Boeing Narrows Q1 Loss to $7M as Backlog Hits Record $695B

Boeing Narrows Q1 Loss to $7M as Backlog Hits Record $695B

Boeing Co. narrowed its first-quarter loss to $7 million, marking significant progress toward recovery amid industry challenges. The aerospace giant reported revenue of $22.2 billion for the quarter ended March 31, 2026, surpassing Wall Street estimates of approximately $21.8 billion. Earnings per share improved to negative $0.11, beating analyst expectations of negative $0.06 to negative $0.08.

Production momentum continued with commercial deliveries reaching 143 aircraft in the quarter, up 10% year-over-year and exceeding Airbus's reported output of 114 units. This production pace drove total backlog to a record $695 billion across all business segments. CEO Kelly Ortberg said the company is "building on strong momentum while prioritizing safety and quality as it supports demanding missions."

Despite positive trajectory, the Commercial Airplanes unit posted an operating loss of $563 million due to ongoing supply chain pressures. Operating cash flow improved significantly to negative $179 million from negative $1.6 billion in the prior year period. The company reaffirmed its full-year free cash flow guidance of $1-3 billion while targeting initial 777X delivery in 2027.