Boeing Reports First Quarter 2026 Results

First Quarter 2026

  • Revenue increased to $22.2 billion primarily reflecting 143 commercial deliveries
  • GAAP loss per share of ($0.11) and core loss per share (non-GAAP)* of ($0.20)
  • Operating cash flow of ($0.2) billion and free cash flow (non-GAAP)* of ($1.5) billion
  • Total company backlog grew to a record $695 billion, including over 6,100 commercial airplanes

The Boeing Company reported a first-quarter revenue of $22.2 billion for 2026, navigating a complex landscape of high production demand and necessary capital reinvestment. While the aerospace giant posted a net loss, a record-breaking backlog of nearly $700 billion signals robust long-term demand for its commercial and defense platforms.

The financial results, released for the period ending March 31, 2026, reveal a GAAP diluted loss per share of $0.11. These figures reflect a transitional phase for the company as it balances a 14% year-over-year revenue increase against the heavy costs of stabilizing its global supply chain. The quarterly performance was heavily influenced by increased delivery volumes in the commercial sector, which saw 143 aircraft reach customers—the company’s strongest first-quarter showing in years.

 
 

Deliveries

 

Three months ended
March 31

Commercial Airplanes

 

2026

 

2025

 

737

           

114

 

105

 

767

           

6

 

5

 

777

           

8

 

7

 

787

           

15

 

13

Total

 

143

 

130

 
         

Defense, Space & Security

       

AH-64 Apache (New)

 

2

 

4

AH-64 Apache (Remanufactured)               

 

15

 

11

CH-47 Chinook (New)

 

1

 

1

CH-47 Chinook (Renewed)

 

1

 

2

F-15 Models

 

1

 

1

F/A-18 Models

 

2

 

5

KC-46 Tanker

 

4

 

MH-139

 

2

 

1

P-8 Models

 

1

 

1

Commercial Satellites

 

1

 

Total1

 

30

 

26

1 Deliveries of new-build production units, including remanufactures and modifications

Total backlog (Dollars in millions)

 

March 31
2026

 

December 31
2025

Commercial Airplanes

 

$575,583

 

$567,290

Defense, Space & Security

 

85,821

 

84,786

Global Services

 

32,957

 

29,720

Unallocated items, eliminations and other  

 

348

 

411

Total backlog

 

$694,709

 

$682,207

         

Contractual backlog

 

$652,671

 

$639,721

Unobligated backlog

 

42,038

 

42,486

Total backlog

 

$694,709

 

$682,207