Boeing Reports Third Quarter Results
Key Highlights
- ➤Q3 GAAP loss per share narrowed to $0.26 from $7.14
- ➤Q3 free cash flow reached $0.5 billion
- ➤Total backlog hit a record $745 billion, including over 6,300 commercial airplanes
- ➤737-7 achieved FAA amended type certification; 737-10 achieved certification in October
- ➤U.S. Navy selected Boeing to design and build the F/A-XX fighter aircraft
Expert Statements
Kelly Ortberg, President and Chief Executive Officer of Boeing
“Recent milestones, including certification of the 737-7 and 737-10 and selection to design and build the Navy's sixth-generation fighter aircraft, are important steps as we continue building on our progress. But we are not done. We remain focused on safety and quality as we redouble our efforts on Lean and disciplined execution to deliver on our commitments and build the durable performance our stakeholders expect.”
* 737-7 achieved amended type certification (ATC) from the FAA; 737-10 achieved ATC in October * Selected by the U.S. Navy to design, build and deliver the F/A-XX next generation fighter aircraft * Operating cash flow of $1.5 billion and free cash flow (non-GAAP)* of $0.5 billion * Total company backlog grew to a record $745 billion, including over 6,300 commercial airplanes Table 1. Summary Financial Results
Third QuarterNine Months (Dollars in Millions, except per share data)20262025Change20262025Change Revenues$24,188$23,2704 %$70,965$65,5158 % GAAP Earnings/(loss) from operations$354($4,781)NM$958($4,496)NM Operating margins1.5 %(20.5) %22.0 Pts1.3 %(6.9) %8.2 Pts Net loss($116)($5,339)NM($551)($5,982)NM Diluted loss per share($0.26)($7.14)NM($1.04)($8.25)NM Operating cash flow$1,496$1,12333 %$2,681($266)NM Non-GAAP* Core operating earnings/(loss)$204($5,049)NM$498($5,283)NM Core operating margins0.8 %(21.7) %22.5 Pts0.7 %(8.1) %8.8 Pts Core loss per share($0.34)($7.47)NM($1.30)($9.22)NM
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