Boeing Company
Q4 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: −1.37%.
Did BA Beat Earnings? Q4 2025 Results
Boeing delivered a stunning headline beat in Q4 2025, posting EPS of $9.92 against a consensus estimate of just $0.03 — a 32,966.67% beat — though the number carries a major asterisk: a $9.67 billion gain from the divestiture of its Digital Aviation Solutions business contributed roughly $11.83 per share, meaning core operations remain in recovery rather than triumph. Revenue of $23.95 billion topped the $22.90 billion consensus by 4.57% and surged 57.1% year-over-year, powered by a dramatic rebound in commercial deliveries — 160 planes in the quarter versus just 57 a year earlier, when a machinist strike paralyzed production. Strip away the divestiture windfall and Boeing's Commercial Airplanes segment still carries a negative operating margin, a stark reminder of how much runway the recovery still requires — a contrast to <a href="https://247wallst.com/investing/2025/12/05/lockheed-delivers-steady-defense-profits-as-boeing-burns-billions-ramping-production/">defense peers posting steady profits</a>. Looking ahead, the 737 program has reached 42 planes per month, the 787 is transitioning to eight, and first delivery of the 777-9 remains targeted for 2027.
- Commercial airplane deliveries increased to 160 in Q4, up 181% year-over-year
- $9.6 billion gain on sale of Digital Aviation Solutions transaction
- 737 production rate increased to 42 per month
- Higher government volume in Global Services
- Improved operational performance across segments
“We made significant progress on our recovery in 2025 and have set the foundation to keep our momentum going in the year ahead. We completed the acquisition of Spirit AeroSystems and the sale of portions of the Digital Aviation Solutions business and remain focused on promoting stable operations, completing our development programs, rebuilding trust with our stakeholders, and fully restoring Boeing to the iconic company we all know it can be.”
Boeing CEO, on the earnings call
Forward Guidance & Outlook
Boeing anticipates first delivery of the 777-9 in 2027. The 737 program has increased to 42 per month production rate, and the 787 program is transitioning to eight per month. The company received FAA approval to begin the final phase of 737-10 certification flight testing. Management is focused on promoting stable operations, completing development programs, and rebuilding stakeholder trust.
BA YoY Financials
BA Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.