“On a year-over-year basis, the second half services revenue in our current guide is up low double-digit from a very strong second half last year.”

In context

“Rahul Ghai: Yeah. Sheila, to your second question on the first half to second half, as you said, that very strong first half for services, both on orders and revenue. We raised our full-year guide to the low 20% growth, and now we're expecting services to be up $5 billion year-over-year. This is up about $1 billion from where we were just back in April, which is what led to us improving the CES profit outlook by, call it, say, $400 million from the high end of the prior guide. We've been striving for linearity for the last several years, and we are making progress in that regard. Even with that, there is sequential growth from first half to second half of 2026. On a year-over-year basis, the second half services revenue in our current guide is up low double-digit from a very strong second half last year. Keep in mind, second half last year was up $3 billion from first half, the compares are getting much tougher. As Larry Culp said, we feel very comfortable with where we are with the current guide, and as I said in my prepared remarks, 95% of our spare parts are in the backlog for third quarter. We have 40% over subscribed on shop visits and our CFM56 shop visits also, as we think about the number of shop visits we're expecting, we are at the higher end of the 2,300-2,400 shop visits. All in all, we feel very good, and it's great that we're driving double-digit growth for services in the second half, and that momentum should carry us into 2027, as Larry Culp said a minute ago.”