Boeing Q2 Revenue Climbs 8% to $24.6B as Loss Narrows; Backlog Hits Record $715B
BA sits 22% above its 52-week low of $176.77.
Summary
Boeing reported Q2 2026 revenue of $24.6 billion, up 8%, with a narrower loss per share of $0.67 and operating cash flow of $1.4 billion. The record $715 billion backlog and progress on key certification programs signal improving operations, though the company remains in the red.
Key Events · Earnings and Guidance · BA
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Revenue and Deliveries Rise
Driven by 171 commercial deliveries—a 14% increase year-over-year—Q2 revenue climbed 8% to $24.6 billion. First-half revenue reached $46.8 billion, up 11%.
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Loss Narrows, Cash Flow Improves
The GAAP loss per share improved to ($0.67) from ($0.92) a year ago. Operating cash flow came in at $1.4 billion, up from $227 million, and free cash flow was $0.6 billion.
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Record Backlog of $715 Billion
Total backlog grew to a record $715 billion, including over 6,200 commercial airplanes valued at $597 billion, reflecting strong demand.
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Certification Milestones Achieved
Certification flight testing for the 737-7 and 737-10 is now complete, and the 777X received FAA approval to begin its own certification flight testing. First deliveries of all three variants are expected in 2027.
Analysis · BA · Manufacturing
Boeing's second-quarter results signal meaningful operational momentum: revenue rose 8% to $24.6 billion on the back of 171 commercial deliveries, operating cash flow swung to $1.4 billion from $227 million a year ago, and the loss per share narrowed to $0.67 from $0.92. The record $715 billion backlog, which includes over 6,200 commercial airplanes, underscores robust demand. Still, the company remains unprofitable on both a GAAP and core basis, and the defense segment posted a loss due to a $280 million charge on the VC-25B program. The results confirm the recovery trajectory but highlight that full profitability is still ahead.
At the time of this filing, BA was trading at $215.00 on NYSE in the Manufacturing sector, with a market capitalization of approximately $166.7B. The 52-week trading range was $176.77 to $254.35. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.