GE Aerospace Raises Outlook Despite Delivery Delays — Update

By Katherine Hamilton

GE Aerospace raised its outlook for the full year, but said supply-chain issues are still resulting in slower production and delivery delays.

The maker of jet engines said Thursday it is struggling to get access to the materials it needs for its products and services. As a result, delays on spare-parts shipments increased 20% sequentially in the second quarter.

"As much as we're pleased with the delivery increases, our spare-parts delinquencies are up unfortunately," Chief Executive Larry Culp said.

Shares slipped 2.7% to $350.50 in premarket trading. Through the previous close, the stock was up 17% this year.

GE Aerospace said it is also facing inflationary pressure, which it is trying to manage by increasing prices of its products and services. It expects the supply-chain constraints and inflation will continue, and is investing in its facilities to increase production and improve delivery times.

Second-quarter profit and sales were still up despite the disruptions. For the full year, GE Aerospace now expects adjusted earnings per share to be $7.65 to $7.85, up from a previous range of $7.10 to $7.40. Analysts are guiding for $7.56, according to FactSet.

The company also anticipates adjusted revenue will increase by a percentage in the high teens, up from the low-double-digit percentage growth it was previously projecting.

Profit from continuing operations was $2.41 billion, or $2.30 a share, in the quarter ended June 30, compared with a profit of $2.01 billion, or $1.87 a share, a year earlier.

Stripping out certain one-time items, adjusted per-share earnings were $2.02, ahead of the $1.86 anticipated by analysts, according to FactSet.

Revenue rose 21% to $13.35 billion. Analysts surveyed by FactSet forecast revenue of $11.87 billion.

Sales from GE's commercial engines and services segment jumped 27%, while the defense and propulsion technologies business had a 16% increase in revenue. Total orders increased 17%.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

July 16, 2026 09:10 ET (13:10 GMT)