Boeing (NYSE:BA) Issues Quarterly Earnings Results

Boeing (NYSE:BA) issued its quarterly earnings results on Tuesday. The aircraft producer reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.42), FiscalAI reports. The business had revenue of $24.56 billion during the quarter, compared to the consensus estimate of $24.26 billion. During the same quarter in the prior year, the company posted ($1.24) earnings per share. The firm’s revenue for the quarter was up 8.0% on a year-over-year basis.

Here are the key takeaways from Boeing’s conference call:

• Improving financial performance: Second-quarter revenue rose 8% to $24.6 billion, operating margin improved to 0.6%, and free cash flow was positive at $631 million. Boeing reaffirmed its full-year free cash flow outlook of $1 billion to $3 billion and said it remains on track to be cash-flow positive for 2026.
• Commercial production and certification are advancing: Boeing delivered 171 commercial aircraft, its highest quarterly total since 2018, and is ramping 737 production to 47 aircraft per month. The 737-7 and 737-10 certification programs remain on track, with deliveries of both variants expected to begin in 2027, while 777-9 testing is more than 55% complete.
• Strong demand and backlog support the outlook: Commercial backlog reached a record $597 billion, representing more than 6,200 airplanes, while defense and services demand also remained robust. Management said higher commercial deliveries, improving defense performance, and continued growth in Global Services underpin its confidence in eventually reaching $10 billion in free cash flow.
• Defense program cost overruns remain a headwind: Boeing recorded a $280 million charge on the fixed-price VC-25B program after adding resources to protect the schedule and maintain a targeted 2028 delivery. BDS reported a negative 2.2% operating margin for the quarter, although margins were 3.5% excluding the charge.
• Execution risks persist at higher production rates: 787 engine deliveries from GE remain behind schedule, seat-certification work could make deliveries lumpy through year-end, and supply-chain performance will become more challenging as 737 production moves beyond 52 aircraft per month. Boeing is also negotiating a new SPEEA engineering contract ahead of its October expiration, creating a potential labor disruption risk.

Boeing Price Performance

Shares of BA traded down $8.75 during trading hours on Wednesday, hitting $212.81. The stock had a trading volume of 1,503,386 shares, compared to its average volume of 6,802,804. The stock has a market capitalization of $167.76 billion, a price-to-earnings ratio of 103.87 and a beta of 1.21. The company has a debt-to-equity ratio of 7.42, a current ratio of 1.18 and a quick ratio of 0.35. The company’s fifty day moving average is $219.32 and its two-hundred day moving average is $224.16. Boeing has a 52 week low of $176.77 and a 52 week high of $254.35.

More Boeing News

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Improving operating performance: Second-quarter revenue rose 8% year over year to $24.6 billion, supported by 171 commercial aircraft deliveries—the highest quarterly level since 2018. Boeing also generated approximately $0.6 billion in free cash flow and $1.4 billion in operating cash flow. Boeing Q2 results and cash-flow reaffirmation
• Positive Sentiment: Cash guidance reaffirmed: Management maintained its 2026 free-cash-flow outlook of $1 billion to $3 billion, reinforcing the view that production increases and customer payments are helping the turnaround. Reuters Boeing earnings report
• Positive Sentiment: Record backlog and regulatory progress: Total backlog reached a record $715.3 billion, including more than 6,200 commercial aircraft. The FAA also restored Boeing’s ability to self-certify airworthiness for newly produced 737 MAX and 787 aircraft, potentially reducing delivery bottlenecks. Boeing recovery signs and backlog report
• Neutral Sentiment: Analyst and media enthusiasm: Jim Cramer characterized Boeing as “ready to run,” while some analysts highlighted the backlog and cash-flow improvement. Such commentary may support sentiment but does not change the company’s fundamentals. Jim Cramer Boeing commentary
• Negative Sentiment: Defense losses remain a major risk: Boeing recorded a $280 million additional charge on the delayed Air Force One replacement program, contributing to a core loss of $0.76 per share versus an expected $0.34 loss. Defense, Space & Security moved into an operating loss despite revenue growth. Boeing Air Force One earnings report
• Negative Sentiment: Quality and reputational concerns persist: The FAA directed inspections of seats on 453 737 MAX aircraft after installation issues, while a separate report linked a Boeing aircraft operated by a U.S. contractor to alleged weapons and drone transport for Sudan’s RSF. These developments could increase scrutiny and execution risk. FAA 737 MAX seat inspection report

Insider Transactions at Boeing

In other news, Director Bradley D. Tilden purchased 1,370 shares of Boeing stock in a transaction on Wednesday, May 20th. The shares were purchased at an average cost of $218.50 per share, for a total transaction of $299,345.00. Following the completion of the transaction, the director directly owned 1,370 shares in the company, valued at approximately $299,345. This represents a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of BA. Davis R M Inc. grew its position in Boeing by 1.5% during the 4th quarter. Davis R M Inc. now owns 3,141 shares of the aircraft producer’s stock worth $682,000 after acquiring an additional 47 shares during the last quarter. Bank of Jackson Hole Trust raised its position in Boeing by 5.9% in the 4th quarter. Bank of Jackson Hole Trust now owns 896 shares of the aircraft producer’s stock valued at $195,000 after purchasing an additional 50 shares during the last quarter. Financial Advisors Network Inc. raised its position in Boeing by 2.8% in the 2nd quarter. Financial Advisors Network Inc. now owns 2,082 shares of the aircraft producer’s stock valued at $436,000 after purchasing an additional 57 shares during the last quarter. Investor s Fiduciary Advisor Network LLC boosted its stake in Boeing by 3.8% in the fourth quarter. Investor s Fiduciary Advisor Network LLC now owns 1,645 shares of the aircraft producer’s stock worth $357,000 after purchasing an additional 60 shares in the last quarter. Finally, Quest Investment Management LLC boosted its stake in Boeing by 1.8% in the third quarter. Quest Investment Management LLC now owns 3,379 shares of the aircraft producer’s stock worth $729,000 after purchasing an additional 60 shares in the last quarter. Institutional investors own 64.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on BA shares. Wolfe Research restated an “outperform” rating and issued a $275.00 price objective on shares of Boeing in a research note on Thursday, April 23rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of Boeing in a research note on Tuesday, July 21st. Tigress Financial increased their price target on shares of Boeing from $290.00 to $295.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Citigroup raised their price target on shares of Boeing from $256.00 to $260.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Finally, Btg Pactual set a $260.00 price objective on shares of Boeing in a report on Tuesday, July 14th. One research analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, Boeing presently has an average rating of “Moderate Buy” and a consensus target price of $263.37.

About Boeing

Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.