EarningsQ2 2026 Earnings Report
MX:BA Q2 2026 EPS Results
Actual EPS-$12.90
Consensus EPS-$4.77
Beat/MissMissed by -$8.13
One Year Ago EPS-$21.04
MX:BA Q2 2026 Revenue Results
Actual Revenue$416.79B
Expected Revenue$411.76B
Beat/MissBeat by +$5.03B
YoY Revenue Growth+7.96%
Earnings Announcement Details
QuarterQ2 2026
Date07/28/2026
TimeBefore Open
Conference CallTuesday, July 28, 2026
MX:BA Upcoming Earnings
Boeing's next earnings date is estimated for October 28, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:BA Q2 2026 Earnings Call
0:00 / 0:00
Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call highlighted clear operational momentum: record commercial deliveries, revenue growth (+8%), positive free cash flow in the quarter, strong backlog and certification progress on several key airplane programs. Management reiterated confidence in meeting annual free cash flow guidance ($1–$3 billion), debt paydown and multi-year margin improvement targets. However, material near-term challenges remain — notably a $280 million VC-25B charge, continued depressed margins in some programs, seat certification lumpiness, engine supply timing for the 787, and labor negotiation risk — that temper the outlook. On balance, progress on production ramps, certification milestones, cash generation and backlog strength outweigh the current program-specific and supply-chain headwinds.Company Guidance
Consolidated Revenue Growth
Consolidated revenue of $24.6 billion, up 8% year-over-year, driven by growth across Commercial Airplanes, Defense & Space, and Global Services.
Record Quarterly Commercial Deliveries
BCA delivered 171 airplanes in the quarter — the highest quarterly total since 2018 — supporting BCA revenue of $11.8 billion (up 8%).
Positive Free Cash Flow and Improved Cash Profile
Free cash flow was positive $631 million in Q2; the company remains on track to be free-cash-flow-positive for the year and to meet its 2026 outlook of $1.0–$3.0 billion. Cash and marketable securities totaled $20 billion; debt declined to $45.9 billion (down $1.3 billion sequentially and $8.2 billion YTD).
Backlog and Market Demand Strength
Company cited a record backlog (~$715 billion consolidated; BCA backlog $597 billion including over 6,200 airplanes) and a long-term market outlook of ~44,000 new aircraft over the next 20 years, indicating exceptionally strong demand.
Certification Progress on Key Programs
FAA authorized Boeing to resume issuing airworthiness certificates for all 737 MAX and 787 airplanes; 737-7 testing complete with amended type certificate expected soon; 737-10 final test flight completed; 777-9 certification >55% complete with TIA 4B approval and ETOPS testing planned later this year.
Production Ramps and Factory Progress
737 production ramped to 47 airplanes/month after a successful Capstone review, low‑rate MAX production started on North Line (Everett) enabling the next planned rate break to 52/month; 787 production stabilized at 8/month in Charleston.
Defense & Space Execution and Awards
BDS revenue rose 13% to $7.5 billion; Milestone C achieved for T-7 and MQ-25 enabling low-rate initial production; $7 billion booked in BDS orders and backlog remained strong at $85 billion.
Global Services Resilience and Efficiency Gains
BGS revenue $5.3 billion (up 1% YoY; +8% ex-divestiture) with an 18.1% operating margin; examples of operational improvement include a 44% reduction in flow time on a P-8 modification program.
Supply Chain and Integration Progress
Improved transparency with suppliers, continuing integration of Spirit/Wichita with improving fuselage quality, and a pledged $1 billion investment in Wichita facilities and workforce to support ramps.
MX: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