Boeing announced second-quarter revenue of $24.6 billion on July 28, 2026, an 8% increase from the same period last year.
The growth was driven by higher commercial aircraft deliveries.
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Operating cash flow reached $1.4 billion, while adjusted free cash flow turned positive at $631 million.
The revenue figure exceeded the Bloomberg consensus estimate of $24.26 billion.
However, the company reported a core loss per share of $0.76, wider than the projected $0.28 loss.
Results were impacted by a $280 million charge in the Air Force One defense program.
Segment Performance
Commercial Airplanes revenue rose 8% to $11.8 billion, narrowing the division's operating margin loss to 2.7%.
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Defense, Space & Security revenue increased 13% to $7.5 billion, but swung to a negative 0.2% margin due to investments in the VC-25B project.
Commercial deliveries totaled 171 aircraft in the quarter, led by 129 units of the 737 Max.
The 737 program is transitioning to a production rate of 47 per month and activated a new North Line in July.
Certification flight testing for the 737-7 and 737-10 variants is complete, with full approval expected later in 2026.
Boeing reiterated its full-year free cash flow target of $1 billion to $3 billion.
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CEO Ortberg, in an internal memo, emphasized safety, quality, and on-time performance as keys to a stronger second half.
