What Happened
Engine Services Demand Drives Second Earnings Upgrade
GE Aerospace has raised its 2026 adjusted earnings forecast for the second time, driven by strong demand for aircraft engine maintenance and spare parts. The company now expects adjusted earnings of $8.00 to $8.10 per share, compared to its previous forecast of $7.65 to $7.85. Revenue at the commercial engines and services business increased 21% year-on-year, with services revenue rising 17% and spare-parts revenue growing by more than 20%. The company expects commercial services revenue to grow at a low-double-digit rate in 2027, supported by a commercial services backlog exceeding $170 billion. This development was reported by an unknown source.