Boeing Company

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 $-2.3756 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 <a href="https://247wallst.com/investing/2025/12/05/lockheed-delivers-steady-defense-profits-as-boeing-burns-billions-ramping-production/">watching Boeing's long recovery</a> had been waiting for, even as $53.40 billion in debt remains a persistent overhang.