Boeing 8-K
PositiveEarningsLegal / investigation
737-7 gains amended FAA certification and 737-10 is certified; Navy selects Boeing to design and build the F/A-XX fighter.
Filed 2026-10-27 07:30 ET
- 2.02 Results of Operations
- 9.01 Financial Statements and Exhibits
Summary
Q3 2026 results: Boeing’s revenue grew on higher Defense and Global Services volume, partly offset by a less favorable commercial delivery mix. Boeing reported a GAAP loss per share, while operating cash flow and free cash flow were positive. The quarter included amended FAA type certification for the 737-7, certification of the 737-10, and selection by the U.S. Navy to design and build its F/A-XX next-generation fighter; total backlog reached a record.
Key Figures
| Metric | Q3 2026 | 9M 2026 |
|---|---|---|
| Revenue | $24.2B, +4% Y/Y | $71.0B, +8% Y/Y |
| Operating income (GAAP) | $354M, vs $(4.78)B | $958M, vs $(4.50)B |
| Core operating earnings (non-GAAP) | $204M, vs $(5.05)B | $498M, vs $(5.28)B |
| Operating margin (GAAP) | 1.5%, vs (20.5)% | 1.3%, vs (6.9)% |
| Core operating margin (non-GAAP) | 0.8%, vs (21.7)% | 0.7%, vs (8.1)% |
| Net loss | $(116)M, vs $(5.34)B | $(551)M, vs $(5.98)B |
| Diluted loss per share (GAAP) | $(0.26), vs $(7.14) | $(1.04), vs $(8.25) |
| Core loss per share (non-GAAP) | $(0.34), vs $(7.47) | $(1.30), vs $(9.22) |
| Operating cash flow | $1.50B, +33% Y/Y | $2.68B, vs $(266)M |
| Free cash flow (non-GAAP) | $464M, +95% Y/Y | $(359)M, vs $(2.25)B |
- Commercial Airplanes delivered 161 aircraft, including 124 737s, and recorded $10.7B in revenue, down 3% Y/Y. Its $697M operating loss primarily reflected less favorable delivery mix, higher projected costs from future production-rate adjustments and higher estimated supply-chain costs; the prior-year quarter included a 777X charge.
- Defense, Space & Security revenue rose 15% to $7.94B, with $492M in operating earnings, including a $252M gain on the HRL Laboratories sale and improved operating performance. Global Services revenue rose 4% to $5.57B and operating earnings rose 9% to $1.02B on higher volume and favorable volume and mix. Boeing also received a seven-year award to expand PAC-3 Seeker production and an Army award for AH-64 Apache fleet maintenance.
- Operating cash flow reflected working-capital timing, partly offset by ≈$0.7B in Department of Justice settlement payments; $1.03B of capital additions resulted in $464M of free cash flow. Quarter-end cash and marketable securities were $20.7B vs $20.0B at the start of the quarter; consolidated debt was $45.9B. Record total backlog was $745B, including over 6,300 commercial airplanes valued at $612B; Commercial Airplanes booked 300 net orders.
Guidance
No guidance in this filing.
Investor Takeaways
- Track whether 737 production progresses toward 47 aircraft per month and whether the 777X remains on track for its first delivery in 2027; those milestones would test Boeing’s ability to turn commercial backlog into deliveries.
- Watch the F/A-XX selection and review process: the award is not yet included in backlog pending completion of source selection and evaluation.
The summary is written by an AI model reading the filing.
Model 005 · prompt v111 · 2026-10-27 14:37:18Z