Highlights

  • Third quarter 2026 revenue was $24,188 million, and the GAAP net loss was $116 million, or $0.26 per diluted share.
  • Operating cash flow was $1,496 million and free cash flow, a non-GAAP measure, was $464 million for the third quarter.
  • The 737-7 received amended type certification, the 737-10 received certification in October, and the U.S. Navy selected Boeing for F/A-XX.
  • Total backlog stood at $745,431 million at September 30, 2026, with Commercial Airplanes backlog at $611,833 million.

The Boeing Company (NYSE: BA) shares were trading at USD 170.45 on October 27, 2026, down 9.48%, with a relative volume at time of 9.97. The aerospace company reported third quarter 2026 results on October 27, including a GAAP net loss of $116 million, amended type certification for the 737-7, certification for the 737-10 in October, and a U.S. Navy selection for the F/A-XX fighter aircraft.

Boeing is incorporated in Delaware and lists its principal executive offices at 929 Long Bridge Drive in Arlington, Virginia. The company reports three business segments: Commercial Airplanes, Defense, Space & Security, and Global Services. Its commercial deliveries include the 737, 767, 777 and 787 programs, and its defense deliveries include the AH-64 Apache, CH-47 Chinook, F-15, F/A-18, KC-46 Tanker, MH-139 and P-8 models.

Third Quarter Results

Boeing recorded third quarter 2026 revenue of $24,188 million, compared with $23,270 million in the third quarter of 2025. The company said revenue primarily reflected higher defense and services volume and the delivery mix in Commercial Airplanes. Earnings from operations were $354 million, compared with a loss from operations of $4,781 million a year earlier, and the operating margin was 1.5%.

The GAAP net loss was $116 million, compared with a net loss of $5,339 million in the third quarter of 2025. The diluted loss per share was $0.26, compared with $7.14. Core loss per share, a non-GAAP measure, was $0.34, and core operating earnings, also non-GAAP, were $204 million. For the nine months, revenue was $70,965 million and the net loss was $551 million, or $1.04 per diluted share.

Segments, Backlog and Programs

Commercial Airplanes delivered 161 airplanes in the quarter, against 160 a year earlier, with revenue of $10,720 million and a loss from operations of $697 million. The operating margin was negative 6.5%. Boeing said the margin reflected delivery mix, higher projected costs tied to future production rate adjustments and higher estimated supply chain costs. The segment booked 300 net orders, including orders from Turkish Airlines, Ethiopian Airlines and Lufthansa.

Defense, Space & Security revenue was $7,935 million and earnings from operations were $492 million. The company said the 6.2% operating margin primarily reflects a $252 million gain on the HRL Laboratories sale and improved operational performance. The U.S. Navy selected the segment for the F/A-XX contract, which is not included in backlog pending completion of the source selection and evaluation review process. Boeing also received a seven-year contract award to expand PAC-3 Seeker production.

Global Services revenue was $5,574 million and earnings from operations were $1,019 million. The segment captured a U.S. Army award for AH-64 Apache maintenance services and ended the quarter with backlog of $33 billion.

Total backlog was $745,431 million at September 30, 2026, against $682,207 million at December 31, 2025.

Cash Flow, Debt and Program Status

Operating cash flow was $1,496 million in the third quarter. Boeing said this reflected working capital timing, partly offset by Department of Justice settlement payments of approximately $0.7 billion. Additions to property, plant and equipment were $1,032 million, and free cash flow, a non-GAAP measure, was $464 million.

Cash and investments in marketable securities were $20.7 billion, compared with $20.0 billion at the start of the quarter. Consolidated debt was $45.9 billion at both dates. Credit facilities of $10.0 billion remain undrawn.

Boeing said the 737 program continues to progress toward stabilized production of 47 per month and that the 787 program remains at a production rate of 8 per month. The company said the 777X program continued 777-9 certification flight testing and remains on track for first delivery in 2027. The press release does not provide financial guidance for 2026 or later periods.