Breaking News | GE Aerospace Lifts Full-Year EPS Guidance 8% After Q2 Beat

GE Aerospace reported Q2 adjusted EPS of $2.02, beating consensus $1.86, with revenue of $12.63 billion exceeding expectations of $11.81 billion. Commercial Engines & Services revenue climbed 27% year-over-year to $9.73 billion, driven by 26% services growth and 30% equipment growth. The company delivered record internal shop visit output and 31% growth in total engine deliveries in the first half. Following the beat, management raised full-year adjusted EPS guidance to $7.65-$7.85 from $7.10-$7.40, with the new midpoint of $7.75 exceeding consensus $7.56. Operating profit guidance increased to $10.55-$10.75 billion from $9.85-$10.25 billion, and free cash flow outlook rose to $8.9-$9.2 billion from $8.0-$8.4 billion. Defense & Propulsion Technologies revenue grew 16% to $3.44 billion with operating margin expanding 30 basis points to 13.8%.

Commercial Engines & Services segment now expected to deliver approximately 20% revenue growth for full year versus prior mid-teens guidance. Shop visit capacity utilization and engine delivery cadence through second half will determine whether management can sustain the elevated guidance range. Defense margin trajectory as backlog converts to revenue.