$GE · GENERAL ELECTRIC CO

GE Aerospace reported Q3 2026 results with total orders of $19.0B (+49% YoY), adjusted revenue of $13.3B (+18%), and adjusted EPS of $2.25 (+36%). The company raised full-year 2026 guidance across all metrics: adjusted EPS to $8.00–$8.10, operating profit to $10.9–$11.0B, and free cash flow to $9.1–$9.4B. Q3 free cash flow of $2.0B declined 14% YoY, and GAAP profit margin contracted 80 bps to 19.9%.

Extended-hours trading shows GE at $306.00, down 1.70% from the $311.28 regular close, despite broad guidance raises and a 49% orders surge. The decline may reflect the 14% YoY drop in Q3 free cash flow and GAAP profit margin contraction of 80 bps.

GE Aerospace delivered a rare trifecta: 49% orders growth, 36% adjusted EPS growth, and a guidance raise on every major metric — yet the stock slipped in extended hours, signaling elevated investor F.

GE Aerospace's 49% orders growth and LEAP engine deliveries up 26% YTD underscore robust commercial aerospace demand. The CPP acquisition and $3B+ annual R&D investment signal capacity expansion to capture the $170B+ commercial services backlog.

Supply chain constraints remain a headwind; CES margins contracted 10 bps from mix and inflation. GE9X engine revenue recognition is deferred pending midseal certification, creating timing risk. Forward-looking risks include tariff and trade tensions, geopolitical instability, and operational ramp.