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Boeing's Q1 Loss Narrower Than Estimates, Revenues Increase Y/Y
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Key Takeaways
Boeing reported Q1 adjusted loss of 20 cents per share, beating estimates and improving year over year.
BA revenues rose 14% to $22.22B, driven by higher jet deliveries and growth across segments.
Backlog surged to $694.7B, while commercial deliveries climbed 10% to 143 planes.
The Boeing Company (BA - Free Report) incurred an adjusted loss of 20 cents per share in the first quarter of 2026, narrower than the Zacks Consensus Estimate of a loss of 95 cents. The bottom line improved from the year-ago quarter’s reported loss of 49 cents per share.
Including one-time items, the company reported a GAAP loss of 11 cents per share, narrower than the year-ago quarter’s reported loss of 16 cents.
BA’s Total Revenues
Revenues amounted to $22.22 billion, which outpaced the Zacks Consensus Estimate of $21.87 billion by 3.5%. The top line also surged 14% from the year-ago quarter’s reported figure of $19.5 billion.
The Boeing Company Price, Consensus and EPS Surprise
Backlog at the end of first-quarter 2026 totaled $694.7 billion, up from $521.3 billion recorded at the end of 2025.
BA’s Segmental Performances
Commercial Airplane: Revenues in this segment surged 13% year over year to $9.2 billion, driven by higher jet deliveries. The segment incurred an operating loss of $563 million compared with the year-ago quarter’s operating loss of $537 million.
During the quarter under review, Boeing delivered 143 commercial planes. The figure improved 10% year over year.
Boeing Defense, Space & Security (“BDS”): The segment recorded revenues of $7.6 billion, reflecting year-over-year growth of 21%. It generated an operating income of $233 million compared with the year-ago quarter’s figure of $155 million.
Global Services: The segment recorded revenues of $5.37 billion, reflecting year-over-year growth of 6%. This unit generated an operating income of $971 million compared with the year-ago quarter’s figure of $943 million.
BA’s Financial Condition
Boeing exited first-quarter 2026 with cash and cash equivalents of $9.44 billion and short-term and other investments of $11.46 billion. At the end of 2025, the company had cash and cash equivalents of $10.92 billion and short-term and other investments worth $18.49 billion.
Long-term debt amounted to $44.35 billion, down from $45.64 billion recorded at the end of 2025.
The company’s net cash used by operating activities in the first three months of 2026 was $0.18 billion compared with $1.62 billion in the year-ago quarter.
General Dynamics (GD - Free Report) is slated to report first-quarter results on April 29, before market open. The Zacks Consensus Estimate for earnings is pegged at $3.71 per share, which indicates a year-over-year increase of 1.4%.
GD’s long-term (three to five years) earnings growth rate is 9.2%. The Zacks Consensus Estimate for first-quarter sales is pegged at $12.73 billion, which indicates a year-over-year increase of 4.2%.
Textron (TXT - Free Report) is slated to report first-quarter results on April 30, before market open. The Zacks Consensus Estimate for earnings is pegged at $1.30 per share, indicating year-over-year growth of 1.6%.
TXT’s long-term earnings growth rate is 10.14%. The Zacks Consensus Estimate for first-quarter sales is pinned at $3.52 billion, indicating year-over-year growth of 6.5%.
L3Harris Technologies (LHX - Free Report) is slated to report first-quarter results on April 30, before market open. The Zacks Consensus Estimate for earnings is pegged at $2.53 per share, indicating year-over-year growth of 5%.
LHX’s long-term earnings growth rate is 17.17%. The Zacks Consensus Estimate for first-quarter sales is pinned at $5.42 billion, indicating year-over-year growth of 5.7%.
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Boeing's Q1 Loss Narrower Than Estimates, Revenues Increase Y/Y
Key Takeaways
The Boeing Company (BA - Free Report) incurred an adjusted loss of 20 cents per share in the first quarter of 2026, narrower than the Zacks Consensus Estimate of a loss of 95 cents. The bottom line improved from the year-ago quarter’s reported loss of 49 cents per share.
Including one-time items, the company reported a GAAP loss of 11 cents per share, narrower than the year-ago quarter’s reported loss of 16 cents.
BA’s Total Revenues
Revenues amounted to $22.22 billion, which outpaced the Zacks Consensus Estimate of $21.87 billion by 3.5%. The top line also surged 14% from the year-ago quarter’s reported figure of $19.5 billion.
The Boeing Company Price, Consensus and EPS Surprise
The Boeing Company price-consensus-eps-surprise-chart | The Boeing Company Quote
BA’s Total Backlog
Backlog at the end of first-quarter 2026 totaled $694.7 billion, up from $521.3 billion recorded at the end of 2025.
BA’s Segmental Performances
Commercial Airplane: Revenues in this segment surged 13% year over year to $9.2 billion, driven by higher jet deliveries. The segment incurred an operating loss of $563 million compared with the year-ago quarter’s operating loss of $537 million.
During the quarter under review, Boeing delivered 143 commercial planes. The figure improved 10% year over year.
Boeing Defense, Space & Security (“BDS”): The segment recorded revenues of $7.6 billion, reflecting year-over-year growth of 21%. It generated an operating income of $233 million compared with the year-ago quarter’s figure of $155 million.
Global Services: The segment recorded revenues of $5.37 billion, reflecting year-over-year growth of 6%. This unit generated an operating income of $971 million compared with the year-ago quarter’s figure of $943 million.
BA’s Financial Condition
Boeing exited first-quarter 2026 with cash and cash equivalents of $9.44 billion and short-term and other investments of $11.46 billion. At the end of 2025, the company had cash and cash equivalents of $10.92 billion and short-term and other investments worth $18.49 billion.
Long-term debt amounted to $44.35 billion, down from $45.64 billion recorded at the end of 2025.
The company’s net cash used by operating activities in the first three months of 2026 was $0.18 billion compared with $1.62 billion in the year-ago quarter.
BA’s Zacks Rank
The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Upcoming Defense Releases
General Dynamics (GD - Free Report) is slated to report first-quarter results on April 29, before market open. The Zacks Consensus Estimate for earnings is pegged at $3.71 per share, which indicates a year-over-year increase of 1.4%.
GD’s long-term (three to five years) earnings growth rate is 9.2%. The Zacks Consensus Estimate for first-quarter sales is pegged at $12.73 billion, which indicates a year-over-year increase of 4.2%.
Textron (TXT - Free Report) is slated to report first-quarter results on April 30, before market open. The Zacks Consensus Estimate for earnings is pegged at $1.30 per share, indicating year-over-year growth of 1.6%.
TXT’s long-term earnings growth rate is 10.14%. The Zacks Consensus Estimate for first-quarter sales is pinned at $3.52 billion, indicating year-over-year growth of 6.5%.
L3Harris Technologies (LHX - Free Report) is slated to report first-quarter results on April 30, before market open. The Zacks Consensus Estimate for earnings is pegged at $2.53 per share, indicating year-over-year growth of 5%.
LHX’s long-term earnings growth rate is 17.17%. The Zacks Consensus Estimate for first-quarter sales is pinned at $5.42 billion, indicating year-over-year growth of 5.7%.