Shares of Boeing (BA) are up by over 5% as of this writing on Wednesday after its Q1 2026 earnings beat Wall Street expectations for both revenue and profit. Boeing reported revenue of $22.2 billion, compared to analyst estimates of $21.91 billion and marking a 14% increase year-over-year. The company also posted an adjusted loss per share of $0.20, significantly better than the expected loss of $0.68. The results signaled progress in Boeing’s ongoing turnaround, supported by higher aircraft deliveries.
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Sales Climb on Higher Jet Deliveries
Boeing’s sales increased due to higher jet deliveries. Boeing delivered 143 commercial aircraft in the first three months of the year, up from 130 a year earlier. At the same time, the company’s total backlog increased to a record $695 billion.
Within its segments, the Defense, Space & Security segment posted a 50% increase in earnings to $233 million in the first quarter. During the period, its Space Launch System rocket, a joint project with Northrop Grumman (NOC), successfully supported NASA’s Artemis II mission around the moon. Meanwhile, Boeing’s Commercial Airplanes revenue rose 13% to $9.2 billion, helped by its highest first-quarter deliveries since 2019. However, the division still reported a loss of $563 million.
The screenshot below shows Boeing’s revenue across its segments over the past few quarters.
What Lies Ahead for Boeing?
Boeing has been increasing production of its aircraft, with 737 Max output now around 42 planes per month. Any further production hikes will need approval from the Federal Aviation Administration, following a near-catastrophic fuselage door plug failure in January 2024.
The company also said it still expects certification of its long-delayed 737 Max 7 and Max 10— the smallest and largest models in the Max family—later this year, with deliveries expected to begin in 2027.
Overall, Boeing is projected to deliver about 660 planes in 2026, up from 600 in 2025.
Is Boeing a Good Stock to Buy Right Now?
Turning to Wall Street, analysts have a Strong Buy consensus rating on BA stock based on 14 Buys and one Hold assigned in the past three months. The average BA price target of $274.92 per share implies 25.4% upside potential.
These ratings and price targets will likely change as analysts update their coverage following today’s earnings report.
