Boeing Q3: Loss Narrows to $0.26/Share, Cash Flow Positive, Backlog Hits Record $745B
BA is trading near its 52-week low of $176.77 (7.2% above the low).
Summary
Boeing posted a $0.26 per-share GAAP loss, or a 34-cent core non-GAAP loss versus the 21-cent loss analysts expected, on $24.2 billion of Q3 revenue that beat the $23.840 billion consensus, generated $1.5 billion of operating cash flow, and grew total backlog to a record $745 billion as 737-7 and 737-10 certifications cleared the MAX family.
Updated with a Benzinga report · What changed
Updates
· Benzinga — Boeing's Q3 core non-GAAP loss was 34 cents per share versus the 21-cent loss analysts expected, while revenue of $24.188 billion beat the $23.840 billion consensus.
Key Events · Earnings and Guidance · BA
-
Updated · · Benzinga
Q3 Loss Narrows Sharply
Revenue of $24.188 billion rose 4% and beat the $23.840 billion consensus; GAAP loss per share narrowed to $0.26 from $7.14 a year ago, while the core non-GAAP loss was 34 cents per share versus the 21-cent loss analysts expected; operating earnings were $354 million versus a $4.781 billion loss.
-
Cash Flow Turns Positive
Operating cash flow was $1.496 billion and free cash flow $464 million, despite roughly $0.7 billion of Department of Justice settlement payments in the quarter.
-
Commercial Airplanes Still Loss-Making
The segment lost $697 million on $10.720 billion of revenue, driven by less favorable delivery mix and higher projected costs for future production rate adjustments; the 737 program targets stabilized production of 47 per month.
-
Record $745B Backlog
Total backlog reached $745.431 billion, including $611.833 billion at Commercial Airplanes (over 6,300 airplanes) and a record $100.505 billion at Defense, Space & Security.
Analysis · BA · Manufacturing
The turnaround is real but still thin. Revenue rose 4% to $24.2 billion, beating the $23.840 billion consensus, and the company swung to a $354 million operating profit from a $4.8 billion loss a year ago, with operating cash flow of $1.5 billion even after roughly $0.7 billion of DOJ settlement payments. The core non-GAAP loss was 34 cents per share versus the 21-cent loss analysts expected, alongside the GAAP loss of $0.26 per share. The weak spot is Commercial Airplanes, which lost $697 million on less favorable delivery mix and higher projected costs tied to future production rate increases — the 737 line is still working toward a stabilized 47 per month. Defense carried the quarter with $492 million of earnings, helped by a $252 million gain on the HRL Laboratories sale, and the record $745 billion backlog (over 6,300 commercial airplanes) gives multi-year revenue visibility. Certification of the 737-7 and 737-10 removes a regulatory overhang on the MAX family.
How filings like this one have moved
In the 30 days to Oct 28, 2026, 30.5% of the 1494 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.03%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BA was trading at $189.49 on NYSE in the Manufacturing sector, with a market capitalization of approximately $148.8B. 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.