Boeing reported second quarter 2026 financial results, highlighting increased commercial airplane deliveries, improved cash flow, and continued progress in operational stability.
The company recorded revenue of $24.6 billion, an increase of 8% compared with the same period in 2025, primarily driven by 171 commercial aircraft deliveries during the quarter.
Boeing reported a GAAP loss per share of ($0.67) and a core loss per share (non-GAAP) of ($0.76). The company generated $1.4 billion in operating cash flow and $0.6 billion in free cash flow (non-GAAP), supported by higher commercial deliveries and favorable working capital performance.
Boeing’s total company backlog increased to a record $715 billion, including more than 6,200 commercial airplanes, reflecting strong demand across its portfolio.
“I’m very pleased with the progress our team is making as we execute our plan. Our operations are more stable and key certification programs remain on plan. Our focus has been on restoring trust and we are now building on that through a sustained focus on safety, quality, and on-time performance,” said Kelly Ortberg, Boeing President and Chief Executive Officer. “While there is more work ahead in the second half of the year, the momentum we are building continues to move Boeing in the right direction.”
Financial Highlights
During the second quarter of 2026, Boeing recorded revenue of $24.6 billion, representing an 8% increase compared with the same period last year. The company reported GAAP operating earnings of $156 million, an operating margin of 0.6%, and a net loss of $428 million. Operating cash flow stood at $1.4 billion, while free cash flow (non-GAAP) reached $0.6 billion.
For the first half of 2026, Boeing reported revenue of $46.8 billion, reflecting an 11% increase year-over-year. Operating earnings reached $604 million, marking a 112% improvement, while the company’s net loss narrowed to $435 million compared with $643 million in the previous year. The operating margin for the first half stood at 1.3%.
Cash and Liquidity
Boeing ended the quarter with $20.0 billion in cash and investments in marketable securities, compared with $20.9 billion at the beginning of the quarter. Consolidated debt decreased to $45.9 billion, reflecting debt repayment during the period.
The company continues to maintain financial flexibility through access to $10.0 billion in undrawn credit facilities.
Commercial Airplanes Segment
Boeing’s Commercial Airplanes segment delivered 171 aircraft during the second quarter of 2026, representing a 14% increase compared with 150 deliveries in the same period last year. First-half deliveries reached 314 aircraft, up 12% year-over-year.
The increase in deliveries contributed to improved revenue performance, while Boeing continued investments in production capacity at facilities including Charleston and St. Louis to support future demand and program execution.
Operational Progress
Boeing said its operations continue to stabilize, with key certification programmes progressing as planned. The company remains focused on improving safety, quality, production performance and delivery timelines as it works to strengthen customer confidence and support long-term growth.
