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Earnings Calls

Last Earnings Call

Fiscal Period
Q2 2026
Call Date
Jul 28, 2026
AI Summary
Q2 2026

Revenue: Boeing reported revenue of $24.6 billion, up 8% year over year, helped by higher Commercial deliveries and stronger Defense volume.

Cash Flow: Free cash flow was positive $631 million, and management said Boeing remains on track to deliver $1 billion to $3 billion for the full year.

Production: Commercial airplane output improved sharply, with 171 deliveries in the quarter, the highest quarterly total since 2018.

Guidance: Management kept delivery and cash expectations intact and said third-quarter free cash flow should be positive in the low hundreds of millions of dollars.

VC-25B: Boeing took a $280 million charge on the VC-25B program after adding resources to protect schedule and maintain a 2028 delivery target.

Strategy: Executives emphasized stronger safety, quality, and stability, while also saying a future new airplane remains part of the long-term strategy when the market is ready.

Key Financials
Revenue
$24.6 billion
Operating margin
0.6%
Core earnings per share
-$0.76
Free cash flow
$631 million
Commercial Airplanes revenue
$11.8 billion
Commercial Airplanes operating margin
-2.7%
Commercial Airplanes deliveries
171 airplanes
737 deliveries
129 airplanes
787 deliveries
25 airplanes
737 production rate
47 airplanes per month
787 production rate
8 airplanes per month
Commercial backlog
$597 billion
Total backlog
more than 6,200 airplanes
Defense, Space & Security revenue
$7.5 billion
Defense, Space & Security operating margin
-0.2%
VC-25B charge
$280 million
Defense orders
$7 billion
Defense backlog
$85 billion
Global Services revenue
$5.3 billion
Global Services operating margin
18.1%
Global Services orders
$5 billion
Global Services backlog
$33 billion
Cash and marketable securities
$20 billion
Debt
$45.9 billion
Credit facilities
$10 billion
Third-quarter free cash flow
positive and in the low hundreds of millions of dollars
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