- Reports Q1 revenue of $22.22 billion, beating estimates of $21.79 billion.
- Net loss narrows to $7 million, or $0.11 per share, from a $31 million loss a year ago.
- Commercial airplane deliveries increased 10% year-over-year to 143 jets.
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Boeing Q1 revenue climbs 14% as record backlog hits $695 billion
Boeing Co. reported first-quarter revenue of $22.22 billion, a 14 percent increase year-over-year that surpassed analyst expectations, as the planemaker ramped up commercial jet deliveries and grew its backlog to a record $695 billion.
"The results validate our strategy," a Boeing spokesperson said in the earnings release. The company's focus on operational stability and managing its supply chain has started to yield improvements across its main business segments.
The Arlington, Virginia-based manufacturer posted a net loss of $7 million, or 11 cents per share, a significant improvement from the $31 million loss recorded in the same period last year. The performance beat Wall Street estimates, which had anticipated a larger loss. The company's operating cash flow, while still negative at -$179 million, showed a substantial improvement from the -$1.62 billion outflow a year ago.
Shares of Boeing rose nearly 3 percent in pre-market trading following the announcement. The results suggest the aerospace giant is making progress in its turnaround efforts after facing intense scrutiny over production and quality control, providing a positive signal for investors.
Segment Performance
Boeing's Commercial Airplanes division generated $9.20 billion in revenue, up 13 percent, driven by the delivery of 143 aircraft, a 10 percent increase from the 130 jets delivered in Q1 2025. The production rate for the 737 program is holding at 42 jets per month, while the 787 program is stable at eight per month. The commercial backlog now includes over 6,100 airplanes valued at $576 billion.
The Defense, Space & Security segment saw revenue jump 21 percent to $7.60 billion with an operating margin of 3.1 percent. The division secured a key agreement to expand PAC-3 missile seeker production and saw its backlog grow to a record $86 billion.
Global Services revenue increased 6 percent to $5.37 billion, with its backlog reaching a new high of $33 billion.
The improved financial results and record order book indicate that management's focus on production stability is beginning to pay off. Investors will be watching for the company to achieve positive free cash flow later this year and for updates on the certification of the 737-7 and 737-10 models, expected in 2026.
This article is for informational purposes only and does not constitute investment advice.
