Boeing (BCO) AI Stock Analysis

Company Guidance

Boeing expects approximately $2 billion of free cash flow in 2026, about $3 billion in 2027, about $6 billion in 2028, and $10 billion in 2029, with significant growth potential beyond $10 billion; 2027 free cash flow assumes 777 x certification by midyear 27, approximately $5 billion of CapEx, and 2028 and 2029 CapEx of around $4 billion each, or 3% to 4% on a normalized basis out in the future. Boeing is working toward 737 production at 47 airplanes per month, expects it will take us into next year to get fully stable at this rate, and targets rate 52 in the back half of 2027; it expects to deliver 90 to 100 787 airplanes in the year, but expects it to be closer to the lower end, start the transition to 10 per month yet this year, and deliver around 30 prebuilt 737-7 and 737-10 aircraft early next year. Boeing expects first 777-9 delivery in 2027, is currently producing approximately 1 per month, and expects to stay at that level for most of 2027; for 2029, it expects 737 deliveries closer to the mid to high fifties, around 12 per month on a 787, and positive free cash flow on the 777 x. BCA total deliveries are expected to be up 10% plus in 2027, BCA is expected to get to about breakeven in early 2028, BDS remains on a path to high single digit operating margins by the end of the BDS, and defense revenue growth is expected to be more towards the high. Middle single digit or higher going forward.