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Compared to Estimates, Boeing (BA) Q2 Earnings: A Look at Key Metrics

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Boeing (BA - Free Report) reported $24.56 billion in revenue for the quarter ended June 2026, representing a year-over-year increase of 8%. EPS of -$0.76 for the same period compares to -$1.24 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $24.05 billion, representing a surprise of +2.11%. The company delivered an EPS surprise of -123.53%, with the consensus EPS estimate being -$0.34.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Boeing performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Deliveries - Total: 171 versus 171 estimated by two analysts on average.
  • Deliveries - Commercial Airplanes - 737: 129 compared to the 129 average estimate based on two analysts.
  • Deliveries - Commercial Airplanes - 787: 25 versus the two-analyst average estimate of 25.
  • Deliveries - Commercial Airplanes - 777: 7 compared to the 7 average estimate based on two analysts.
  • Deliveries - Commercial Airplanes - 767: 10 compared to the 10 average estimate based on two analysts.
  • Revenues- Global Services: $5.34 billion versus the four-analyst average estimate of $5.26 billion. The reported number represents a year-over-year change of +1.2%.
  • Revenues- Defense, Space & Security: $7.48 billion versus the four-analyst average estimate of $7.01 billion. The reported number represents a year-over-year change of +13.1%.
  • Revenues- Commercial Airplanes: $11.75 billion versus $11.66 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +8.1% change.
  • Revenues- Unallocated items, eliminations and other: $-18 million versus $-49.14 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -21.7% change.
  • Earnings/(loss) from operations- Global Services: $968 million versus the three-analyst average estimate of $963.04 million.
  • Earnings/(loss) from operations- Commercial Airplanes: $-322 million versus $-387.74 million estimated by three analysts on average.
  • Earnings/(loss) from operations- Defense, Space & Security: $-15 million versus $228.07 million estimated by three analysts on average.

View all Key Company Metrics for Boeing here>>>

Shares of Boeing have returned -1.5% over the past month versus the Zacks S&P 500 composite's +1.7% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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