GE Aerospace (GE) — Company Research

Last Updated: 2 August 2026

GE Aerospace is what remains of General Electric after the conglomerate dismantled itself. GE HealthCare separated in January 2023 and GE Vernova in April 2024, leaving a single-industry company that designs, builds and — far more profitably — maintains jet engines. Roughly 70% of revenue now comes from servicing an installed base of about 50,000 commercial and 30,000 military engines. This report sets out what the company reported, what management has guided, and what the raw valuation numbers look like as of August 2026. It contains no analyst opinions, price targets or ratings.

1. Company Snapshot

Field	Value
Legal name	General Electric Company, operating as GE Aerospace
Ticker / exchange	GE / New York Stock Exchange
Headquarters	1 Neumann Way, Evendale, Ohio 45215, USA
Sector / industry	Industrials — aerospace propulsion and aftermarket services
CEO / Leadership	H. Lawrence (Larry) Culp, Jr. — Chairman and Chief Executive Officer. Rahul Ghai — Senior Vice President and Chief Financial Officer
Employees	Approximately 57,000 at 31 December 2025, of whom approximately 30,000 are in the United States
Revenue (FY2025, GAAP)	$45,855m, up 18% year on year
Net income (FY2025)	$8,698m total; $8,595m from continuing operations
Adjusted net income (FY2025)	$6,812m, equal to adjusted EPS of $6.37
Share price	$360.07 at the close on 31 July 2026
Market cap	Approximately $373.6bn (2 August 2026)
Dividend	$0.47 per share per quarter, $1.88 annualised, yield approximately 0.52%
Shares outstanding	1,037,562,513 at 30 June 2026
Corporate status	Pure-play aerospace company since 2 April 2024, following the GE Vernova spin-off
Credit ratings	Moody's A3 (upgraded February 2025); S&P A- (upgraded March 2025)

2. Bull and Bear Case

Bull Case

• An installed base that pays for decades: GE's own 10-K states the position plainly — approximately 50,000 commercial and 30,000 military engines in service supporting an aftermarket that is roughly 70% of revenue. Engines are sold thin and serviced fat for twenty to forty years.
• The ramp is delivering and guidance keeps going up: FY2026 adjusted EPS guidance has moved from $7.10–$7.40 in January to $7.65–$7.85 in July, free cash flow guidance from $8.0–$8.4bn to $8.9–$9.2bn, and adjusted revenue growth from low-double-digit to high-teens. Q2 2026 revenue rose 21% and free cash flow 43%.
• Backlog gives multi-year visibility: remaining performance obligations reached $190.6bn at end-2025, of which $163.0bn is services, and management cited a backlog above $210bn with the Q2 2026 results. Long-term service agreements represent roughly $174bn of estimated life-of-contract billings and are on average only about 19% complete by cost incurred.
• Capital returns have stepped up sharply: the board authorised a new $20bn repurchase programme in December 2025, GE bought back $7,551m of stock in FY2025 and a further $2,012m in Q2 2026 alone, and the quarterly dividend rose 31% to $0.47 in February 2026.
• Defence and next-generation propulsion are free options: the XA102 adaptive cycle engine cleared its Assembly Readiness Review on 11 May 2026 with the USAF NGAP ceiling raised to $3.5bn, and GE flew the world's first hybrid-electric flight above 30,000 feet on 20 July 2026 with NASA, BETA Technologies and Boeing.

Bear Case

• The valuation assumes no interruption: approximately 42x trailing GAAP earnings, approximately 51x trailing adjusted earnings, approximately 46x guided FY2026 adjusted EPS, 21x book value and a 0.52% dividend yield. There is very little margin for a stumble in the price.
• Growth is currently margin-dilutive: Q2 2026 operating margin fell 130 basis points to 21.7% and Commercial Engines and Services margin fell 160 basis points to 27.3%, even on 27% segment revenue growth, driven by install engine growth including the GE9X, investment and inflation. Q1 2026 GAAP profit actually fell 2%.
• Supply chain is the binding constraint, and GE is funding its own suppliers: more than $100m of the 2026 $1bn US manufacturing investment goes directly into external supplier tooling and equipment to stabilise production schedules. The 10-K states supply chain shortfalls "continue to pose challenges and risks."
• Aftermarket revenue is levered to flight hours: GE's own guidance assumes only flat to low-single-digit departures growth in 2026, elevated Brent crude, a near-term fuel availability impact and reduced global GDP estimates — and explicitly does not assume a recession. Roughly 70% of revenue keys off aircraft actually flying.
• Insiders have been sellers only: every recorded 2026 Form 4 open-market transaction by a GE officer has been a sale or an option exercise-and-sell, including 30,363 shares by Russell Stokes on 30 January 2026 and 8,096 shares by Mohamed Ali on 24 July 2026. There have been no open-market insider purchases in 2026.

3. Business Segments

GE Aerospace reported two segments in FY2025. A recast announced on 15 January 2026 expanded Commercial Engines and Services to cover the entire commercial engine lifecycle and moved the aeroderivative business into Defense and Propulsion Technologies; on the restated 2025 base the split becomes approximately $31.9bn and $12.2bn respectively.

Segment	% of revenue	What it is
Commercial Engines & Services (CES) — FY2025 revenue $33,314m, operating profit $8,861m	72.7%	Commercial jet engines and the aftermarket that follows them. Equipment revenue was $8,304m and services revenue $25,010m, so services are roughly 75% of the segment. Includes engines sold through CFM International, the 50/50 joint venture with Safran Aircraft Engines, plus GEnx, GE9X, GE90 and CF34 families. Customers are Boeing, Airbus, airlines, lessors and third-party maintenance shops.
Defense & Propulsion Technologies (DPT) — FY2025 revenue $10,554m, operating profit $1,296m	23.0%	Military engines (F110, F404, F414, T408, T700, T901, LM2500 marine family) together with avionics, electrical power and software systems. Also houses Propulsion and Additive Technologies — Avio Aero in Italy, Colibrium Additive metal 3-D printing, turboprops and business and regional engines.
Corporate, run-off insurance and eliminations — insurance revenue $3,533m less roughly $1.8bn of eliminations	4.3%	The legacy financial-services tail. A run-off insurance portfolio (ERAC) carries $36.9bn of insurance liabilities and annuity benefits against $38.8bn of investment securities. This revenue is excluded from every non-GAAP measure GE reports.

4. Business Model and Moat

How it makes money. The economics are razor-and-blade, and the FY2025 income statement shows it without interpretation. Cost of equipment sold of $12,382m exceeded equipment revenue of $12,159m — GE lost money at the gross line on the engines themselves. Services revenue of $30,163m against cost of services sold of $16,586m produced roughly a 45% gross margin. The engine is the entry ticket; the shop visits and spare parts over the following two to four decades are the business.

Why the installed base is defensible. An engine is certified to an airframe. Once an airline has selected a powerplant, the maintenance, tooling, spares inventory, technician training and long-term service agreement all follow, and switching means re-engining an aircraft. GE delivered 2,386 commercial engines in FY2025 including 1,802 LEAP units, up from 1,911 and 1,407 in FY2024, and total engine deliveries rose 31% in the first half of 2026 with LEAP deliveries up 41%. Every unit shipped extends the annuity.

The CFM structure. The narrowbody franchise runs through CFM International, a 50/50 non-consolidated joint venture with Safran Aircraft Engines producing the CFM56 and LEAP families. This gives GE scale on the highest-volume engine programme in the world while sharing development cost, but it also means GE's most important commercial product line is governed jointly rather than controlled outright.

Evidence of pricing power, and its limits. Spare-parts revenue grew more than 25% year on year in each of the last four reported quarters, with internal shop-visit revenue up 30%, 35% and 25% in Q4 2025, Q1 2026 and Q2 2026 — volume and price together, not volume alone. Against that, CFM renewed its agreement with IATA affirming an open aftermarket for CFM56 and LEAP, and at Farnborough 2026 committed more than $1bn from GE and more than EUR 1bn from Safran over five years to the independent maintenance ecosystem. That is a deliberate concession that caps some pricing power in exchange for defusing antitrust pressure.

For live price action on GE and its peer group, see the ChartsView Live Charts page.

5. Financial Health

All figures below are taken from GE Aerospace quarterly earnings releases, the FY2025 Form 10-K filed on 29 January 2026, the Q2 2026 Form 10-Q, and SEC XBRL company facts for CIK 0000040545.

An important comparability warning. GE separated GE HealthCare on 3 January 2023 and GE Vernova on 2 April 2024. GE has restated FY2022 through FY2025 onto a GE Aerospace continuing-operations basis. FY2021 has never been restated to that basis — the FY2021 figures as filed describe a conglomerate that included HealthCare, Power and Renewables and are not comparable to anything below them in the table.

Fiscal Year	Revenue ($m)	YoY %	GAAP EPS	Adjusted EPS	Dividend/share	Long-term debt (YE)
FY2021	n/a — not comparable†	n/a	n/a — not comparable†	n/a — never published‡	$0.32	$30,824m
FY2022	$29,139m	n/a — no restated FY2021 base	$0.97	n/a — never published‡	$0.32	$20,320m
FY2023	$35,348m	+21.3%	$8.33	$2.95	$0.32	$19,417m
FY2024	$38,702m	+9.5%	$6.09	$4.60	$1.12	$17,234m
FY2025	$45,855m	+18.5%	$8.05	$6.37	$1.44	$18,808m

† FY2021 as filed showed revenue of $74,196m and a GAAP diluted loss, but that was the whole conglomerate including businesses since separated. GE has never republished FY2021 on a GE Aerospace continuing-operations basis. FY2021 and FY2022 long-term borrowings likewise include debt of businesses subsequently spun off.

‡ GE's earliest published adjusted EPS on the standalone aerospace basis is FY2023 at $2.95, disclosed in the Q4 2024 earnings release. No adjusted EPS exists for FY2021 or FY2022 on this basis.

Supporting balance sheet detail: total shareholders' equity fell from $40,310m at FY2021 to $18,677m at FY2025 as the spin-offs removed net assets and buybacks accelerated. Weighted-average diluted shares fell from 1,098m to 1,068m over the same period. Short-term borrowings were $2,039m at FY2024 and $1,686m at FY2025.

Quarter / Half	Revenue	Adjusted EPS	GAAP EPS
Q2 2026 (to 30 Jun 2026)	$13,349m, +21%	$2.02, +22%	$2.30, +23%
Q1 2026 (to 31 Mar 2026)	$12,392m, +25%	$1.86, +25%	$1.83, broadly flat
Q4 2025 (to 31 Dec 2025)	$12,717m, +18%	$1.57, +19%	$2.31, +32%
Q3 2025 (to 30 Sep 2025)	$12,181m, +24%	$1.66, +44%	$2.04, +31%
FY2025 total	$45,855m, +18%	$6.37, +38%	$8.05, +32%

Cash generation, FY2025: cash from operating activities of $8,543m from continuing operations, gross additions to property, plant, equipment and internal-use software of $1,273m, depreciation of PP&E of $863m and amortisation of intangibles of $357m for total depreciation and amortisation of $1,220m. GE's own free cash flow measure, which adds back separation and restructuring cash costs and disposition proceeds, was $7,694m at 113% conversion of adjusted net income. On the simple operating cash flow less capital expenditure basis the figure is $7,270m. Trailing twelve months to Q2 2026, operating cash flow was $9,778m and GE-defined free cash flow $8,807m.

Balance sheet at 30 June 2026: cash, cash equivalents and restricted cash of $9,345m, short-term borrowings of $2,000m, long-term borrowings of $17,157m for total borrowings of approximately $19.2bn, total assets of $127,672m and total shareholders' equity of $17,640m. The $37.9bn of non-current investment securities backs the run-off insurance liabilities and is not corporate liquidity — it should not be netted against debt.

6. Valuation Metrics

Raw metrics, August 2026. Not opinions on whether the stock is cheap or expensive.

Metric	Value
Market cap	Approximately $373.6bn at the close of 31 July 2026, on 1,037,562,513 shares at $360.07
Enterprise value	Approximately $383.5bn (market cap $373.6bn + total borrowings $19.2bn − cash and equivalents $9.3bn, per the 30 June 2026 balance sheet). Non-current investment securities of $37.9bn are excluded because they back run-off insurance liabilities of $36.2bn
Trailing P/E (GAAP)	Approximately 42.5x on trailing twelve month GAAP continuing EPS of $8.48 ($2.04 + $2.31 + $1.83 + $2.30)
P/E (forward)	Approximately 46.5x on the midpoint of management's FY2026 adjusted EPS guidance of $7.65–$7.85. On trailing adjusted EPS of $7.11 the multiple is approximately 50.6x
P/S (TTM)	Approximately 7.4x on trailing twelve month GAAP revenue of $50,639m. On trailing adjusted revenue of $47,418m, which excludes run-off insurance, approximately 7.9x
EV/EBITDA (TTM)	Approximately 35x (EV approximately $383.5bn / EBITDA approximately $11.07bn; EBITDA = trailing twelve month non-GAAP operating profit of $9,846m + FY2025 depreciation and amortisation of $1,220m used as the run-rate proxy, since GE does not disclose quarterly D&A separately)
P/FCF	Approximately 42x (market cap approximately $373.6bn / trailing twelve month free cash flow approximately $8.81bn as GE defines it). On the simple operating cash flow less capital expenditure basis for FY2025, $8,543m − $1,273m = $7,270m, the multiple is approximately 51x
52-week high	$382.97
52-week low	$263.80
Short interest (% of float)	1.34% of float, 14.25m shares short (MarketBeat, July 2026 settlement). Cross-check: 14.90m shares, 1.44% of float
Days to cover	2.6 days on a 4.07m average daily volume. Cross-check short ratio of 3.0
Price/book	Approximately 21.2x on total shareholders' equity of $17,640m at 30 June 2026
Dividend yield	Approximately 0.52% on $1.88 annualised

7. What Are They Building

Research and development spending reached $1,580m in FY2025, up 23% from $1,286m in FY2024, and $900m in the first half of 2026 against $718m a year earlier. GE notes that total engineering investment including partner-funded and customer-funded work exceeds the GAAP line, because CFM programme spend sits outside it.

CFM RISE open fan. RISE is a technology demonstrator programme rather than a product for sale. As of Farnborough on 24 July 2026 the programme had completed roughly 500 test campaigns and more than 3,000 endurance cycles, and Airbus and CFM revealed the livery for the A380 flight-test demonstrator aircraft, with open fan flight testing expected later this decade. Singapore was established in Q1 2026 as the first airport testbed for open fan integration.

Hybrid-electric. GE completed first ground tests of a megawatt-class hybrid-electric engine system under NASA's Electrified Powertrain Flight Demonstration project, and on 20 July 2026 flew the world's first hybrid-electric flight above 30,000 feet with NASA, BETA Technologies and Boeing. GE took an equity stake in BETA Technologies in Q3 2025 and unveiled the MV250 autonomous hybrid-electric VTOL for contested military logistics with BETA at Farnborough 2026.

Defence propulsion. The XA102 adaptive cycle engine cleared its Assembly Readiness Review on 11 May 2026 for the USAF Next Generation Adaptive Propulsion programme, with contract ceilings for GE and Pratt raised to $3.5bn each. GE also secured a USAF contract in Q2 2026 to mature the GE426 through preliminary design review for an autonomous collaborative platform, completed altitude testing of the GEK800, and won a contract to design the GEK1500 for small collaborative combat aircraft with Kratos.

Durability, which is the commercial swing factor. The LEAP-1B high-pressure-turbine durability kit was certified by both the FAA and EASA in July 2026, designed to roughly double time-on-wing in hot and harsh environments, with full production cutover expected at the beginning of 2027. Initial engine-level certification of the LEAP-1B reverse bleed system was also secured.

Capacity. GE invested $1bn in US manufacturing in 2025 and hired 5,000 US workers, and announced a second consecutive $1bn US investment for 2026 across more than 30 communities in 17 states with a further 5,000 hires. More than $1bn is going into the global maintenance network, including $500m specifically to expand LEAP overhaul capacity in Brazil, Malaysia, Dubai and Dallas.

8. Competitive Landscape

Market capitalisations below were re-checked live on 2 August 2026. GE's own 10-K claims only "the industry's largest and growing commercial propulsion fleet"; specific market-share percentages circulating in trade press are third-party estimates rather than company-filed data and are not reproduced here as fact.

Peer	Market cap (August 2026)	Key 2025/2026 metric
RTX Corporation (NYSE: RTX)	Approximately $290.1bn at $215.22	Trailing twelve month revenue of $93.5bn and a trailing P/E of 37.9x. Owns Pratt & Whitney, whose geared turbofan is the direct alternative to LEAP on the A320neo, with an installed base reported above 2,800 engines
Safran SA (Euronext Paris: SAF)	Approximately EUR 140.2bn at EUR 338.40	Trailing twelve month revenue of EUR 33.57bn and a trailing P/E of 36.3x. GE's 50/50 partner in CFM International — a competitor and a partner at the same time
Rolls-Royce Holdings plc (LSE: RR)	Approximately GBP 121.3bn at 1,467.8p	Trailing twelve month revenue of GBP 23.16bn and a trailing P/E of 40.8x. The Trent widebody family competes directly with GEnx and GE9X
Howmet Aerospace (NYSE: HWM)	Approximately $112.9bn at $282.26	Trailing twelve month revenue of $8.62bn and a trailing P/E of 65.3x. Supplies engine airfoils, blades and fasteners to GE — both a supplier and a read-through on the castings and forgings capacity that constrains the industry ramp
MTU Aero Engines AG (Xetra: MTX)	Approximately EUR 19.5bn at EUR 361.80	Trailing twelve month revenue of EUR 9.23bn and a trailing P/E of 21.0x. Geared turbofan risk-and-revenue-sharing partner and a European maintenance competitor
Honeywell International (NASDAQ: HON)	Approximately $77.0bn at $243.05	Trailing twelve month revenue of $38.06bn. The trailing P/E of 9.3x is distorted by the ongoing separation into three companies and should not be read as a like-for-like comparison

9. Insider Activity

Chairman and Chief Executive Officer Larry Culp has not filed an open-market sale in the period reviewed. Every recorded 2026 Form 4 open-market transaction by a GE officer has been a sale or an option exercise followed by a sale. There have been no open-market insider purchases of GE stock in 2026. Transactions below are from SEC Form 4 filings as aggregated by OpenInsider and retrieved on 2 August 2026.

Name	Date	Type	Shares	Price	Value	Plan Type
Mohamed Ali, SVP and CEO Commercial Engines & Services	24 Jul 2026	Option exercise and sale	8,096	$353.71 average	$2,863,613	Not disclosed in filing summary
Riccardo Procacci, Senior Vice President	23 Jul 2026	Option exercise and sale	1,517	$347.92 average	$527,795	Not disclosed in filing summary
Riccardo Procacci, Senior Vice President	3 Feb 2026	Sale	800	$310.11	$248,088	Not disclosed in filing summary
Amy L. Gowder, Senior Vice President	2 Feb 2026	Sale	4,000	$305.73	$1,222,920	Not disclosed in filing summary
Russell Stokes, Senior Vice President	30 Jan 2026	Option exercise and sale	30,363	$306.48	$9,305,490	Not disclosed in filing summary
Robert M. Giglietti, Vice President	30 Jan 2026	Option exercise and sale	3,035	$305.51	$927,235	Not disclosed in filing summary

Whether these transactions were executed under Rule 10b5-1 plans is not disclosed in the filing summaries retrieved, and no assertion either way is made here. The largest sale, by Russell Stokes on 30 January 2026, followed the announcement of his retirement on 15 January 2026. Set against officer selling, the company itself repurchased 6.888m shares for $2,012m in Q2 2026 at an average of $292.17, 7.2m shares for $2.2bn in Q1 2026, and $7,551m of stock across FY2025.

10. Key Risks

• Supply chain constraint: castings, forgings and structural parts remain the binding limit on the ramp. GE's 10-K states that supply chain capacity shortfalls and disruptions "continue to pose challenges and risks." Material input from priority suppliers rose more than 40% in 2025 but only double digits sequentially in the first half of 2026, and GE is having to fund supplier tooling directly to hold delivery schedules.
• Margin compression during the ramp: Q2 2026 operating margin fell 130 basis points to 21.7% and Commercial Engines and Services margin fell 160 basis points to 27.3% despite 27% segment revenue growth, driven by install engine growth including the GE9X, investment and inflation. Q1 2026 GAAP profit fell 2% year on year and GAAP margin fell 490 basis points.
• Airline demand cyclicality: roughly 70% of revenue is aftermarket and therefore levered to flight hours. Departures grew only 3% in 2025 and GE's 2026 guidance assumes flat to low-single-digit departures growth, elevated Brent crude through Q3, a near-term fuel availability impact and reduced global GDP estimates. Guidance explicitly does not assume a recession.
• Durability and certification execution: the LEAP-1B high-pressure-turbine durability kit was only certified in July 2026, with full production cutover not until the beginning of 2027 — the fix for hot-and-harsh time-on-wing is still ahead of GE, not behind it. The 10-K risk language covers actual or potential safety, quality, design, production, performance and durability issues, and related costs and reputational effects.
• Competition on both ends of the portfolio: the 10-K concedes that "depending on the aircraft model, airline customers may have a choice between our engines and those of other manufacturers." Pratt & Whitney's geared turbofan competes on the A320neo and Rolls-Royce on widebody. On next-generation defence propulsion, GE's XA102 is racing Pratt's XA103 for the same award with both ceilings at $3.5bn.
• Tariffs and trade policy: the 10-K notes tariffs "will result in additional cost for us and our suppliers." A zero-for-zero aerospace tariff agreement with the EU, UK, Japan and Korea was established in late 2025, but GE is still monitoring the environment including pending Supreme Court rulings on tariff authority. GE took a tariff charge in Q1 2025 and reversed roughly $100m of it in Q1 2026, which shows how volatile the line is.
• Legacy financial-services tail: $36.9bn of insurance liabilities and annuity benefits sit on the balance sheet alongside a Polish mortgage portfolio in discontinued operations. GE lists potential capital or liquidity needs associated with run-off insurance or Bank BPH as a standing risk, and the $3,533m of FY2025 insurance revenue is excluded from every non-GAAP measure, creating a permanent GAAP-to-adjusted wedge.
• GAAP earnings volatility from an unlisted equity stake: GE cannot reconcile its FY2026 GAAP guidance partly because of the timing and magnitude of the mark-to-market on its BETA Technologies investment. Q1 2026 already carried a $309m pre-tax loss on retained and sold ownership interests and other equity securities, which is what turned GAAP profit negative year on year in that quarter.
• Valuation risk: at roughly 42x trailing GAAP earnings, 51x trailing adjusted earnings, 46x guided FY2026 adjusted earnings, 21x book and a 0.52% yield, the shares are priced for an uninterrupted ramp. Any deceleration in shop visits, spare parts pricing or engine deliveries removes the support for that multiple.

11. Recent Developments

• 21 Oct 2025 — Q3 2025 results and a guidance raise. Revenue of $12.18bn up 24%, adjusted EPS of $1.66 up 44% and free cash flow of $2.36bn up 30%. FY2025 adjusted EPS guidance lifted to $6.00–$6.20 from $5.60–$5.80. GE also announced a partnership and investment in BETA Technologies and completed its first supersonic in-flight test campaign.
• 19 Nov 2025 — Dubai Airshow order haul. More than 500 engine wins including a Riyadh Air commitment for 120 LEAP-1A engines and flydubai for 60 GEnx, alongside the launch of first ground tests of a hybrid-electric demonstrator.
• 15 Jan 2026 — Reorganisation and executive changes. Mohamed Ali was named President and CEO of an expanded Commercial Engines and Services absorbing Technology and Operations; Jason Tonich was named Chief Commercial Sales and Customer Officer; Russell Stokes announced his retirement effective July 2026; the aeroderivative business moved from CES into Defense and Propulsion Technologies.
• 22 Jan 2026 — Q4 and FY2025 results. Full-year revenue of $45.86bn up 18%, adjusted EPS of $6.37 up 38%, free cash flow of $7.69bn up 24% at 113% conversion, orders of $66.2bn up 32% and backlog of approximately $190bn. FY2026 guidance initiated at operating profit of $9.85–$10.25bn, adjusted EPS of $7.10–$7.40 and free cash flow of $8.0–$8.4bn.
• 6 Feb 2026 — Dividend raised 31%. The quarterly dividend went to $0.47 per share from $0.36, payable 27 April 2026 with a record date of 9 March 2026.
• 21 Apr 2026 — Q1 2026 results and record orders. Orders rose 87% to $23.0bn, revenue $12.39bn up 25%, adjusted EPS $1.86 up 25%. Guidance was held but described as trending toward the high end. Announced more than 650 engine commitments including American Airlines for over 300 LEAP-1A, United for 300 GEnx, Delta for 60 GEnx, and a fleet-wide materials agreement with Ryanair covering roughly 2,000 CFM56 and LEAP engines. A second consecutive $1bn US manufacturing investment was announced.
• 11 May 2026 — XA102 milestone. The adaptive cycle engine cleared its Assembly Readiness Review for the US Air Force Next Generation Adaptive Propulsion programme, validating design, manufacturing and supply chain readiness.
• 16 Jul 2026 — Q2 2026 results and a full guidance raise. Revenue of $13.35bn up 21%, adjusted revenue $12.63bn up 24%, adjusted EPS $2.02 up 22%, GAAP continuing EPS $2.30 up 23%, free cash flow $3.03bn up 43% and orders $16.5bn up 17%. FY2026 adjusted EPS guidance raised to $7.65–$7.85, operating profit to $10.55–$10.75bn and free cash flow to $8.9–$9.2bn. Backlog cited at over $210bn.
• 20 Jul 2026 — Record LEAP order and a hybrid-electric first. IndiGo and CFM signed a memorandum of understanding for more than 1,000 LEAP-1A engines to power 510 Airbus A320neo family aircraft, the largest single LEAP order ever. On the same day GE flew the world's first hybrid-electric flight above 30,000 feet with NASA, BETA Technologies and Boeing.
• 24 Jul 2026 — Farnborough Airshow wrap. Commitments for approximately 1,800 engines. The FAA and EASA both certified the LEAP-1B high-pressure-turbine durability kit; initial certification of the LEAP-1B reverse bleed system was secured; CFM RISE reached roughly 500 test campaigns and 3,000-plus endurance cycles with the A380 demonstrator livery revealed; Philippine Airlines selected GEnx-1B for 15 787-10s; Jet2 selected LEAP-1A for 54 A321neos; the GEnx-1B passed 50 million flight hours in just over 14 years.

12. Key Dates to Watch

• Expected 20 Oct 2026 — Q3 2026 results. GE's own investor relations events page had not posted a confirmed webcast listing as of 2 August 2026, so treat this as expected rather than confirmed
• Expected Sep 2026 — next quarterly dividend declaration, based on GE's recent February, June and December declaration cadence, with payment expected in late October 2026
• Expected Jan 2027 — Q4 and FY2026 results, together with initial FY2027 guidance. FY2025 was reported on 22 January 2026
• Expected early 2027 — full production cutover of the LEAP-1B high-pressure-turbine durability kit, the fix intended to roughly double time-on-wing in hot and harsh environments
• Expected 2026 — next-phase award decision on the US Air Force Next Generation Adaptive Propulsion programme, for which GE's XA102 competes against Pratt & Whitney's XA103
• Expected May 2027 — 2027 Annual Meeting of Shareholders. The 2026 meeting was held online on 5 May 2026
• 25 Jun 2026 — most recent dividend of $0.47 per share declared, with a record date of 6 July 2026 and payment made on 27 July 2026
• 16 Jul 2026 — Q2 2026 results, the most recent reported period and the point at which FY2026 guidance was raised across every metric

No standalone investor day has been announced for 2026. GE ran a Defense and Propulsion Technologies Showcase on 19 May 2026 and management presented at the Bernstein Strategic Decisions Conference on 27 May 2026. Open fan flight testing on the A380 demonstrator is guided only to "later this decade" with no specific date. To track scheduled macro releases alongside company events, see the ChartsView Economic Calendar, and to discuss this report with other members visit the ChartsView Forum.

---

Disclaimer: This research is produced by ChartsView for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any security. All information is sourced from publicly available company filings, press releases, and official data. ChartsView does not use analyst opinions or third-party ratings. Always conduct your own due diligence and consider your personal financial situation before making investment decisions. Past performance is not indicative of future results.