Boeing (NYSE:BA) Releases Earnings Results, Misses Estimates By $0.42 EPS

Boeing (NYSE:BA) issued its earnings results on Tuesday. The aircraft producer reported ($0.76) EPS for the quarter, missing the consensus estimate of ($0.34) by ($0.42), FiscalAI reports. Boeing had a negative return on equity of 346.82% and a net margin of 2.41%.The firm had revenue of $24.56 billion during the quarter, compared to the consensus estimate of $24.26 billion. During the same period last year, the business earned ($1.24) earnings per share. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year.

Here are the key takeaways from Boeing’s conference call:

• Improving financial performance: Second-quarter revenue rose 8% to $24.6 billion, operating margin improved to 0.6%, and free cash flow was positive at $631 million. Boeing reaffirmed its full-year free cash flow outlook of $1 billion to $3 billion and said it remains on track to be cash-flow positive for 2026.
• Commercial production and certification are advancing: Boeing delivered 171 commercial aircraft, its highest quarterly total since 2018, and is ramping 737 production to 47 aircraft per month. The 737-7 and 737-10 certification programs remain on track, with deliveries of both variants expected to begin in 2027, while 777-9 testing is more than 55% complete.
• Strong demand and backlog support the outlook: Commercial backlog reached a record $597 billion, representing more than 6,200 airplanes, while defense and services demand also remained robust. Management said higher commercial deliveries, improving defense performance, and continued growth in Global Services underpin its confidence in eventually reaching $10 billion in free cash flow.
• Defense program cost overruns remain a headwind: Boeing recorded a $280 million charge on the fixed-price VC-25B program after adding resources to protect the schedule and maintain a targeted 2028 delivery. BDS reported a negative 2.2% operating margin for the quarter, although margins were 3.5% excluding the charge.
• Execution risks persist at higher production rates: 787 engine deliveries from GE remain behind schedule, seat-certification work could make deliveries lumpy through year-end, and supply-chain performance will become more challenging as 737 production moves beyond 52 aircraft per month. Boeing is also negotiating a new SPEEA engineering contract ahead of its October expiration, creating a potential labor disruption risk.

Boeing Price Performance

BA traded up $4.78 during midday trading on Thursday, hitting $218.79. The company had a trading volume of 1,750,180 shares, compared to its average volume of 6,821,966. Boeing has a twelve month low of $176.77 and a twelve month high of $254.35. The company has a market capitalization of $172.47 billion, a PE ratio of 94.63 and a beta of 1.21. The company has a debt-to-equity ratio of 6.77, a quick ratio of 0.35 and a current ratio of 1.14. The firm’s 50-day simple moving average is $219.17 and its 200-day simple moving average is $224.07.

Insider Activity at Boeing

In related news, Director Bradley D. Tilden purchased 1,370 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average cost of $218.50 per share, with a total value of $299,345.00. Following the completion of the purchase, the director directly owned 1,370 shares of the company’s stock, valued at $299,345. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of BA. Charles Schwab Investment Management Inc. raised its position in shares of Boeing by 3.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,370,415 shares of the aircraft producer’s stock worth $948,905,000 after acquiring an additional 138,469 shares during the last quarter. Viking Global Investors LP boosted its holdings in Boeing by 31.3% in the fourth quarter. Viking Global Investors LP now owns 3,953,087 shares of the aircraft producer’s stock valued at $858,294,000 after acquiring an additional 942,536 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Boeing by 2.0% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,967,566 shares of the aircraft producer’s stock worth $644,318,000 after purchasing an additional 58,264 shares during the period. Alyeska Investment Group L.P. increased its position in Boeing by 245.7% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,252,450 shares of the aircraft producer’s stock worth $489,052,000 after purchasing an additional 1,600,909 shares during the period. Finally, Amundi raised its holdings in Boeing by 10.0% during the 4th quarter. Amundi now owns 2,185,964 shares of the aircraft producer’s stock worth $474,617,000 after purchasing an additional 198,770 shares during the last quarter. 64.82% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Robert W. Baird set a $300.00 price objective on shares of Boeing in a research note on Wednesday. Wolfe Research reiterated an “outperform” rating and set a $275.00 target price on shares of Boeing in a research report on Thursday, April 23rd. Morgan Stanley upped their target price on shares of Boeing from $245.00 to $250.00 and gave the company an “equal weight” rating in a research note on Thursday, April 23rd. Tigress Financial increased their price target on shares of Boeing from $290.00 to $295.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Btg Pactual set a $260.00 price target on shares of Boeing in a research note on Tuesday, July 14th. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $264.42.

Boeing News Summary

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Second-quarter revenue rose 8% year over year to $24.56 billion, exceeding analyst expectations. Commercial airplane deliveries reached their highest level since 2018, supporting hopes for a sustained production recovery. Boeing posts better-than-expected sales in Q2 CY2026
• Positive Sentiment: Investors largely looked past the quarterly loss because Boeing generated positive free cash flow, reaffirmed its full-year cash-flow guidance of $1 billion to $3 billion, and said its $10 billion long-term free-cash-flow goal remains attainable. Boeing reports narrower loss and FAA milestone
• Positive Sentiment: Management highlighted production increases, progress toward aircraft certifications, and a record $715 billion backlog. The FAA’s restoration of Boeing’s ability to self-certify airworthiness for newly produced 737 MAX and 787 aircraft could help reduce delivery bottlenecks and improve future cash generation. BA earnings call highlights production ramp and certification progress
• Positive Sentiment: JPMorgan raised its Boeing price target to $290 from $270 and maintained an overweight rating, citing the company’s recovery potential. RBC kept an outperform rating while setting a $265 target.
• Neutral Sentiment: Boeing’s reported loss was $0.76 per share, below consensus, partly because of a $280 million charge tied to rising costs for delayed Air Force One replacement aircraft. The company continues to face significant defense-program and fixed-price contract pressure. Boeing posts larger-than-expected Q2 loss
• Negative Sentiment: The FAA flagged a seat-installation quality issue affecting hundreds of 737 MAX jets, creating a potential near-term delivery and compliance concern. FAA flags Boeing MAX seat quality issue
• Negative Sentiment: JetZero’s government-backed $3 billion financing for its competing blended-wing aircraft has raised longer-term questions about Boeing’s competitive position if the design advances toward commercial production. JetZero blended-wing aircraft competition

About Boeing

Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.