GE Aerospace Revenue Rises as Orders Surge — Update

By Nicholas G. Miller

GE Aerospace posted higher first-quarter revenue on surging orders amid strong air travel and military demand.

The company reported net income from continuing operations of $1.93 billion, or $1.83 a share, compared with $1.97 billion, or $1.83 a share, the year prior.

Adjusted earnings were $1.86 a share. Analysts polled by FactSet had expected $1.60 a share.

Revenue rose 25% to $12.39 billion. Orders increased 87% to $23 billion. Commercial engines and services adjusted revenue was up 34%.

The company maintained its prior guidance, but said that it was trending toward the high end of its range. It expects fiscal-year adjusted earnings of $7.10 to $7.40 a share. Analysts see $7.49 a share.

GE Chief Executive Larry Culp said in January that robust air travel demand is providing strong tailwinds for the company's commercial business. Since then, plane fuel costs have surged due to the war in the Middle East, leading airlines to raise prices and reduce capacity.

Still, Delta Air Lines said earlier this month that the price increases haven't stopped consumers from booking flights and that demand remains strong across all geographies for both business and leisure travel.

Meanwhile, the war in Iran as well as other geopolitical conflicts continue to increase demand for military technology. Earlier this month, President Trump released a budget proposal for the 2027 fiscal year, seeking $1.5 trillion in defense spending, by far the largest dollar amount in modern history.

The proposal included $350 billion for critical munitions, which have become depleted in the war in Iran, potentially boosting GE, which develops propulsion technology for missiles.

Shares rose 3.4% to $313.93 in premarket trading.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

April 21, 2026 07:29 ET (11:29 GMT)