Analyst Consensus ?
ConsensusBuy34 ratings
Bullish2367.6%
Neutral1132.4%
Bearish00.0%
1 unmapped firm rating excluded from the percentages.
GE Aerospace · GE · FY2026 Q3 · Calendar Q4 2026
GE Aerospace: Strong Q3 Growth, Raised Guidance, Capacity Risks
GE Aerospace’s Q3 analysis supports a constructive operating picture: resilient commercial-engine and services demand, strong orders, a large backlog, and capacity and technology investment underpin the growth trajectory. The thesis is tempered by execution risks in spare parts, supply, certification, and pricing, and by a negative event-session market reaction.
Reported Before market openNYSEIndustrials
$322.97B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $2.01
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $12.88B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
-2.1%
Event window
SPY move
+0.7%
Same window
Abnormal move
-2.8%
Stock minus SPY
Volume
0.8×
Versus trailing sessions
Subsequent drift
0.0%
Up to 20 sessions
GESPY benchmark
Ask FN2 about GE FY2026 Q3
Transcript, numbers and history already loaded
What drove GE's -2.1% move after FY2026 Q3 earnings?What changed in GE's guidance and outlook in FY2026 Q3?Give me the bull and bear case for GE after FY2026 Q3 earnings.
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Transcript intelligence
What changed
Relative to the prior quarter, management’s analysis added the CPP acquisition, a completed high-altitude hybrid-electric flight with Beta Technologies, near-zero LEAP engine AOG incidents since summer, and a projection for low double-digit commercial services growth in 2027. The current analysis also characterized capex as stable rather than increasing.
Guidance delta
Management raised 2026 guidance and projected low double-digit commercial services growth for 2027.
Key takeaways
- Management reported strong Q3 growth in revenue, operating profit, and EPS.
- Orders increased 49% year over year, led by commercial engines and services.
- Backlog above $170 billion supports visibility, while CPP and R&D investment expand capacity and technology.
- Spare-parts delinquency, supply constraints, certification timing, and pricing remain key execution risks.
Management priorities
- Scale LEAP fan-assembly capacity using Flight Deck methods
- Integrate Consolidated Precision Products to expand casting capacity
- Advance hybrid-electric and next-generation engine programs
- Maintain annual capex and R&D investment
- Pursue low double-digit commercial services growth in 2027
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Beat
Miss
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Analyst 52W Price Targets
$296.78Current
$55Low
$224.45Average
$455High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 20, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wells Fargo | Overweight | Overweight | Maintain | Sep 30, 2026 |
| Jefferies | Buy | Buy | Maintain | Sep 23, 2026 |
| Bernstein | Outperform | Outperform | Maintain | Jul 23, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Jul 20, 2026 |
| UBS | Buy | Buy | Maintain | Jul 17, 2026 |
| RBC Capital | Outperform | Outperform | Maintain | Jul 17, 2026 |
| TD Cowen | Buy | Buy | Maintain | Jul 13, 2026 |
| Susquehanna | Positive | Positive | Maintain | Jul 9, 2026 |
| Citigroup | Buy | Buy | Maintain | Jul 1, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Apr 22, 2026 |
| B of A Securities | Buy | Buy | Maintain | Oct 27, 2025 |
| Barclays | Overweight | Overweight | Maintain | Jul 23, 2025 |
| Deutsche Bank | Buy | Buy | Maintain | Jan 2, 2025 |
| Goldman Sachs | Buy | Buy | Maintain | Apr 24, 2024 |
| Argus Research | Buy | Buy | Maintain | Apr 24, 2024 |
| Oppenheimer | Perform | Perform | Maintain | Mar 5, 2024 |
| Credit Suisse | Outperform | Outperform | Maintain | Jul 27, 2022 |
| Wolfe Research | Outperform | Outperform | Maintain | May 11, 2022 |
| DZ Bank | Hold | Sell | Upgrade | Dec 16, 2020 |
| Gordon Haskett | Hold | Underperform | Upgrade | Feb 7, 2020 |
| Vertical Research | Hold | Buy | Downgrade | Feb 1, 2019 |
| Argus | Buy | Hold | Upgrade | Jan 31, 2019 |
| Bank of America | Neutral | Neutral | Maintain | Jul 27, 2018 |
| Gabelli & Co. | Buy | Buy | Maintain | May 14, 2018 |
| Stifel Nicolaus | Hold | Hold | Maintain | Apr 27, 2018 |
| Langenberg & Company | Buy | Hold | Upgrade | Nov 13, 2017 |
| Standpoint Research | Hold | Sell | Upgrade | Jun 29, 2017 |
| Cowen & Co. | Perform | Market Perform | Maintain | Jun 7, 2016 |
| William Blair | Outperform | Market Perform | Upgrade | Oct 13, 2015 |
| LBBW Research | Buy | Hold | Upgrade | Jan 26, 2015 |
| Stifel | Buy | Buy | Maintain | Sep 17, 2014 |
| Nomura | Neutral | Neutral | Maintain | Nov 18, 2013 |
| Tigress Financial | Neutral | Neutral | Maintain | Mar 6, 2013 |
| Hilliard Lyons | Long Term Buy | Maintain | Oct 19, 2012 | |
| Bank oferica | Neutral | Neutral | Maintain | Apr 4, 2012 |
Named analyst price targets
Upside is calculated against the persisted current price $296.78. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Jefferies | Analyst unavailable | $435 | $321.4 | +46.6% | Sep 23, 2026 |
| Melius Research | Analyst unavailable | $350 | $323.66 | +17.9% | Sep 14, 2026 |
| Deutsche Bank | Analyst unavailable | $450 | $361.52 | +51.6% | Jul 27, 2026 |
| Bernstein | Analyst unavailable | $421 | $341.19 | +41.9% | Jul 23, 2026 |
| Wells Fargo | Analyst unavailable | $390 | $348.83 | +31.4% | Jul 20, 2026 |
| Goldman Sachs | Noah Poponak | $410 | $348.83 | +38.1% | Jul 20, 2026 |
| UBS | Gavin Parsons | $435 | $345.73 | +46.6% | Jul 17, 2026 |
| RBC Capital | Ken Herbert | $400 | $353.73 | +34.8% | Jul 15, 2026 |
| Susquehanna | Analyst unavailable | $430 | $361.02 | +44.9% | Jul 9, 2026 |
| Jefferies | Sheila Kahyaoglu | $455 | $380.41 | +53.3% | Jul 2, 2026 |
| Seaport Global | Analyst unavailable | $375 | $314.49 | +26.4% | May 26, 2026 |
| RBC Capital | Ken Herbert | $355 | $285.28 | +19.6% | May 20, 2026 |
| Jefferies | Analyst unavailable | $365 | $284.6 | +23.0% | Apr 26, 2026 |
| Morgan Stanley | Analyst unavailable | $425 | $334.74 | +43.2% | Feb 20, 2026 |
| Deutsche Bank | Analyst unavailable | $387 | $293.42 | +30.4% | Jan 23, 2026 |
| UBS | Analyst unavailable | $374 | $295 | +26.0% | Jan 23, 2026 |
| Susquehanna | Analyst unavailable | $380 | $322.67 | +28.0% | Jan 15, 2026 |
| UBS | Analyst unavailable | $368 | $323.26 | +24.0% | Jan 15, 2026 |
| UBS | Gavin Parsons | $366 | $306.63 | +23.3% | Oct 22, 2025 |
| Deutsche Bank | Analyst unavailable | $350 | $301.74 | +17.9% | Oct 8, 2025 |
| RBC Capital | Ken Herbert | $275 | $248.87 | -7.3% | Jun 3, 2025 |
| Argus Research | John Eade | $250 | $204.11 | -15.8% | Feb 3, 2025 |
| RBC Capital | Ken Herbert | $200 | $176.66 | -32.6% | Oct 23, 2024 |
| Wells Fargo | Matthew Akers | $210 | $176.66 | -29.2% | Oct 23, 2024 |
| UBS | Chris Snyder | $230 | $176.66 | -22.5% | Oct 23, 2024 |
| Bernstein | Brendan Luecke | $225 | $191.16 | -24.2% | Oct 14, 2024 |
| Bernstein | Douglas Harned | $201 | $165.35 | -32.3% | Sep 10, 2024 |
| Deutsche Bank | Scott Deuschle | $209 | $161.92 | -29.6% | Jun 10, 2024 |
| UBS | Chris Snyder | $201 | $160.81 | -32.3% | May 23, 2024 |
| CFRA | Stewart Glickman | $181 | $160.81 | -39.0% | May 22, 2024 |
| Argus Research | John Eade | $170 | $156.61 | -42.7% | Apr 10, 2024 |
| Jefferies | Sheila Kahyaoglu | $180 | $155.95 | -39.3% | Apr 10, 2024 |
| Goldman Sachs | Noah Poponak | $190 | $156.52 | -36.0% | Apr 9, 2024 |
| Vertical Research | Jeffrey Sprague | $160 | $145.62 | -46.1% | Apr 4, 2024 |
| RBC Capital | Ken Herbert | $160 | $145.62 | -46.1% | Apr 4, 2024 |
| Deutsche Bank | Scott Deuschle | $190 | $136.47 | -36.0% | Apr 3, 2024 |
| Wolfe Research | Myles Walton | $162 | $136.47 | -45.4% | Apr 3, 2024 |
| Wells Fargo | Matthew Akers | $200 | $173.55 | -32.6% | Mar 27, 2024 |
| J.P. Morgan | Seth Seifman | $136 | $131.23 | -54.2% | Jan 23, 2024 |
| Citigroup | Analyst unavailable | $100 | $81.45 | -66.3% | Dec 9, 2022 |
| RBC Capital | Analyst unavailable | $98 | $82.49 | -67.0% | Dec 9, 2022 |
| Deutsche Bank | Analyst unavailable | $94 | $85.23 | -68.3% | Dec 5, 2022 |
| Barclays | Analyst unavailable | $78 | $62.54 | -73.7% | Oct 3, 2022 |
| UBS | Analyst unavailable | $87 | $73.98 | -70.7% | Aug 4, 2022 |
| Credit Suisse | Analyst unavailable | $84 | $70.56 | -71.7% | Jul 27, 2022 |
| Deutsche Bank | Analyst unavailable | $90 | $62.14 | -69.7% | Jul 13, 2022 |
| Wells Fargo | Analyst unavailable | $72 | $63.02 | -75.7% | Jul 13, 2022 |
| Morgan Stanley | Joshua Pokrzywinski | $95 | $63.54 | -68.0% | Jul 12, 2022 |
| Barclays | Analyst unavailable | $81 | $63 | -72.7% | Jul 8, 2022 |
| Wells Fargo | Joseph O’Dea | $74 | $62.03 | -75.1% | Jul 5, 2022 |
| Goldman Sachs | Analyst unavailable | $82 | $64.54 | -72.4% | Jun 23, 2022 |
| Jefferies | Saree Boroditsky | $80 | $74.78 | -73.0% | Jun 10, 2022 |
| Morgan Stanley | Joshua Pokrzywinski | $100 | $77 | -66.3% | Jun 7, 2022 |
| Barclays | Julian Mitchell | $96 | $77.01 | -67.7% | May 26, 2022 |
| Morgan Stanley | Analyst unavailable | $112 | $76.6 | -62.3% | May 17, 2022 |
| Deutsche Bank | Nicole DeBlase | $107 | $74.76 | -63.9% | May 13, 2022 |
| Wolfe Research | Nigel Coe | $107 | $72.83 | -63.9% | May 12, 2022 |
| Morgan Stanley | Analyst unavailable | $115 | $76.86 | -61.3% | Apr 29, 2022 |
| Credit Suisse | John Walsh | $102 | $74.55 | -65.6% | Apr 29, 2022 |
| Deutsche Bank | Nicole DeBlase | $118 | $90.83 | -60.2% | Apr 17, 2022 |
| Barclays | Julian Mitchell | $115 | $92.02 | -61.3% | Apr 4, 2022 |
| Cowen & Co. | Gautam Khanna | $110 | $92.28 | -62.9% | Mar 12, 2022 |
| Credit Suisse | John Walsh | $116 | $88.15 | -60.9% | Mar 8, 2022 |
| Wolfe Research | Nigel Coe | $127 | $92.69 | -57.2% | Feb 21, 2022 |
| Bank of America Securities | Andrew Obin | $132 | $92.02 | -55.5% | Jan 28, 2022 |
| Goldman Sachs | Joe Ritchie | $124 | $89.24 | -58.2% | Jan 26, 2022 |
| J.P. Morgan | Stephen Tusa | $55 | $89.24 | -81.5% | Jan 26, 2022 |
| Bernstein | Brendan Luecke | $120 | $99.33 | -59.6% | Jan 10, 2022 |
| Jefferies | Saree Boroditsky | $100 | $89.9 | -66.3% | Dec 20, 2021 |
| DZ BANK AG | Robert Czerwensky | $140 | $102.65 | -52.8% | Aug 4, 2021 |
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Start freeCompany context
Snapshot as of publicationBased in Evendale, Ohio, GE Aerospace is a prominent American aviation enterprise with roots tracing back to its 1878 founding by Thomas Alva Edison. The company specializes in manufacturing and supplying jet and turboprop engines, along with integrated systems, for an extensive range of aircraft, including those in commercial, military, business, and general aviation use. Its robust brand lineup features Avio Aero, Unison, GE Additive, and Dowty Propellers. GE Aerospace organizes its activities into two core segments: Commercial Engines & Services, and Defense & Propulsion Technologies. The Commercial Engines & Services division oversees the design, development, production, and maintenance of jet engines for commercial airframes, business aviation, and aeroderivative applications. Meanwhile, the Defense & Propulsion Technologies segment is dedicated to providing vital engines and critical systems for defense-related aerospace needs.
Historical context
All GE earningsIndustrials peers this season
Latest reports in the same sector| Company | Quarter | EPS surprise | Market move | Headline |
|---|---|---|---|---|
| JBHT J.B. Hunt Transport Services, Inc. | FY2026 Q3 · Calendar Q4 2026 | +0.6% | -2.0% | J.B. Hunt: Strong demand, but margin repair remains central |
Latest beats and misses
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Sources
- Earnings call transcript and parsed analysis · 2026-10-20T15:10:03.285724+00:00
- FN2 earnings calendar · 2026-10-20T01:23:14.154112+00:00
- Polygon adjusted daily market bars · 2026-10-20T15:10:42.895020+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-20T15:10:42.892274+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-20. For educational purposes only; not investment advice.