New York, January 23, 2026, 18:52 (EST) — Trading after hours
GE Aerospace shares slipped 0.4% to $293.87 in after-hours trading Friday, bouncing between $290.10 and $299.31 earlier in the session.
The shift follows traders digging into GE’s first full-year outlook, released alongside its results and 2026 targets just a day ago. The focus has moved beyond the quarter, centering instead on what needs to fall into place going forward.
The stock now hinges entirely on jet-engine maintenance demand. This “aftermarket” segment — covering parts and repairs after an engine is in service — can generate consistent cash flow, but it drags GE into ongoing price battles with airlines.
On Thursday, GE reported adjusted fourth-quarter earnings of $1.57 per share, with adjusted revenue up 20%. The company projected adjusted EPS for 2026 between $7.10 and $7.40. It also forecast free cash flow in the range of $8.0 billion to $8.4 billion and noted a backlog near $190 billion. CEO Larry Culp described the past year as “outstanding” and said GE is entering 2026 with “solid momentum.” 1
Reuters reported that the 2026 outlook hinges on strong aftermarket parts and maintenance demand, as aircraft deliveries remain limited. GE noted that over 70% of its commercial engine revenue comes from parts and services. The company expects adjusted revenue to climb by a low double-digit percentage in 2026, with mid-teens growth forecasted for its commercial engines and services segment, Reuters said. 2
Culp has publicly rejected airline claims that engine manufacturers are exploiting shortages and extended repair times to hike prices, Reuters reports. He argued that pricing factors in roughly $3 billion annually for R&D and highlighted durability improvements on the LEAP engine, developed jointly with Safran under the CFM International partnership. 3
On Friday, UBS lifted its price target to $374 from $368 and reaffirmed a Buy rating, describing the quarter as “solid overall with strong underlying fundamentals.” The firm also called the guidance conservative. UBS attributed the post-results dip to “the high bar and demanding valuation.” 4
RBC Capital kept its Outperform rating and $355 price target, calling the recent drop “an attractive buying opportunity.” The firm did note worries over first-quarter 2026 profit growth and the absence of a refreshed 2028 outlook. 5
Goldman Sachs raised its price target to $350 from $338 and stuck with a buy rating, MarketBeat reported. This move adds to a series of upbeat calls, aiming to cast the recent selloff as a reset following a strong rally. 6
The stock already reflects smooth execution. Should supply-chain disruptions occur, shop-visit capacity tighten, or airlines push for tougher contract terms, the downside is straightforward: margins stall and the multiple contracts.
GE will release its first-quarter 2026 report on April 21. Investors will be watching closely for signs that the services ramp and delivery cadence are on target, and that cash conversion remains above 100%. 7
