GE Aerospace
Builds aircraft engines and earns most revenue servicing them over decades.
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Profile
Designs, manufactures, and services commercial and military aircraft engines, avionics, power systems, and propellers. Most revenue comes from spare parts, maintenance, repair, overhaul, and long-term agreements tied to a large installed engine base.
Designs, manufactures, and services commercial and military aircraft engines through Commercial Engines & Services and Defense & Propulsion Technologies. The commercial portfolio spans LEAP and CFM56 narrowbody engines and GEnx and GE9X widebody platforms; defense offerings include F110, F414, and T700 engines, alongside avionics, power, propeller, and aircraft systems.
Earns most revenue from aftermarket work on an installed base of about 80,000 engines, selling spare parts, repairs, overhauls, and long-term service agreements alongside new equipment. CFM International, its joint venture with Safran, shares commercial-engine program economics.
Serves airframers, airlines, governments, and military customers worldwide. Results depend on flight activity, engine durability, regulatory certification, government programs, and a specialized global supply chain with some limited- or sole-source suppliers.
Company facts
Key statistics
Year to date +6.8% · Average volume (30d) 3.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Jul 27, 2026 | Deutsche Bank | Reiterate | Buy | $387 | $450 |
| Jul 23, 2026 | Bernstein | Reiterate | Outperform | $225 | $421 |
| Jul 20, 2026 | Wells Fargo | Reiterate | Overweight | $210 | $390 |
| Jul 20, 2026 | Goldman Sachs | Reiterate | Buy | $190 | $410 |
| Jul 17, 2026 | UBS | Reiterate | Buy | $374 | $435 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 16, 2026Q2 FY26 | $1.86 | $2.02 | +8.6% | $11.88B | $12.63B | +6.3% | +0.90% |
| Apr 21, 2026Q1 FY26 | $1.60 | $1.86 | +16.3% | $10.71B | $11.61B | +8.4% | −3.64% |
| Jan 22, 2026Q4 FY25 | $1.43 | $1.57 | +9.8% | $11.25B | $11.87B | +5.5% | −0.38% |
| Oct 21, 2025Q3 FY25 | $1.46 | $1.66 | +13.7% | $10.39B | $12.22B | +17.7% | −2.85% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $9.93B | $11.02B | $12.22B | $12.72B | $12.39B | $13.35B | |
| Gross profit | $3.94B | $4.18B | $4.46B | $4.35B | $4.47B | $4.68B | |
| Operating income | $2.00B | $2.10B | $2.80B | $2.36B | $2.89B | $2.49B | |
| Net income | $1.98B | $2.03B | $2.16B | $2.54B | $1.90B | $2.37B | |
| Diluted EPS | $1.83 | $1.89 | $2.02 | $2.38 | $1.81 | $2.26 | |
| Gross margin | 39.7% | 37.9% | 36.5% | 34.2% | 36.1% | 35.0% | |
| Operating margin | 20.2% | 19.0% | 22.9% | 18.5% | 23.3% | 18.6% |
Fiscal years (4-quarter sums)FY21 $74.26B · FY22 $63.06B · FY23 $51.96B · FY24 $38.70B · FY25 $45.89B
Revenue by product · FY25
Revenue by geography · FY25
Balance sheet, Jun 30, 2026Cash & short-term investments $9.35B · Total debt $19.16B · Total assets $127.67B · Shareholders' equity $17.64B
Dividends
Raised for 6 straight years — most recently to $0.47 from $0.36 in Mar 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jul 6, 2026 | Jul 6 | Jul 27 | $0.47 | |
| Mar 9, 2026 | Mar 9 | Apr 27 | $0.47 | raised from $0.36 |
| Dec 29, 2025 | Dec 29 | Jan 26 | $0.36 | |
| Sep 29, 2025 | Sep 29 | Oct 27 | $0.36 | |
| Jul 7, 2025 | Jul 7 | Jul 25 | $0.36 | |
| Mar 10, 2025 | Mar 10 | Apr 25 | $0.36 | raised from $0.28 |
| Dec 27, 2024 | Dec 27 | Jan 27 | $0.28 | |
| Sep 26, 2024 | Sep 26 | Oct 25 | $0.28 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 1.04B · Float 1.03B · 99.6% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 89.16M | 8.59% | 13F | Aug 7, 2026 |
| Vanguard Capital Management LLC | 68.14M | 6.57% | 13F | Aug 13, 2026 |
| FMR LLC | 49.02M | 4.72% | 13F | Aug 13, 2026 |
| Tci Fund Management Ltd | 47.43M | 4.57% | 13F | Aug 14, 2026 |
| State Street Corp | 46.50M | 4.48% | 13F | Aug 7, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 11, 2026 | Robert M. Giglietti | officer: Vice President | −10,242 | $369.92 |
| Jul 24, 2026 | Mohamed Ali | officer: Senior Vice President | −8,096 | $353.71 |
| Jul 23, 2026 | Riccardo Procacci | officer: Senior Vice President | −1,517 | $347.92 |
| Feb 3, 2026 | Riccardo Procacci | officer: Senior Vice President | −800 | $310.11 |
| Jan 30, 2026 | Robert M. Giglietti | officer: Vice President | −3,035 | $305.51 |
Peers
- RTX
Most direct rival across narrowbody OE, military propulsion, and aftermarket.
- Honeywell Technologies
Largest APU producer; competes in small turbofan/turboprop engines and avionics.
- TransDigm Group
Proprietary PMA parts model directly competes with GE OEM aftermarket revenue.
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| GE Aerospace | $343.00 | +0.11% | $355.45B | 40.4 | 40.7 | 7.0 | +14.6% |
| RTX | $212.00 | +0.13% | $285.33B | 37.3 | 28.8 | 3.1 | +14.5% |
| Honeywell Technologies | $217.85 | +0.18% | $68.91B | 8.4 | 23.7 | 1.9 | −49.9% |
| TransDigm Group | $1,185.97 | +0.05% | $66.34B | 36.0 | 25.4 | 6.6 | +22.6% |
| Median | 36.0 | 25.4 | 3.1 | +14.5% |