Aerospace major Boeing Co. (BA) reported on Wednesday a net loss for the first quarter that narrowed from last year, reflecting a 14 percent revenue growth amid higher commercial delivery volumes, improved operational performance, and favorable order timing.
In Wednesday's pre-market trading, BA is trading on the NYSE at $227.65, up $8.49 or 3.87 percent.
"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," said Kelly Ortberg, President and CEO.
For the first quarter, the Chicago-based aerospace and defense giant reported that net loss attributable to shareholders narrowed to $90 million or $0.11 per share from $123 million or $0.16 per share in the prior-year quarter.
Core loss for the quarter was $0.20 per share, compared to a core loss of $0.49 per share in the year-ago quarter.
Total revenues for the quarter increased 14 percent to $22.22 billion from $19.50 billion in the same quarter last year, primarily driven by higher commercial volume.
Commercial Airplanes revenues increased 13 percent year-over-year to $9.20 billion, boosted by higher deliveries. It delivered 143 airplanes, up 10 percent from last year's 130 airplanes.
Boeing said The 737 program continues to produce at a 42 per month rate. It expects certification of the 737-7 and 737-10 in 2026 and anticipates first delivery in 2027. The 787 program continued stabilizing production at eight per month. The 787-9 and 787-10 received FAA certification for an increased maximum takeoff weight.
The 777X program continued to make progress on 777-9 certification including FAA approval to begin the Type Inspection Authorization 4a phase of certification flight testing. The company anticipates first delivery in 2027.
The total company backlog at quarter-end included over 6,100 airplanes valued at a record $695 billion with all three segments remaining at record levels.
Defense, Space & Security revenue grew 21 percent to $7.60 billion from $6.30 billion in the previous year. Backlog at Defense, Space & Security grew to a record $86 billion, with 27 percent representing orders from customers outside the U.S.
Global Services revenue increased 6 percent year-over-year to $5.37 billion, primarily driven by higher government volume. Global Services ended the quarter with record backlog of $33 billion.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com
For comments and feedback contact: editorial@rttnews.com
Business News
April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.