๐ ๐๐๐ฌ๐ฎ๐ฅ๐ญ๐ฌ
โข Adjusted EPS: $2.02 (Est. $1.86) โ
โข Adjusted revenue: $12.63B (Est. $11.87B) โ
โข GAAP revenue: $13.35B, +21% YoY
โข Operating profit: $2.75B, +18% YoY
โข Free cash flow: $3.03B, +43% YoY
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๐ฏ ๐๐ฎ๐ข๐๐๐ง๐๐
โข Raised FY26 adjusted EPS guidance to $7.65โ$7.85 (Prev. $7.10โ$7.40)
โข Raised FY26 operating profit guidance to $10.55Bโ$10.75B (Prev. $9.85Bโ$10.25B)
โข Raised FY26 free cash flow guidance to $8.9Bโ$9.2B (Prev. $8.0Bโ$8.4B)
โ
๐ ๐๐๐ฒ ๐๐๐ค๐๐๐ฐ๐๐ฒ๐ฌ
โข Total orders increased 17% to $16.5B, with Commercial Engines & Services revenue up 27% and Defense & Propulsion revenue up 16%
โข Commercial services remained the key growth driver, while total engine deliveries increased 31% in the first half, including LEAP deliveries up 41%
โข Backlog exceeded $210B as the company continued investing in next-generation propulsion technologies while improving supply chain output
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๐ฌ ๐๐๐ง๐๐ ๐๐ฆ๐๐ง๐ญ ๐๐จ๐ฆ๐ฆ๐๐ง๐ญ๐๐ซ๐ฒ
CEO Larry Culp said strong commercial services demand and continued operational improvements drove another quarter of revenue and EPS growth above 20%. With strong first-half execution and improved visibility, the company raised guidance across the board while remaining focused on executing its more than $210B backlog and investing in technologies that improve engine durability and customer value.