Earnings Call
Jul 16, 2026
Q2 FY2026
EPS Estimate
1.86
EPS Actual
2.02
Post-Earnings Close
$345.73
Earnings Reaction
-4.1%
GE Aerospace's second quarter 2026 results were defined less by the headline beat and more by the scale of the guidance revision that accompanied it, a revision that implicitly acknowledges the company held back in April when macro uncertainty was at its peak. EPS of $2.02 came in well above the $1.86 consensus estimate, representing 22% year-over-year growth, while revenue grew 24% to levels that comfortably cleared estimates. Free cash flow of $3 billion, up 43%, with net income conversion exceeding 140%, was arguably the most impressive single data point in the release. The full-year EPS guide was raised to $7.65-$7.85, up $0.35 at the midpoint from the prior high end, and free cash flow guidance moved to $8.9-$9.2 billion, a figure that already exceeds what management had projected for 2028 just a year ago.
Report generated on Jul 16, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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