Boeing reported a strong start to the year with increased revenue driven by higher commercial delivery volumes and improved operational performance. Despite a net loss, the company saw growth in its backlog and positive trends in core operating earnings, indicating a step towards recovery and fulfilling customer commitments.
Total company backlog grew to a record $695 billion, with all three segments at record levels.
positiveRevenue increased 14% year-over-year to $22.2 billion, driven by higher commercial deliveries and improved operational performance.
positiveCore operating earnings (non-GAAP) increased 47% to $293 million, with core operating margins improving to 1.3% from 1.0% in the prior year.
positiveDefense, Space & Security segment revenue increased 21% year-over-year to $7.6 billion, with operating margins improving to 3.1%.
positiveNet loss attributable to Boeing common shareholders was $90 million, compared to a loss of $123 million in the prior year.
negativeOperating cash flow was negative $179 million, and free cash flow was negative $1.45 billion, indicating continued cash burn.
negativeCommercial Airplanes segment reported a loss from operations of $563 million, with operating margins at (6.1)%, although this is an improvement from (6.6)% in the prior year.
attentionInventories increased to $87.2 billion from $84.7 billion at the end of the prior year, a significant portion of total assets.
attentionGlobal Services operating margin decreased slightly to 18.1% from 18.6% in the prior year, reflecting the impact of the Digital Aviation Solutions divestiture.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Commercial Airplanes | N/A | — | — | — |
Defense, Space & Security | N/A | — | — | — |
Global Services | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
$1.3 billion · this year · funded by free cash flow
$10 billion · beyond 2026 · funded by free cash flow
We're building on our momentum with a strong start to the year and growing record-breaking backlog across our business, while supporting our customers with inspiring missions like Artemis II.
With a continued focus on safety and quality, we're delivering high-quality commercial and defense products and services, while increasing production to uphold our customer commitments and get back to the iconic global aerospace company that leads our industry.
The 737 program continues to produce at a 42 per month rate.
Commentary excerpts from earnings call transcripts provide management's perspective on performance, strategy, and outlook. Always review full transcripts for complete context.
Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.