GE Aerospace is set to report fourth-quarter results on February 1, with consensus estimates pointing to double-digit top-line growth year-over-year. Analysts surveyed by FactSet expect revenue of approximately $8.5 billion, up roughly 12% compared with Q4 2022. Operating profit margins are also forecast to expand by 150 basis points, driven by higher output at its commercial and defense engine segments. Investors will be watching guidance for 2024, where management has signaled continued acceleration in engine deliveries and aftermarket services contributions.

The company’s momentum stems from record jet engine demand, particularly for its LEAP and GE9X models, which together accounted for over 500 net orders during the quarter. Services revenue, which typically carries higher margins, is projected to contribute nearly 40% of total segment sales, reflecting strength in maintenance, repair and overhaul contracts. On the defense side, recent awards under the F136 engine program and expanded support agreements with allied militaries added $1.2 billion to the order backlog, underpinning a robust revenue profile and supporting free cash flow expectations above $3.5 billion for the full year.