BA · The Boeing Company

The Boeing Company reported first quarter 2026 results showing revenue growth of 14% to $22.2 billion, primarily driven by higher commercial delivery volume of 143 airplanes. While the company reported a GAAP loss per share of ($0.11) and core loss per share (non-GAAP) of ($0.20), these represent improvements from the prior year's losses of ($0.16) and ($0.49) respectively. Operating cash flow was ($0.2) billion and free cash flow (non-GAAP) was ($1.5) billion, with cash usage reflecting debt repayments and free cash flow consumption during the quarter. The company's total backlog grew to a record $695 billion across all three segments. Commercial Airplanes revenue increased 13% to $9.2 billion with higher deliveries, though the segment reported an operating loss of $563 million and negative 6.1% margin. The 737 program continues producing at 42 per month, with certification of the 737-7 and 737-10 expected in 2026 and first deliveries anticipated in 2027. Defense, Space & Security revenue grew 21% to $7.6 billion with operating earnings of $233 million and 3.1% margin, reflecting higher volume and stabilizing operational performance. Global Services revenue increased 6% to $5.4 billion with operating earnings of $971 million and 18.1% margin. Management cited improved operational performance and favorable order timing as key drivers, while maintaining a continued focus on safety and quality. The company ended the quarter with $20.9 billion in cash and marketable securities and $47.2 billion in consolidated debt, with access to $10.0 billion in undrawn credit facilities.