Companies /Industrials

Boeing Company

NYSE: BA Aerospace & Defense
$210.73
▼ $1.52 (−0.72%) today
Markets closed · 9:12pm ET

Q2 2026 Earnings

Reported Jul 28, 2026, 7:31am ET · SEC source
$-0.76
Miss −123.53%
EPS · est. $-0.34
$24.6B
Miss +0.00%
Revenue · est. $0
−9.4%
Trailing market
BA vs S&P since report
1 quarter
Consecutive EPS misses

Market Reaction

% change · around the report
0+2%+4%Jul 28Jul 29report 7:31am ETearnings−0.3%+1.0%
0+2%+4%Jul 28Jul 29earnings−0.3%+1.0%
BA +1.0%S&P 500 −0.3%
−2%0+2%+4%Jul 28Jul 29report 7:31am ETearnings−0.8%+1.0%
−2%0+2%+4%Jul 28Jul 29earnings−0.8%+1.0%
BA +1.0%NASDAQ −0.8%
0+4%+8%Jul 27Aug 5report 7:31am ETearnings+4.8%+10.6%
0+4%+8%Jul 27Aug 5earnings+4.8%+10.6%
BA +10.6%S&P 500 +4.8%
0+4%+8%Jul 27Aug 5report 7:31am ETearnings+7.1%+10.6%
0+4%+8%Jul 27Aug 5earnings+7.1%+10.6%
BA +10.6%NASDAQ +7.1%
+4.76%
Day of report
−3.41%
Next session
+7.04%
One week
−5.27%
30 days

S&P 500 over the same 30 days: +4.08%.

Did BA Beat Earnings? Q2 2026 Results

Boeing delivered a sharper-than-expected loss in Q2 2026, casting a shadow over what was otherwise a quarter of genuine operational progress. The aerospace giant posted a core loss per share of $-0.76, missing the Wall Street consensus of $-0.34 by 123.53%, even as revenue climbed 8.0% year-over-year to $24.56 billion on the back of 171 commercial airplane deliveries, up 14% from the year-ago quarter. The primary drag came from Boeing's Defense, Space and Security segment, which swung to an operating loss of $15.00 million from a profit of $110.00 million a year ago, weighed down by $280.00 million in additional charges on the VC-25B presidential aircraft program. On the brighter side, free cash flow turned positive at $631.00 million, compared to negative $200.00 million in Q2 2025, underscoring the gradual traction of CEO Kelly Ortberg's turnaround efforts. Boeing anticipates 737-7 and 737-10 certifications in 2026, with first deliveries for both variants expected in 2027, while the 777X program also targets a 2027 first delivery following recent FAA approval for certification flight testing.

Key Takeaways
  • Higher commercial airplane delivery volume (171 deliveries, up 14% YoY)
  • Favorable mix and improved performance in Commercial Airplanes
  • Higher volume in Defense, Space & Security
  • Favorable working capital timing boosting operating cash flow
  • Debt repayments reducing consolidated debt

“I'm very pleased with the progress our team is making as we execute our plan. Our operations are more stable and key certification programs remain on plan. Our focus has been on restoring trust and we are now building on that through a sustained focus on safety, quality, and on-time performance.”

Boeing CEO, on the earnings call

Forward Guidance & Outlook

Boeing anticipates certification of the 737-7 and 737-10 in 2026 with first deliveries in 2027 for both variants. The 777X program received FAA approval to begin certification flight testing and the company continues to anticipate first delivery in 2027. The 737 program is transitioning to 47 per month production rate. The VC-25B presidential aircraft program anticipates first delivery in 2028. Management indicated there is more work ahead in the second half of the year but expressed confidence that momentum is moving Boeing in the right direction.

BA YoY Financials

Q2 2026 vs Q2 2025 · SEC filings Q2 2025 Q2 2026
$0$7.0B$14.0B$21.0B$22.7B$24.6BRevenue$59.7M$156.0MOperating Income$-329,357,445$-428,000,000Net Income
$0$7.0B$14.0B$21.0BRevenueOperating IncomeNet Income

BA Revenue by Segment

Commercial Airplanes$11.8B+8.0%
Defense, Space & Security$7.5B+13.0%
Global Services$5.3B+1.0%

Figures from SEC filings and company reports. Not investment advice.