Boeing reported second-quarter 2026 revenue of $24.6 billion and a GAAP diluted loss per share of ($0.67), with a core (non-GAAP) loss per share of ($0.76). The company generated operating cash flow of $1.4 billion and free cash flow (non-GAAP) of $0.6 billion, while total backlog increased to a record $715 billion. Boeing noted improved commercial delivery volume and favorable working capital timing as drivers of the quarter's results.

Financial Highlights

  • Revenue: $24,560 million for second quarter 2026 (up 8% vs. Q2 2025).
  • GAAP diluted loss per share: ($0.67) for the quarter.
  • Core (non-GAAP) diluted loss per share: ($0.76) for the quarter.
  • Earnings/(loss) from operations (GAAP): $156 million for the quarter; operating margin 0.6%.
  • Operating cash flow: $1,364 million for the quarter; Free cash flow (non-GAAP): $631 million for the quarter.

Business Highlights

  • Commercial Airplanes delivered 171 airplanes in the quarter and reported second-quarter revenue of $11.8 billion; backlog exceeded 6,200 airplanes valued at $597 billion.
  • 737 program transitioned production toward a 47-per-month rate during the quarter and activated low-rate initial production on the 737 North Line in July; 737-7 and 737-10 certification flight testing completed with anticipated certification in 2026 and first deliveries in 2027.
  • 777X received FAA approval to begin certification flight testing under Type Inspection Authorization 4B; company anticipates first delivery in 2027.
  • Defense, Space & Security continued program milestones: secured a U.S. Space Force award for proprietary communications, completed first flight and received Milestone C for MQ-25A Stingray, and began low-rate initial production of the T-7A Red Hawk; results include VC-25B program losses tied to additional production and certification investments.
  • Global Services captured new awards including U.S. Navy P-8A training systems work and an agreement with Alaska Airlines to integrate Boeing Virtual Airplane training solutions; Global Services revenue was $5.3 billion with operating margin of 18.1%.

Original SEC Filing:

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