Q3 25 EPS
$-7.47
MISS 214.45%
Est. $-2.38
Q3 25 Revenue
$23.27B
BEAT +5.16%
Est. $22.13B
vs S&P Since Q3 25
-12.8%
TRAILING MARKET
BA -5.5% vs S&P +7.3%
Market Reaction
Did BA Beat Earnings? Q3 2025 Results
Boeing's third quarter of 2025 delivered a sharply mixed verdict, revenue surged 30.4% year-over-year to $23.27 billion, beating the $22.13 billion consensus by 5.16%, yet the headline loss of $7.47 per share obliterated the $-2.38 analyst estimate b… Read more Boeing's third quarter of 2025 delivered a sharply mixed verdict, revenue surged 30.4% year-over-year to $23.27 billion, beating the $22.13 billion consensus by 5.16%, yet the headline loss of $7.47 per share obliterated the $-2.38 analyst estimate by 214.45%, a miss that tells only part of the story. The culprit was a $4.90 billion pre-tax charge on the 777X program, after an updated certification timeline pushed first delivery to 2027, a hit that alone added $6.45 to the per-share loss and obscured what was otherwise meaningful progress in CEO Kelly Ortberg's turnaround effort. Strip away the charge and the underlying picture brightens considerably: Boeing delivered 160 commercial aircraft, its highest quarterly total since 2018, with the 737 program stabilizing at 38 per month and receiving FAA agreement to ramp to 42. Perhaps most symbolically, the company generated positive free cash flow of $238 million after quarters of cash burn, a milestone that investors watching Boeing's long recovery had been waiting for, even as $53.40 billion in debt remains a persistent overhang.
Key Takeaways
- • 160 commercial airplane deliveries, highest quarterly total since 2018
- • 737 production stabilized at 38 per month
- • Higher commercial delivery volume driving revenue growth of 30% YoY
- • Global Services favorable commercial volume and mix producing 17.5% operating margin
- • Defense, Space & Security stabilizing operational performance with positive operating margin of 1.7%
BA YoY Financials
Q3 2025 vs Q3 2024, source: SEC Filings
BA Revenue by Segment
With YoY comparisons, source: SEC Filings
“With a sustained focus on safety and quality, we achieved important milestones in our recovery as we generated positive free cash flow in the quarter and jointly agreed with the FAA in October to increase 737 production to 42 per month.”
— Kelly Ortberg, Q3 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% |