Boeing Company (BA)
NYSE:BA
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Earnings Data
Report Date
Aug 05, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
-0.26Last Year’s EPS
-1.24Same Quarter Last Year
Strong Buy
Based on 17 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call showed clear operational momentum and meaningful top-line growth across all three segments, with record backlog levels, improving program stability, production rate plans (737 ramp), and defense/services wins supporting a constructive outlook. The quarter also contained notable near-term headwinds — negative free cash flow, lingering negative BCA margins, supply-chain and certification delays (787 seats, 777X engine fix) and Spirit integration cash drag — but management provided concrete remediation plans and reiterated full-year positive free cash flow guidance and debt reduction progress. Overall, the positives around revenue growth, backlog, rate stabilization and segment-level improvements outweigh the near-term challenges, with execution and certification progress being key for sustaining the recovery.Company Guidance
Consolidated Revenue Growth
Consolidated revenue rose 14% year-over-year to $22.2 billion, driven by solid growth across Commercial Airplanes (BCA), Defense & Space (BDS) and Boeing Global Services (BGS).
Record Backlog and Strong Order Intake
Company backlog remains at an all-time high when combined across businesses (nearly $700 billion referenced by management); commercial backlog reported at $576 billion (over 6,100 airplanes), BDS backlog $86 billion and BGS backlog $33 billion. BDS booked $9 billion of orders and BGS $8 billion in the quarter (BGS book-to-bill 1.6).
Segment Revenue Momentum
BDS revenue grew 21% to $7.6 billion; BCA revenue increased 13% to $9.2 billion; BGS revenue was $5.4 billion (up 6% reported; up ~13% excluding the Digital Aviation Solutions divestiture).
Improving Operational Metrics and Productivity
737 program drove a nearly 20% reduction in final assembly rework hours versus Q1 2025; 787 rework hours improved by more than 25% year-over-year; a Renton drill-jig improvement reduced 737 wing tip defects by over 30%.
737 Production Stabilized and Rate Ramp Plan
737 production stabilized at 42 airplanes per month in the quarter with deliveries of 114 737s; management plans a ramp to 47/month this summer and eventual increase to 52/month after bringing the Everett North line online.
787 and 777X Certification Progress
FAA approved an increased MTOW for 787-9/-10 (allowing greater range/cargo); 777X advanced to TIA 4a testing and continues flight testing progress with first delivery still targeted for 2027; work on 737-7 and 737-10 certification progressing with 737-10 in final flight-test phases and certification expected later this year.
Defense & Space Operational Strength and Wins
BDS delivered 29 aircraft and 1 satellite; operating margin improved 60 bps to 3.1%; notable program performance and wins include KC-46 productivity nearing pre-pandemic levels (deliveries up), MQ-25 taxi tests complete with first flight imminent, expanded PAC-3 seeker production award, and large maintenance/support and landing gear exchange contracts.
BGS High Margins and Efficiency Gains
BGS achieved an operating margin of 18.1% and implemented automation/AI that reduced proposal cycle time by ~25% year-to-date; BGS continues to deliver double-digit margins in both commercial and government businesses.
Balance Sheet Progress
Cash and marketable securities stood at $20.9 billion; debt balance was reduced to $47.2 billion (down $6.9 billion in the quarter); undrawn $10 billion credit facilities retained. Management reiterated full-year free cash flow guidance of $1 to $3 billion and longer-term $10 billion target as attainable.
BA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
BA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 22, 2026 | $219.16 | $231.28 | +5.53% |
Jan 27, 2026 | $248.43 | $244.56 | -1.56% |
Oct 29, 2025 | $223.33 | $213.58 | -4.37% |
Jul 29, 2025 | $236.41 | $226.08 | -4.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Boeing Company (BA) report earnings?
Boeing Company (BA) is schdueled to report earning on Aug 05, 2026, Before Open (Confirmed).
What is Boeing Company (BA) earnings time?
Boeing Company (BA) earnings time is at Aug 05, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is BA EPS forecast?
BA EPS forecast for the fiscal quarter 2026 (Q2) is -0.26.
