Investing.com -- GE Aerospace reported second-quarter results that exceeded analyst expectations and raised its full-year outlook across all metrics, driven by robust commercial services growth.

The company posted adjusted earnings per share of $2.02, beating the analyst estimate of $1.86 by $0.16. Adjusted revenue reached $12.63 billion, surpassing the consensus estimate of $11.81 billion and marking a 24% increase from $10.15 billion in the prior year period. Total revenue on a GAAP basis rose 21% YoY to $13.35 billion. The company's stock gained 1% following the announcement.

"GE Aerospace delivered a strong second quarter with revenue and EPS both up more than 20% driven by robust commercial services growth," said Chairman and CEO H. Lawrence Culp, Jr. "FLIGHT DECK continues to fuel significant operational improvements across services and equipment with record internal shop visit output in the quarter and 31% growth in total engine deliveries in the first half."

For fiscal 2026, GE Aerospace now expects adjusted EPS of $7.65 to $7.85, up from its prior guidance of $7.10 to $7.40. The midpoint of $7.75 exceeds the analyst consensus of $7.56. The company raised its operating profit guidance to $10.55 billion to $10.75 billion from $9.85 billion to $10.25 billion previously. Free cash flow guidance increased to $8.9 billion to $9.2 billion from $8.0 billion to $8.4 billion.

The Commercial Engines & Services segment generated revenue of $9.73 billion, up 27% YoY, with services revenue growing 26% and equipment revenue up 30%. The segment now expects full-year revenue growth of approximately 20%, up from prior guidance of mid-teens growth.

Defense & Propulsion Technologies revenue rose 16% to $3.44 billion. Operating profit increased 18% to $475 million with margins expanding 30 basis points to 13.8%.