Investing.com -- GE Aerospace (NYSE: GE) reported first-quarter results that exceeded Wall Street expectations, sending its shares higher in premarket trading.

Adjusted earnings per share came in at $1.86, beating the analyst estimate of $1.60 by $0.26. Adjusted revenue reached $11.6B billion, surpassing the consensus estimate of $10.71 billion and representing a 29% increase YoY.

The company posted total orders of $23.0 billion, up 87% from the prior year, driven by robust demand across its commercial and defense businesses. Chairman and CEO H. Lawrence Culp, Jr. said, "GE Aerospace had a strong first quarter with orders growing 87% and revenue up 29%, supporting double-digit growth in earnings and free cash flow." Shares rose 2.8% following the announcement.

The Commercial Engines & Services segment delivered strong performance with orders of $17.3 billion, up 93%, and revenue of $8.9 billion, up 34%. Services revenue grew 39%, with internal shop visit revenue up 35% and spare parts revenue growing more than 25%. Total engine deliveries increased 43% YoY. The company announced commercial wins for more than 650 engines during the quarter, including agreements with American Airlines, United Airlines, and Delta Airlines.

For fiscal 2026, GE Aerospace maintained its full-year guidance across all metrics. The company continues to expect Commercial Engines & Services revenue growth of mid-teens and operating profit in the range of $9.6 billion to $9.9 billion. The Defense, Propulsion & Additive Technologies segment is expected to deliver mid- to high-single-digit revenue growth and operating profit of $1.55 billion to $1.65 billion.

Culp noted the company is "trending toward the high-end of the range given our strong start to the year," supported by a $170 billion commercial services backlog.