Q2 25 EPS
$-1.24
BEAT +5.53%
Est. $-1.31
Q2 25 Revenue
$22.75B
BEAT +4.75%
Est. $21.72B
vs S&P Since Q2 25
-25.3%
TRAILING MARKET
BA -9.2% vs S&P +16.1%
Market Reaction
Did BA Beat Earnings? Q2 2025 Results
Boeing delivered a meaningful step forward in its recovery story in Q2 2025, posting a non-GAAP core loss of $1.24 per share against a consensus estimate of $1.31, a 5.53% beat, while revenue of $22.75 billion topped expectations by 4.75% and surged … Read more Boeing delivered a meaningful step forward in its recovery story in Q2 2025, posting a non-GAAP core loss of $1.24 per share against a consensus estimate of $1.31, a 5.53% beat, while revenue of $22.75 billion topped expectations by 4.75% and surged 34.9% year-over-year. The standout driver was a dramatic acceleration in commercial airplane deliveries, with 150 aircraft handed to customers during the quarter, a 63% jump from 92 in Q2 2024, as the 737 program reached a production rate of 38 per month. Operating cash flow swung to a positive $227 million, a striking reversal from negative $3.92 billion a year ago, signaling that the costly production ramp is beginning to yield results. A $445 million DOJ settlement charge weighed on GAAP results, contributing to a net loss of $612 million. CEO Kelly Ortberg signaled cautious optimism, noting the company intends to stabilize 737 output before seeking FAA approval to push rates to 42 per month later this year.
Key Takeaways
- • Commercial airplane deliveries increased 63% year-over-year to 150 units
- • 737 production rate reached 38 per month
- • Global Services operating margin expanded to 19.9% from 17.8% on favorable performance and mix
- • Defense, Space & Security margin improvement to 1.7% from negative 15.2% reflecting stabilizing operations
BA YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
BA Revenue by Segment
With YoY comparisons, source: SEC Filings
“Our fundamental changes to strengthen safety and quality are producing improved results as we stabilize our operations and deliver higher quality airplanes, products and services to our customers.”
— Kelly Ortberg, Q2 2025 Earnings Press Release
BA Earnings Trends
BA vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
BA EPS Trend
Earnings per share: estimate vs actual
BA Revenue Trend
Quarterly revenue: estimate vs actual
BA Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $-0.20 | — | $22.22B | — |
| Q4 25 BEAT FY | $0.03 | $9.92 | +32,966.67% | $23.95B | — |
| FY Full Year | $-9.59 | $1.19 | +112.41% | $89.46B | +1.18% |
| Q3 25 MISS | $-2.38 | $-7.47 | -214.45% | $23.27B | +5.16% |
| Q2 25 BEAT | $-1.31 | $-1.24 | +5.53% | $22.75B | +4.75% |
| Q1 25 BEAT | $-1.30 | $-0.49 | +62.39% | $19.50B | -1.50% |