Boeing Posts Wider-Than-Expected Loss but Revenue Tops Estimates, Backlog Hits Record $745B
BA is trading near its 52-week low of $168.42 (1.1% above the low) on elevated volume (3.0× avg).
Summary
Boeing's Q3 core loss came in at 34 cents a share versus the 21 cents analysts expected, and the stock plunged to an 18-month low on production delays and the cash flow outlook. Revenue rose 4% to $24.188 billion, ahead of the $23.840 billion consensus, while GAAP operating earnings swung to $354 million from a $4.781 billion loss a year earlier and operating margin improved to 1.5% from negative 20.5%. Cash generation was the bright spot: $1.496 billion in operating cash flow and $464 million of free cash flow, even after roughly $700 million of DOJ settlement payments. Commercial Airplanes remains the weak link, with revenue down 3% to $10.720 billion and a negative 6.5% operating margin on delivery mix and higher production-cost estimates, though total backlog reached a record $745 billion and Defense posted 15% revenue growth to $7.935 billion at a 6.2% margin. CEO Kelly Ortberg said financial uncertainty across the portfolio is narrowing and expects stronger defense growth; the 777X first delivery target stays at 2027 and 737 production is still working toward 47 a month.
At the time of this announcement, BA was trading at $170.35 on NYSE in the Manufacturing sector, with a market capitalization of approximately $134.6B. The 52-week trading range was $168.42 to $254.35. This news item was assessed with negative market sentiment and an importance score of 7 out of 10. Source: Benzinga.