GE Aerospace (NYSE: GE) Q3 Earnings Preview: What to Expect

By Gordon Thompson19 Oct, 22:00From Financial Modeling Prep

Key points

GE Aerospace (NYSE: GE) is set to report Q3 earnings with analysts expecting strong growth in EPS and revenue.
Despite a history of beating estimates, the stock has seen declines post-earnings, highlighting investor focus on sustained growth in aftermarket services.
The company faces high expectations, reflected in its $210 billion backlog and a 36.54 times P/E ratio, alongside concerns about rising costs.

GE Aerospace (NYSE: GE), the stock of GE Aerospace, is in focus ahead of its third-quarter earnings report before the market opens on October 20, 2026. The company makes jet engines and provides maintenance and parts for airlines, along with defense products. Wall Street estimates earnings of $2.01 per share and revenue of about $12.9 billion.

Estimates vary by source. As highlighted by Zacks, analysts expect earnings of $2.02 per share, up 21.7% from a year earlier, and revenue of $12.7 billion, up 11.9%. Earnings per share measure profit divided by the number of shares; revenue measures sales before costs.

GE beats earnings estimates for three straight quarters, yet its shares fall after each report. As highlighted by Barron’s, investors want reassurance that growth continues in aftermarket services—maintenance and parts sold after an engine enters service. This business is GE’s biggest source of profit.

Expectations are high after GE beats estimates and raises its forecast last quarter. As highlighted by 24/7 Wall St., Wall Street already expects another increase in that forecast. Demand for engines, services and defense products could support growth. GE’s backlog of more than $210 billion represents orders that may become future sales.

Investors also face rising costs and a stock price that reflects strong expectations. GE trades at 36.54 times its earnings over the past 12 months, meaning buyers pay $36.54 for each $1 of recent profit. Its debt-to-equity ratio is 1.09, comparing what it owes with shareholders’ investment in the company.