Boeing Company (BA) Q2 2025 Earnings
How Did BA Stock React to Q2 2025 Earnings?
S&P 500 over the same 30 days: +2.15%.
Did BA Beat Earnings? Q2 2025 Results
Yes. Boeing Company reported Q2 2025 earnings of $-1.24 a share on Jul 29, 2025, beating the $-1.31 consensus estimate by 5.5%. Revenue was $22.7B against a $21.7B estimate.
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 <a href="https://247wallst.com/investing/2025/12/05/lockheed-delivers-steady-defense-profits-as-boeing-burns-billions-ramping-production/">costly production ramp</a> 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.
- 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
“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.”
Boeing Company CEO, on the earnings call
What Was Boeing Company's Outlook in Q2 2025?
Boeing plans to stabilize 737 production at 38 per month before requesting FAA approval to increase to 42 per month later this year. The 787 program is producing at seven per month. CEO Kelly Ortberg indicated the company remains focused on restoring trust and making continued progress in its recovery while operating in a dynamic global environment in the second half of the year.
BA YoY Financials
| Metric | Q2 2025 | Q2 2024 | Year over year |
|---|---|---|---|
| Revenue | $22.7B | $16.9B | +34.9% |
| Operating Income | −$176.0M | −$95.8M | +83.7% |
| Net Income | −$612.0M | −$388.6M | +57.5% |
BA Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.