GE Rides on Commercial Engines Unit Strength: Will the Uptrend Continue?

GE Aerospace's Commercial Engines & Services segment posted Q2 2026 revenue of $9.73 billion, up 27% year-over-year, fueled by a 24% increase in LEAP engine deliveries. The unit landed major orders from United, Delta, and American Airlines during the quarter. Management expects adjusted segment revenues to grow approximately 20% for the full year 2026.

GE shares have gained 4.2% over the past three months, outpacing its industry peers. The stock currently trades at 38.40× forward price-to-earnings, a premium to the industry average of 31.21×.

The LEAP engine family—a joint venture with Safran powering single-aisle Boeing 737 MAX and Airbus A320neo aircraft—continues to drive the commercial aviation recovery as airlines expand narrow-body fleets. Delivery volume growth of 24% suggests strong production ramp and healthy airline capital spending.