OpenNashEarnings

Aerospace · NYSE: BA

Boeing earnings: results, call transcripts & KPI history

2 quarters · fiscal year ends December · next results expected around 26 Jan 2027

Investor relations ↗SEC filings ↗KPIs as CSV

Latest: Q3 2026

Boeing reported third quarter revenue of $24.2 billion, GAAP loss per share of ($0.26), core loss per share (non-GAAP) of ($0.34), operating cash flow of $1.5 billion and a record total backlog of $745 billion.

Boeing's third quarter revenue was $24.2 billion, up 4% from a year ago, helped by higher defense and services volume. It still lost money, with a GAAP loss per share of ($0.26), but that was far better than the ($7.14) loss a year earlier, which included a 777X charge. Operating cash flow was $1.5 billion and free cash flow was $0.5 billion. The 737-7 and 737-10 were certified, and Boeing won the Navy's F/A-XX fighter. Backlog hit a record $745 billion.

Read the Q3 2026 summary →Q3 2026 slides (PDF) ↗Official transcript (PDF) ↗

Quarters

KPI history

Revenue$24.2B+3.9% y/yQ3 2026
Q4 2024: $15.2B (worked out from the annual figure)Q4 ’24$15.2BQ1 2025: $19.5BQ1 ’25$19.5BQ2 2025: $22.7BQ2 ’25$22.7BQ3 2025: $23.3BQ3 ’25$23.3BQ4 2025: $23.9B (worked out from the annual figure)Q4 ’25$23.9BQ1 2026: $22.2BQ1 ’26$22.2BQ2 2026: $24.6BQ2 ’26$24.6BQ3 2026: $24.2BQ3 ’26$24.2B

Fourth quarter worked out from the annual figure.

Data
Q4 2024$15.2B *
Q1 2025$19.5B
Q2 2025$22.7B
Q3 2025$23.3B
Q4 2025$23.9B *
Q1 2026$22.2B
Q2 2026$24.6B
Q3 2026$24.2B
Diluted EPS (GAAP)-$0.26+96.4% y/yQ3 2026
Q1 2025: -$0.16Q1 ’25-$0.16Q2 2025: -$0.92Q2 ’25-$0.92Q3 2025: -$7.14Q3 ’25-$7.14Q1 2026: -$0.11Q1 ’26-$0.11Q2 2026: -$0.67Q2 ’26-$0.67Q3 2026: -$0.26Q3 ’26-$0.26
Data
Q1 2025-$0.16
Q2 2025-$0.92
Q3 2025-$7.14
Q1 2026-$0.11
Q2 2026-$0.67
Q3 2026-$0.26

Fourth-quarter EPS appears once the press release is read; filings report it only for the full year.

Operating margin1.5%+22.0 pts y/yQ3 2026
Q4 2024: -24.7%Q4 ’24-24.7%Q1 2025: 2.4%Q1 ’252.4%Q2 2025: -0.8%Q2 ’25-0.8%Q3 2025: -20.5%Q3 ’25-20.5%Q4 2025: 36.7%Q4 ’2536.7%Q1 2026: 2.0%Q1 ’262.0%Q2 2026: 0.6%Q2 ’260.6%Q3 2026: 1.5%Q3 ’261.5%
Data
Q4 2024-24.7%
Q1 20252.4%
Q2 2025-0.8%
Q3 2025-20.5%
Q4 202536.7%
Q1 20262.0%
Q2 20260.6%
Q3 20261.5%
Free cash flow$464.0M+95.0% y/yQ3 2026
Q4 2024: -$4.1BQ4 ’24-$4.1BQ1 2025: -$2.3BQ1 ’25-$2.3BQ2 2025: -$200.0MQ2 ’25-$200.0MQ3 2025: $238.0MQ3 ’25$238.0MQ4 2025: $375.0MQ4 ’25$375.0MQ1 2026: -$1.5BQ1 ’26-$1.5BQ2 2026: $631.0MQ2 ’26$631.0MQ3 2026: $464.0MQ3 ’26$464.0M
Data
Q4 2024-$4.1B
Q1 2025-$2.3B
Q2 2025-$200.0M
Q3 2025$238.0M
Q4 2025$375.0M
Q1 2026-$1.5B
Q2 2026$631.0M
Q3 2026$464.0M

Operating cash flow minus capital expenditure, from cash flow statements.

Q4 2024Q1 2025Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026
Revenue$15.2Bd$19.5B$22.7B$23.3B$23.9Bd$22.2B$24.6B$24.2B
Gross margin-10.4%12.4%10.7%-10.2%7.6%11.5%9.8%9.0%
Operating income-$3.8Bd$461.0M-$176.0M-$4.8B$8.8Bd$448.0M$156.0M$354.0M
Operating margin-24.7%2.4%-0.8%-20.5%36.7%2.0%0.6%1.5%
Net income-$3.9Bd-$37.0M-$611.0M-$5.3B$8.2Bd-$4.0M-$444.0M-$116.0M
Diluted EPS—-$0.16-$0.92-$7.14—-$0.11-$0.67-$0.26
Operating cash flow-$3.5Bd-$1.6B$227.0Md$1.1Bd$1.3Bd-$179.0M$1.4Bd$1.5Bd
Capital expenditure$648.0Md$674.0M$427.0Md$885.0Md$956.0Md$1.3B$733.0Md$1.0Bd
Free cash flow-$4.1B-$2.3B-$200.0M$238.0M$375.0M-$1.5B$631.0M$464.0M
R&D expense$836.0Md$844.0M$910.0M$897.0M$964.0Md$903.0M$921.0M$830.0M

From XBRL data in 10-Q and 10-K filings. d derived: a fourth quarter is the full year minus the first nine months, and cash flows are year-to-date figures differenced.

10-Q and 10-K filings