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Boeing's Loss Widens, But Uncertainty Narrows
27 Oct
Summary
- Boeing reported a wider-than-expected adjusted loss of 34 cents per share.
- Revenue increased to $24.188 billion, surpassing analyst expectations.
- The company achieved a record backlog of $745 billion with over 6,300 aircraft orders.
Boeing announced its third-quarter 2026 financial results, reporting an adjusted loss of 34 cents per share, which was wider than analysts anticipated. However, the company's revenue increased by 4% year-over-year to $24.188 billion, surpassing Wall Street's expectations. This performance was bolstered by improved operating margins across its business segments, including Defense and Global Services, which saw significant revenue growth.
The Commercial Airplanes division experienced a revenue decline of 3% to $10.720 billion, attributed to a less favorable delivery mix and increased cost estimates. Despite this, the segment ended the quarter with a record backlog of $612 billion. Boeing generated $464 million in free cash flow during the quarter, though this was partially offset by a $700 million payment related to a Department of Justice settlement.
President and CEO Kelly Ortberg expressed optimism, stating that financial uncertainty is narrowing and anticipating stronger growth from the defense business. The company's total backlog reached an all-time high of $745 billion, comprising orders for over 6,300 commercial aircraft. Recent milestones, such as the certification of the 737-7 and 737-10, were highlighted as key steps forward.
