GE Aerospace's revenue grew 15.9% from a year earlier in 2026 Q3, slower than the quarter before. Revenue was a record. The stock fell in the same week.
Record revenue, slower growth
Start with the good part. Revenue in 2026 Q3 was the biggest quarter in the chart below, and it grew 5.8% from the quarter before. GE Aerospace builds and services jet engines. My reading: servicing an engine keeps earning money long after the sale, which is one way to read steady quarterly revenue All the money a company billed its customers in a period, before any costs are taken out., though the chart itself does not measure service work.
Data table
| period | revenue | yoy |
|---|---|---|
| 2023Q4 | $8.5bn | -46.7% |
| 2024Q1 | $8.1bn | 14.7% |
| 2024Q2 | $8.2bn | 4.0% |
| 2024Q3 | $8.9bn | 5.7% |
| 2024Q4 | $9.9bn | 15.6% |
| 2025Q1 | $9.9bn | 23.0% |
| 2025Q2 | $11.0bn | 34.1% |
| 2025Q3 | $12.2bn | 36.2% |
| 2025Q4 | $12.7bn | 28.7% |
| 2026Q1 | $12.4bn | 24.7% |
| 2026Q2 | $13.3bn | 21.1% |
| 2026Q3 | $14.1bn | 15.9% |
Now the part that moves a stock. Growth was 15.9% year over year A comparison with the same quarter one year earlier, which strips out the usual seasonal ups and downs.. A quarter earlier it was 21.1%. The company is getting bigger while its growth rate gets smaller. Over three years revenue has still compounded at 18.6% a year, so this is a cooling, not a collapse.
Glossary
- revenue
- All the money a company billed its customers in a period, before any costs are taken out.
- year over year
- A comparison with the same quarter one year earlier, which strips out the usual seasonal ups and downs.
The shares still fell that week
Beating last year is not the same as beating what investors already assumed. Against a basket of peers, the stock's extra return on announcement day was -3.9%. The basket holds 5 peers: Boeing, RTX, Lockheed Martin, Northrop Grumman and Howmet Aerospace. Counting from announcement day, that gap added up to -8.3%.
How far did the stock move away from its peers on results day?
Actual-3.9%
The gap was -3.9% in a single day, in a quarter with record revenue. That is the surprise: good numbers and a falling share price can sit in the same week.
Show answer
-3.9% The gap was -3.9% in a single day, in a quarter with record revenue. That is the surprise: good numbers and a falling share price can sit in the same week.
Data table
| day | series | value | series_role |
|---|---|---|---|
| -5 | GE Aerospace | -0.3% | target |
| -4 | GE Aerospace | -0.5% | target |
| -3 | GE Aerospace | 1.1% | target |
| -2 | GE Aerospace | 1.7% | target |
| -1 | GE Aerospace | 0.9% | target |
| 0 | GE Aerospace | -2.8% | target |
| 1 | GE Aerospace | -4.1% | target |
| 2 | GE Aerospace | -4.9% | target |
| 3 | GE Aerospace | -7.5% | target |
| -5 | Peer basket | -1.5% | peer |
| -4 | Peer basket | 0.0% | peer |
| -3 | Peer basket | 1.3% | peer |
| -2 | Peer basket | 3.9% | peer |
| -1 | Peer basket | 3.2% | peer |
| 0 | Peer basket | 3.4% | peer |
| 1 | Peer basket | 3.4% | peer |
| 2 | Peer basket | 3.7% | peer |
| 3 | Peer basket | 3.0% | peer |
| -5 | Cumulative abnormal return | 1.2% | neutral |
| -4 | Cumulative abnormal return | -0.6% | neutral |
| -3 | Cumulative abnormal return | -0.2% | neutral |
| -2 | Cumulative abnormal return | -2.2% | neutral |
| -1 | Cumulative abnormal return | -2.3% | neutral |
| 0 | Cumulative abnormal return | -6.2% | neutral |
| 1 | Cumulative abnormal return | -7.5% | neutral |
| 2 | Cumulative abnormal return | -8.6% | neutral |
| 3 | Cumulative abnormal return | -10.7% | neutral |
Read that as co-movement in the same window as the results, not as proof of a cause. Fewer trading days have passed since the announcement than the full window needs, so the post-event figure only covers the days available so far.
You are still paying up for this one
After the move, GE Aerospace traded at 32.8x trailing earnings The profit a company already reported over its most recent four quarters, not an analyst's guess.. The median of its peers was 30.7x. That works out to a premium The extra amount investors pay for one share of profit here compared with a typical similar company. of 6.8%. My reading: even after a soft week, the shares are not priced like a bargain, and the higher price asks for the growth to keep showing up.
Glossary
- trailing earnings
- The profit a company already reported over its most recent four quarters, not an analyst's guess.
- premium
- The extra amount investors pay for one share of profit here compared with a typical similar company.
Zoom out one year. A holding in the stock returned -6.3% over the past year. The market returned 14.4% in the same period. Past returns only show what has already happened; they tell you nothing about the next quarter. What they do show is that owning a famous engine maker and owning the market have felt very different over twelve months.
Risks
- One-off items can lift or dent a single quarter, so adjusted and reported figures can tell different stories.
- A peer basket this small may be too similar or too narrow for the comparison to mean much.
- Raised guidance is a promise, not a result; this data does not test past guidance accuracy.
Sources
- SEC EDGAR XBRL companyfacts, GENERAL ELECTRIC COMPANY — data as of 2026-09-30; fetched 2026-10-24 17:20 UTC
- FinMind USStockPrice BA — data as of 2026-10-23; fetched 2026-10-24 19:57 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- FinMind USStockPrice GE — data as of 2026-10-23; fetched 2026-10-24 19:57 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- FinMind USStockPrice HWM — data as of 2026-10-23; fetched 2026-10-24 19:57 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- FinMind USStockPrice LMT — data as of 2026-10-23; fetched 2026-10-24 19:58 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- FinMind USStockPrice NOC — data as of 2026-10-23; fetched 2026-10-24 19:58 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges
- FinMind USStockPrice RTX — data as of 2026-10-23; fetched 2026-10-24 19:58 UTC; License note: FinMind open data; original source TWSE/TPEx or US exchanges