Investing.com -- GE Aerospace (NYSE: GE) on Tuesday reported third quarter adjusted earnings per share of $2.25, surpassing the analyst estimate of $2.00 by $0.25. Adjusted revenue reached $13.29 billion, exceeding the consensus estimate of $12.85 billion and marking an 18% increase from the prior year period.

The company raised its full-year 2026 guidance across all metrics following the strong quarterly performance.

The aerospace manufacturer’s third quarter adjusted revenue grew 18% YoY, driven by a 21% increase in its Commercial Engines & Services segment. Total orders surged 49% to $19.0 billion, with commercial services orders up 23%. "We delivered strong results this quarter as solid demand drove orders up 49%, with strength in commercial services up 23%, total revenue up 18% and EPS up 36%," said Chairman and CEO H. Lawrence Culp, Jr.

Shares rose 1.8% following the results and guidance increase.

For fiscal year 2026, GE Aerospace now expects adjusted EPS of $8.00 to $8.10, compared to its prior guidance of $7.65 to $7.85. The midpoint of $8.05 exceeds the analyst consensus of $7.92. The company raised its operating profit guidance to $10.9 billion to $11.0 billion from the previous range of $10.55 billion to $10.75 billion. Free cash flow guidance was increased to $9.1 billion to $9.4 billion from $8.9 billion to $9.2 billion.

Commercial Engines & Services operating profit grew 21% to $2.89 billion, though margins contracted 10 basis points to 27.9% due to mix and inflation. The segment benefited from a 17% increase in services revenue and 38% growth in equipment revenue. Defense & Propulsion Technologies revenue rose 7% to $3.47 billion with operating profit up 8%.

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