Key Highlights

  • GE Aerospace's $0.47 quarterly dividend trades ex-dividend October 5, 2026, with payment on October 26 to shareholders of record.
  • Second-quarter GAAP revenue rose 21% to $13.349 billion, and profit was $2.801 billion, up 17% from the prior year.
  • Second-quarter free cash flow, a non-GAAP measure, was $3.027 billion, and operating cash flow was $3.258 billion.
  • Raised 2026 guidance: adjusted EPS of $7.65 to $7.85 and free cash flow of $8.9 to $9.2 billion (both non-GAAP).

GE Aerospace (NYSE:GE) declared a quarterly dividend of $0.47 per share, a yield of 0.60%, payable October 26 to shareholders of record on October 5, 2026. The company reported second-quarter GAAP revenue of $13.349 billion and free cash flow, a non-GAAP measure, of $3.027 billion. On September 8, it announced an $11.75 billion acquisition of CPP.

Dividend Program and Shareholder Returns

GE Aerospace's board declared the quarterly dividend of $0.47 per share on September 21, 2026, payable October 26 to shareholders of record on October 5. The shares trade ex-dividend on October 5.

The dividend was $0.36 per share through the January 26, 2026 payment and has been $0.47 since the April 27, 2026 payment. In the second quarter, the company repurchased 6.888 million shares for $2.012 billion, and 1,037,562,513 shares were outstanding. Regarding the CPP acquisition, the company stated that it brings no change to its capital allocation plans.

About the Company

GE Aerospace is a manufacturer of commercial and defense aircraft engines and related services. It reports two segments, Commercial Engines & Services (CES) and Defense & Propulsion Technologies (DPT). In the first half of 2026, the company reported total engine deliveries up 31%, LEAP engine deliveries up 41% and services revenue up 32%, and it reported a backlog of more than $210 billion.

Orders, Segment Results and Cash Flow

GE Aerospace reported second-quarter GAAP revenue of $13.349 billion, up 21%, and six-month revenue of $25.741 billion, up 23%. Total orders were $16.5 billion, up 17%, including CES orders of $12.9 billion, up 18%, and DPT orders of $4.1 billion, up 12%.

CES revenue was $9.731 billion, up 27%, with services revenue up 26% and equipment revenue up 30%. CES profit was $2.7 billion, up 20%, and its operating margin contracted 160 basis points. DPT revenue was $3.443 billion, up 16%, and profit was $475 million, up 18%, with operating margin improving 30 basis points.

Profit was $2.801 billion, up 17%, and GAAP EPS from continuing operations was $2.30, up 23%. Adjusted EPS, a non-GAAP measure, was $2.02, up 22%. Operating cash flow was $3.258 billion, up 39%, and free cash flow, a non-GAAP measure, was $3.027 billion, up 43%. For the six months, operating cash flow was $5.126 billion and free cash flow (non-GAAP) was $4.685 billion.

CPP Acquisition and Raised 2026 Guidance

On September 8, GE Aerospace announced an $11.75 billion acquisition of CPP from Warburg Pincus and Berkshire Partners, which the company stated involves about $7 billion of cash plus new debt and is planned to close in the second half of 2027. The company stated that the transaction will be accretive to adjusted EPS and free cash flow, both non-GAAP measures, in the first year, and that CPP has about 6,600 employees and more than 20 facilities. GE Aerospace also raised 2026 guidance to adjusted EPS of $7.65 to $7.85 and free cash flow of $8.9 to $9.2 billion, both non-GAAP measures, with CES revenue growth of about 20% and DPT revenue growth in the low double digits.

Outlook

GE Aerospace's $0.47 quarterly dividend is payable October 26 to shareholders of record on October 5, 2026. Adjusted EPS and free cash flow (both non-GAAP) relative to the raised 2026 guidance ranges, a backlog of more than $210 billion, and the timing and financing of the CPP acquisition are the relevant considerations.