Aerospace and defense company Boeing (BA) is scheduled to announce its second-quarter results on Tuesday, July 29. BA stock has advanced about 32% year-to-date, backed by the company’s improving prospects even as some concerns about quality issues persist. Strong travel demand is expected to drive the company’s commercial airplanes business, while the defense business is expected to gain from increased spending. Wall Street expects Boeing to report a narrower loss per share of $1.40 for Q2 2025 compared to $2.90 in the prior-year quarter.
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The improvement in Q2 bottom line is expected to be driven by a 31% year-over-year increase in revenue to $22.15 billion. Investors will look forward to management’s commentary on the company’s efforts to streamline operations, ramp deliveries, and address quality concerns.
Following Boeing’s market-beating Q1 2025 results, expectations are high for the momentum to continue.
As reflected in this chart from Main Street Data, Boeing’s Q1 2025 backlog increased about 3% year-over-year to $544.74 billion.
Analysts’ Views Ahead of Boeing’s Q2 Earnings
Heading into Q2 results, analysts at Wolfe stated that they expect momentum to continue into the reporting season, with Boeing and TransDigm (TDG) seen as key players in aerospace, and Curtiss-Wright (CW) and L3Harris (LHX) leading among defense names.
For Boeing, Wolfe analyst Myles Walton projects a stronger-than-expected Q2, driven by higher 737 and 787 deliveries as well as robust order activity. He noted that the company delivered more aircraft than it estimated, with over 100 737s and 24 787s delivered in the quarter. The 5-star analyst expects Boeing to report a core loss per share of $0.91 on $22.1 billion in sales. Walton expects free cash flow to come in at about $1 billion, reflecting significant upside from earlier guidance and from last quarter’s $2.3 billion in negative free cash flow. The analyst expects investors to focus on progress in Boeing’s production rate and updates on aircraft certifications, including the 737 MAX 7/10 and 777X programs.
Earlier this month, Susquehanna analyst Charles Minervino increased the price target for Boeing stock to $252 from $240, while maintaining a Buy rating. The analyst noted that Boeing delivered 60 aircraft during June and 150 in the second quarter. He added that the cumulative 737 deliveries in the first half of 2025 totaled 209. The analyst stated that following the June deliveries data, he continues to be encouraged by Boeing’s progress on the commercial production re-ramp, with the company reporting solid deliveries through the first half of this year.
AI Analyst Is Cautious on Boeing Stock Ahead of Q2 Print
Interestingly, TipRanks’ AI stock analyst has assigned a Neutral rating to Boeing stock with a price target of $222, indicating a 4.8% downside risk. According to TipRanks’ AI analysis, technical indicators and the positive earnings call sentiment offer some support for Boeing, but financial performance remains the key risk factor.
Here’s What Options Traders Anticipate Ahead of Boeing’s Q2 Earnings
Using TipRanks’ Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don’t worry, the Options tool does this for you.
Indeed, it currently says that options traders are expecting about a 4.76% move in either direction in Boeing stock in reaction to Q2 results.
Is BA a Good Stock to Buy?
Currently, Wall Street has a Strong Buy consensus rating on Boeing stock based on 18 Buys and two Holds. The average BA stock price target of $250.84 indicates 7.6% upside potential from current levels.
