Q2 26 EPS
$-0.76
MISS 123.53%
Est. $-0.34
Q2 26 Revenue
$24.56B
vs S&P Since Q2 26
+6.4%
BEATING MARKET
BA +10.9% vs S&P +4.4%
Market Reaction
Did BA Beat Earnings? Q2 2026 Results
Boeing delivered a sharper-than-expected loss in Q2 2026, casting a shadow over what was otherwise a quarter of genuine operational progress. The aerospace giant posted a core loss per share of $-0.76, missing the Wall Street consensus of $-0.34 by 1… Read more Boeing delivered a sharper-than-expected loss in Q2 2026, casting a shadow over what was otherwise a quarter of genuine operational progress. The aerospace giant posted a core loss per share of $-0.76, missing the Wall Street consensus of $-0.34 by 123.53%, even as revenue climbed 8.0% year-over-year to $24.56 billion on the back of 171 commercial airplane deliveries, up 14% from the year-ago quarter. The primary drag came from Boeing's Defense, Space and Security segment, which swung to an operating loss of $15.00 million from a profit of $110.00 million a year ago, weighed down by $280.00 million in additional charges on the VC-25B presidential aircraft program. On the brighter side, free cash flow turned positive at $631.00 million, compared to negative $200.00 million in Q2 2025, underscoring the gradual traction of CEO Kelly Ortberg's turnaround efforts. Boeing anticipates 737-7 and 737-10 certifications in 2026, with first deliveries for both variants expected in 2027, while the 777X program also targets a 2027 first delivery following recent FAA approval for certification flight testing.
Key Takeaways
- • Higher commercial airplane delivery volume (171 deliveries, up 14% YoY)
- • Favorable mix and improved performance in Commercial Airplanes
- • Higher volume in Defense, Space & Security
- • Favorable working capital timing boosting operating cash flow
- • Debt repayments reducing consolidated debt
BA Forward Guidance & Outlook
Boeing anticipates certification of the 737-7 and 737-10 in 2026 with first deliveries in 2027 for both variants. The 777X program received FAA approval to begin certification flight testing and the company continues to anticipate first delivery in 2027. The 737 program is transitioning to 47 per month production rate. The VC-25B presidential aircraft program anticipates first delivery in 2028. Management indicated there is more work ahead in the second half of the year but expressed confidence that momentum is moving Boeing in the right direction.
BA YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
BA Revenue by Segment
With YoY comparisons, source: SEC Filings
“I'm very pleased with the progress our team is making as we execute our plan. Our operations are more stable and key certification programs remain on plan. Our focus has been on restoring trust and we are now building on that through a sustained focus on safety, quality, and on-time performance.”
— Kelly Ortberg, Q2 2026 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
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 MISS | $-0.34 | $-0.76 | -123.53% | $24.56B | — |
| Q1 26 BEAT | $-0.68 | $-0.20 | +70.52% | $22.22B | +1.39% |
| Q4 25 BEAT FY | $-0.39 | $9.92 | +2,612.66% | $23.95B | +5.00% |
| 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% |