Start 30 days free, no card. Full Pro access for a month, then decide. Start free
Loading
Material event since the last analyzed call: Agreed to acquire Consolidated Precision Products for $11.75 billion in cash (Sep 8, 2026). See corporate events below.
Top analysts & firms
All analyzed callsNot limited to the selected quarter · analysts and firms with 2 or more questions
What does “challenging” mean?
Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
Most active analysts
Analyst
Firm
Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
Filed after the FY2026 Q1 call day (Apr 21, 2026) through the next call day (Jul 16, 2026)From SEC 8-K filings
No 8-K events recorded for this window.
Pre-Earnings Brief
Reporting soon: earnings call Tuesday, Oct 20
A pre-earnings brief is ready for GE: the setup, what peers and partners said this season, and which analysts to watch.Reading it is a Tellvest Pro feature.
Analyst challenge ratePercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. · all analyzed quarters
9%
Share price · trailing year
daily closes, last 12 months — not scoped to the selected quarter · dots mark earnings calls, colored by that quarter’s score
GE $307.631Y +2.5%YTD -0.1%● earnings calls (score)
Sources.Tellvest earnings-call sentiment score for GE Aerospace (GE), FY2026 Q1: 7/10. Scores: GE Aerospace’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: GE daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
Quarter in detail
· FY2026 Q1
Macro Signals
↓Oil Energy↑CAPEX↑Enterprise Spending
Revenue surged 29% with EPS of $1.86 up 25% as CES grew 34% on exceptional commercial services demand and spare parts revenue. Backlog exceeded $210 billion on major customer wins, and defense output rose 83% for the second consecutive quarter. Management maintained full-year guidance while noting results were trending toward the high end, though Middle East conflict reduced the departures outlook and compressed the margin picture through OE mix.
Key Themes7
positive📊 company
Exceptional Commercial Services Growth
CES services revenue grew 39% with internal shop visit revenue up 35%, LEAP internal shop visits up over 50%, and spare parts sales up over 25% from improved material availability.
Key financials
FY2026 Q1 selectedReported GAAP figures from SEC filings
The table scrolls sideways. Swipe it, or select it and use the arrow keys.
Quarter
Revenue
Rev YoY
EPS
EPS YoY
Gross margin
Op margin
Net margin
FCF
FY2024 Q4
$10.81B
-44.3%
$1.75
+20.7%
37.5%
24.1%
17.6%
$1.03B
FY2025 Q1
$9.93B
+10.9%
$1.83
+30.7%
39.7%
20.2%
19.9%
$1.30B
FY2025 Q2
$11.02B
+21.2%
$1.89
+64.3%
37.9%
19.0%
18.4%
$1.92B
FY2025 Q3
$12.22B
+24.2%
$2.02
+19.5%
36.5%
22.9%
17.6%
$2.25B
FY2025 Q4
$12.72B
+17.6%
$2.38
+36.0%
34.2%
18.5%
20.0%
$1.79B
FY2026 Q1Selected
$12.39B
+24.7%
$1.81
-1.1%
36.1%
23.3%
15.4%
$1.49B
FY2026 Q2
$13.35B
+21.1%
$2.26
+19.6%
35.0%
17.8%
17.8%
$-1.95B
As stated by management
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
EPS
“EPS was $1.86, up 25% from increased operating profit, a lower tax rate, and a reduced share count”
Revenue
“Revenue increased 29%, with CES up 34% while DPT was up 19%”
Quarter
company-level, not the selected quarter
GAAP revenue YoY +24.7% → base 8. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
▸How this score was built
Base8Base 8GAAP revenue YoY +24.7% → base 8. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.+Transcript0Transcript 0GAAP revenue is clean, no distortion. GAAP revenue +24.74% vs management non-GAAP +29% reflects standard GAAP-to-adjusted differences; no structural sector mismatch for aerospace.+EPS-1EPS -1GAAP EPS YoY -1.09% (spread vs rev: -25.83 percentage points) and GAAP operating income YoY -15.23% (spread: -39.97 percentage points) both severely distorted, GE Aerospace presents on non-GAAP basis; GAAP includes restructuring, environmental, and spin-related charges. Management adjusted EPS +25% YoY ($1.86 vs $1.49 prior), adjusted operating profit +18%. Adjusted EPS spread: 25.0 - 24.74 = +0.26 percentage points (inside ±5 percentage points → 0). Adjusted operating income spread: 18.0 - 24.74 = -6.74 percentage points (outside -5 percentage points → -1). Adjusted EPS (inside) disagrees with adjusted OI (outside), OI wins. Margin compression is real: CES margins -230bp from installed engine growth mix and investments, total margins -200bp to 21.8%. EPS boosted above OI by lower tax rate (-3 percentage points to 14.7%) and reduced share count (-24M shares).+Guidance0Guidance 0Full-year guidance maintained across the board: EPS $7.10-$7.40, profit $9.85B-$10.25B, FCF $8B-$8.4B, revenue low double-digit growth. Trending toward high end given strong Q1 but range unchanged. Services revenue growth raised from ~$3.5B to ~$4B within maintained total-company range.=Final7
How this score was built
Base8Base 8GAAP revenue YoY +24.7% → base 8. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.+Transcript0Transcript 0GAAP revenue is clean, no distortion. GAAP revenue +24.74% vs management non-GAAP +29% reflects standard GAAP-to-adjusted differences; no structural sector mismatch for aerospace.+
381.22
273.25
9
9
7
Oct 25Oct 26
Revenue GrowthDemand
positive📊 company
Strong Engine Delivery Ramp
Total engine deliveries increased 43%, with LEAP up 63% and widebody deliveries up over 25% driven by GE9X. Equipment revenue grew 20%.
DemandSupply Chain
positive📊 company
Record Defense Orders And Execution
DPT orders grew 67% with defense book-to-bill above 2 for the second consecutive quarter. Awarded $1.4 billion T408 contract for CH-$53K. Defense deliveries up 24%.
Revenue GrowthDemand
negative📊 company
OE Mix And Investment Compress Margins
Total company margins decreased 200 basis points to 21.8% from installed engine growth outpacing spare engines, investments, and inflation. CES margins down 230 basis points to 26.4%.
MarginCost Pressure
negative🌍 macro
Middle East Conflict Reduces Departures Outlook
Full-year departures outlook cut from mid-single-digit growth to flat to low single-digit growth, including a low double-digit decline in the Middle East which represents roughly 5% of departures.
Macroeconomic
mixed📊 company
Spare Parts Demand-Supply Imbalance Persists
Spare parts delinquency up roughly 70% since 2024 as demand continues to exceed supply despite over 25% revenue growth over the last five quarters. More than 95% of Q2 spare parts revenue already in backlog.
Supply ChainDemand
positive📊 company
Major Customer Wins Drive Backlog Above $210 Billion
Backlog exceeds $210 billion. Won over 650 commercial engines in Q1 including American 300+ LEAP-1A, United 300 GE9X, and Delta 60 GE9X. Signed Ryanair agreement covering approximately 2,000 engines.
it sounds like you ultimately do expect an impact on services growth from your lower departures growth forecast, but maybe it sounds like you are thinking more so in 2027
an airline that is in difficult financial straits and cannot do an overhaul versus simply reductions in flying hours that could take some dollars out of LTSAs
Boeing flagged a fatigue issue with the engine, so just curious if you could provide an update on that. Is there any change to the expectations you had for losses
services up 39% in Q1—great quarter both on shop visits and spare parts—and Q2 expected to be up high teens, implying only mid- to high-single digits in the second half
“we are maintaining our guidance across the board”
Key metric
“Free cash flow was $1.7 billion, up 14%, largely driven by higher earnings”
EPS
-1
EPS -1GAAP EPS YoY -1.09% (spread vs rev: -25.83 percentage points) and GAAP operating income YoY -15.23% (spread: -39.97 percentage points) both severely distorted, GE Aerospace presents on non-GAAP basis; GAAP includes restructuring, environmental, and spin-related charges. Management adjusted EPS +25% YoY ($1.86 vs $1.49 prior), adjusted operating profit +18%. Adjusted EPS spread: 25.0 - 24.74 = +0.26 percentage points (inside ±5 percentage points → 0). Adjusted operating income spread: 18.0 - 24.74 = -6.74 percentage points (outside -5 percentage points → -1). Adjusted EPS (inside) disagrees with adjusted OI (outside), OI wins. Margin compression is real: CES margins -230bp from installed engine growth mix and investments, total margins -200bp to 21.8%. EPS boosted above OI by lower tax rate (-3 percentage points to 14.7%) and reduced share count (-24M shares).
+
Guidance0Guidance 0Full-year guidance maintained across the board: EPS $7.10-$7.40, profit $9.85B-$10.25B, FCF $8B-$8.4B, revenue low double-digit growth. Trending toward high end given strong Q1 but range unchanged. Services revenue growth raised from ~$3.5B to ~$4B within maintained total-company range.
=
Final7
Mentions14
What GE and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“Finally, on 777X, Kelly highlighted TIA 4a approval as well as progress made with GE on a solution for the engine durability issue we highlighted last quarter”
GE, the 777X engine supplier, identified root cause of a durability issue and is finalizing a fix/modification required before delivery.
“GE Aerospace deepened their partnership with Palantir Technologies Inc. last quarter to deploy agentic AI-powered solutions across their production system and military aviation supply chain, with a shared mission of ensuring that more aircraft remain available to train America's next generation of U.S. Air Force pilots.”
GE Aerospace expanded its Palantir partnership, deploying agentic AI across its production system and military aviation supply chain after a 26% engine-performance gain.
Companies GE discussed
11 mentions
Beta Technologiesnot trackedFY2026 Q1Partner
“We also recently completed a preliminary design review on a hybrid-electric turbogenerator engine system for Beta Technologies’ MB250 VTOL autonomous aircraft.”
GE completed a preliminary design review on a hybrid-electric turbogenerator system for Beta Technologies' MB250 VTOL aircraft.
Shield AInot trackedFY2026 Q1Partner
“We are making progress with high-end CCAs through our partnership with Shield AI for the X-PAT Vehicle program, pairing our propulsion development, testing, and certification expertise with their autonomous aircraft capabilities to accelerate delivery of mission-ready capabilities.”
GE is partnering with Shield AI on the X-PAT Vehicle program, pairing GE propulsion with Shield AI autonomy for high-end CCAs.
Kratosnot tracked
FY2026 Q1
Partner
“This included an award from the U.S. Air Force to complete an initial design concept of the GEK 1,500 in partnership with Kratos, with potential applications across unmanned aerial systems, collaborative combat aircraft or CCAs, and missiles.”
GE partnered with Kratos on an initial design concept for the GEK 1,500 for unmanned systems, CCAs, and missiles under a USAF award.
Iberianot trackedFY2026 Q1Customer
“And we just announced Iberia as our seventh Premier MRO, supporting growth in Europe.”
GE named Iberia its seventh Premier MRO, supporting LEAP servicing growth in Europe.
Airbusnot trackedFY2026 Q1Partner
“This quarter, together with the Civil Aviation Authority of Singapore and Airbus, we established the world’s first airport test bed for open-fan technology as part of the RISE program.”
GE, with Airbus and the Civil Aviation Authority of Singapore, established the first airport test bed for RISE open-fan technology.
Ryanairnot trackedFY2026 Q1Customer
“In services, we signed an agreement with Ryanair covering approximately 2,000 CFM56 and LEAP engines, providing material support and MRO services to scale their in-house capabilities, consistent with our open MRO strategy.”
GE signed an agreement with Ryanair covering ~2,000 CFM56 and LEAP engines for material support and MRO services.
Americannot trackedFY2026 Q1Customer
“This included extending our fifty-plus-year partnership with American, as they celebrate their one hundredth anniversary this month. American recently committed to more than 300 LEAP-1A engines with options for 200 more to power future A321neo and A321XLR deliveries.”
GE extended its 50-plus-year partnership with American, which committed to 300+ LEAP-1A engines (200 options) for A321neo/A321XLR deliveries.
“we are thrilled to be the sole-source partner on the 777X. We have over a thousand engines on order, and customers want the engines, they want the airplanes.”
GE reaffirms it is sole-source engine partner on Boeing's 777X with over a thousand engines on order and strong customer demand.
Archer Aviation, a pre-commercial eVTOL developer, remained pre-revenue and deeply loss-making in Q1 (GAAP EPS of -$0.28) while emphasizing execution across its civil, defense and software lines
Intuitive Machines reported record first-quarter revenue of $186.7 million, roughly 3x the prior-year quarter, though the increase was driven almost entirely by the January 2026 Lanteris acquisition rather than organic growth
Rocket Lab delivered its strongest first quarter ever, with record revenue of $200.3 million, up 63.5% year-over-year and just above the high end of guidance, led by Space Systems at $136.7 million (up 57.2%)
TransDigm delivered a beat-and-raise second quarter, with GAAP revenue up roughly 18% year over year (organic growth of approximately 11%) as all three channels grew: commercial aftermarket rose about 14%, commercial OEM about 12%, and defense about 11%