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GE · Q2 2026
Archived report (Q2 2026). Latest deep dive →
The quarter in brief
GE Aerospace delivered a strong quarter with revenue up 21% and segment profit up 20%, driven by robust CES aftermarket demand and engine deliveries, though margin compression from Corporate & Other costs, insurance drag and higher interest charges partially offset the top-line strength.
Net Income
$2,370M
up 16.9% y/y
Total Revenue
$13,349M
up 21.1% y/y
Operating Income
$2,703M
up 12.2% y/y
Gross Profit
$4,676M
up 12.8% y/y
All figures in $M.
| Line item | Amount and change |
|---|---|
| Commercial Engines & Services | $9,731 · +27.3% · profit margin 27.3% |
| Defense & Propulsion Tech | $3,443 · +15.6% · profit margin 13.8% |
| Corporate & Other (Insurance & elim.) | $175 · -56.1% |
| Total Revenue | $13,349 · +21.1% |
| Cost of Equipment & Services | $8,673 · +26.4% |
| Gross Profit | $4,676 · +12.8% |
| SG&A | $1,131 · +10.9% |
| R&D | $460 · +28.1% |
| Separation Costs | $34 · -27.7% |
| Insurance Losses & Annuity Costs | $524 · -24.9% |
| Non-Operating Benefit Income* | $177 · -10.2% |
| Operating Income | $2,703 · +12.2% |
| Interest & Other Financial Charges | $215 · +36.1% |
| Other Income | $313 · +5.0% |
| Pre-Tax Income | $2,801 · +17.2% |
| Income Tax | $431 · +11.1% |
| Net Income | $2,370 · +16.9% · Diluted EPS $2.30 (cont. ops) |
Verdict: GE Aerospace delivered a strong quarter with revenue up 21% and segment profit up 20%, driven by robust CES aftermarket demand and engine deliveries, though margin compression from Corporate & Other costs, insurance drag and higher interest charges partially offset the top-line strength.
6M OCF $5,126M (+$1.2B y/y); FCF* $4,685M (6M); repurchased 6.9M shares for $2,012M in Q2; dividends $0.47/share declared; $17,988M remains under $20B buyback authorization.
Source and notation
* marks non-cash / ≈ estimated. Source: General Electric Company (GE Aerospace) press release / 10-Q (SEC EDGAR).
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- Segment reporting changed: CES now includes full commercial engine lifecycle; Aeroderivative moved from CES to DPT, with prior periods recast.
- Insurance revenue ($715M) and run-off insurance costs are consolidated into GAAP totals but excluded from Adjusted revenue/profit non-GAAP metrics.
- GAAP net income from continuing ops ($2,395M) differs from 'Net income attributable to common shareholders' ($2,370M) due to $13M noncontrolling interest and $38M discontinued-ops loss (Bank BPH).
- Adjusted net income* $2,114M and Adjusted EPS* $2.02 (+22%) exclude insurance, tax equity, non-operating pension income, equity-security gains, restructuring and separation costs.
- Effective tax rate fell to 14.5% from 16.2% y/y, aided by OBBBA-related global tax benefits, partially offset by fewer favorable audit resolutions.
- CES revenue +27% and profit +20% on strong internal shop-visit growth (+25%) and engine deliveries (+37%); DPT revenue +16%, profit +18% on defense demand.
What distorts the picture in this report and what to watch beyond the headlines.
GE — General Electric is an industrial company with historical operations in power, renewable energy, aviation, and healthcare technologies.
Headquartered in Boston, Massachusetts, it has evolved through restructuring and spin-offs of its business units.
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