ge-20261020
• 8-KChange of directors or officers and Other company newsFiled September 22, 2026 · ge-20260921
• 8-KInvestor disclosure and Other company newsFiled September 8, 2026 · Read it on sec.gov
• 10-QQuarterly report for the period ended Jun 30, 2026Filed July 16, 2026 · ge-20260630
• 8-KEarnings releaseFiled July 16, 2026 · ge-20260716
• 8-KChange to shareholder rights or bylawsFiled June 25, 2026 · ge-20260625
• 8-KChange of directors or officersFiled June 11, 2026 · ge-20260608
• 8-KChange of directors or officers and Shareholder vote resultsFiled May 7, 2026 · ge-20260505
• 10-QQuarterly report for the period ended Mar 31, 2026Filed April 21, 2026 · ge-20260331

Every filing on SEC EDGAR (CIK 40545)

• Most of the profit comes from services on engines in use. If airlines fly less, retire older engines earlier or need fewer shop visits, services revenue and margins can fall. The price of the stock assumes many years of services growth.
• The run-off insurance business had net future policy benefit reserves of $32.8 billion at September 30, 2026, mostly for long-term care. The annual review in Q3 2026 caused a pre-tax charge of $328 million. Higher care costs or lower interest rates can cause new charges or require capital.
• The CPP acquisition costs $11.75 billion and needs regulatory approval. GE Aerospace will use about $7 billion of cash and new debt. If the deal is late, is blocked or does not add to earnings, it lowers cash for buybacks.
• Supplier output limits engine deliveries. Equipment growth and inflation lowered the margin of Commercial Engines & Services in 2026. Revenue from GE9X deliveries waits for a certification step, so delays can move profit to later periods.

GE Aerospace funds itself with long-term notes, a new commercial paper program and cash from operations. Total borrowings were $19.33 billion at September 30, 2026, down from $20.49 billion at December 31, 2025, because some notes matured. Read more

Dividend yield

0.6% (last 12 months, at today’s price of $301.13)

Paid per share

$1.77 in the last 12 months (4 payments)

Current annual rate

$1.88 ($0.47 × 4 a year)

Payout ratio

18% of the last fiscal year’s earnings (the year that ended December 31, 2025)

Latest ex-dividend date

October 5, 2026, $0.47 per share

Dividends per share by year

Over the last 5 years, the dividend grew by about 54.8% a year. Over the last 10 years, the dividend fell by about 8.7% a year.

Source: company filings and market data, read on October 29, 2026. The ex-dividend date is the first day a buyer no longer gets the next payment.