What Did GE Aerospace’s Quarter Change For Its Stock?
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GE Aerospace (GE) stock fell 3.7% on October 20, 2026, when the company reported its fiscal Q3 2026 results. The S&P 500 rose 0.3% during the same session. Management raised its 2026 forecast that morning, but by October 22 the shares traded 5.7% below their pre-report close. So how much did GE Aerospace’s forecast actually go up?
How Much Did GE Aerospace Raise Its 2026 Forecast?
Management increased its 2026 operating profit forecast to a range of $10.9 billion to $11 billion, adding $300 million at the midpoint. The adjusted EPS outlook rose to between $8.00 and $8.10, an increase of $0.30 at the midpoint compared with $7.75 in the July release. The company now expects free cash flow of $9.1 billion to $9.4 billion, lifting the projection $200 million above the prior guide of $9.05 billion.
Earnings for the quarter also beat expectations. GE Aerospace reported $2.25 a share in fiscal Q3 2026, compared with a consensus of $2.07. Revenue reached $13.3 billion, matching analyst estimates.
GE Aerospace’s peers held up better during the session. Honeywell rose 1.6%, and Boeing slipped 0.5%. The decline was specific to GE Aerospace, arriving on the same day the company raised its company-wide profit and cash forecasts for the year.
GE Aerospace’s Growth Has Lasted More Than A Year
Revenue in commercial engines and services, the company’s largest segment, grew 21% in fiscal Q3 2026. Management said this marked the unit’s sixth consecutive quarter of at least 20% growth. Overall company revenue expanded 21.7% over the four quarters ending in June 2026, compared with 13.0% during the previous four quarters. In fiscal Q3 2026 alone, management said total revenue rose 18%.
Future demand looks just as firm. Orders in fiscal Q3 2026 rose 49% from a year earlier. Management now expects 2026 revenue growth of 19% to 20%, lifting its projection from the high teens forecast in July.
What Did Management Say About GE Aerospace’s 2027?
Management expects further services growth in 2027, but no expansion in margins. Helped by a backlog of over $170 billion, the company now projects low double-digit services growth in 2027. Adjusted operating margin was 22.5% in fiscal Q3 2026, up 220 basis points from a year earlier, and management expects 2027 margins to remain in line with 2026.
Management said it will provide fuller 2027 guidance in January. GE Aerospace’s 2027 operating margin forecast, due with the report expected in January 2027, is the figure to watch.
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