$BA · BOEING CO
Boeing reported Q3 2026 results with revenue of $24.2B (+4% YoY) and a GAAP loss per share of ($0.26), a dramatic improvement from ($7.14) in Q3 2025. The quarter featured two major regulatory milestones: FAA amended type certification for the 737-7 and 737-10 certification in October. Defense, Space & Security won the U.S. Navy F/A-XX next-generation fighter contract. Operating cash flow reached $1.5B with free cash flow of $464M. Total backlog grew to a record $745B.
- Q3 GAAP loss per share of ($0.26) vs ($7.14) a year ago, a dramatic narrowing of losses.
- Q3 revenue of $24.2B, up 4% YoY, driven by 15% growth in Defense, Space & Security.
- Operating cash flow of $1.5B and free cash flow of $464M, both positive vs prior year.
- 737-7 received FAA amended type certification; 737-10 certified in October 2026.
- Total backlog hit a record $745B, including over 6,300 commercial airplanes worth $612B.
Extended-hours trading shows BA at $189.84, up 0.81% from the regular close of $188.31, suggesting a modestly positive initial reaction to the narrowed losses and certification milestones. The regular session had not yet traded on this filing.
Boeing's simultaneous certification of both 737 MAX variants and the F/A-XX win mark a potential inflection point after years of regulatory and operational crises.
Boeing's 737-7 and 737-10 certifications remove a major overhang that has plagued the company since the MAX grounding. The F/A-XX selection positions Boeing to dominate the next-generation fighter market, competing directly with Lockheed Martin and Northrop Grumman for the Navy's future carrier air wing.
Commercial Airplanes still posted a ($697M) operating loss with -6.5% margins on less favorable delivery mix and higher projected costs from future production rate adjustments. Consolidated debt remains elevated at $45.9B against $20.7B in cash and investments.