BA
FY2026 Q1 · Calendar Q2 2026
The Boeing Company
Boeing's Q1 2026 results showed meaningful operational progress: the company beat consensus on both EPS and revenue, with 737 production stabilizing at 42 per month and a clear path to 47 by summer and 52 via the Everett North Line. The defense segment posted a record $86 billion backlog, while commercial backlog reached an all-time high of $576 billion. Free cash flow guidance of $1-3 billion for 2026 was maintained, though Spirit AeroSystems integration is expected to create approximately $1 billion of cash drag this year. Management expressed confidence across all segments, but regional instability from the Iran war, supply-chain bottlenecks (notably 787 seat certification), and certification timelines for key programs remain the principal near-term risks. The stock's 5.5% post-earnings move on 2.6x normal volume reflected a positive market reception, though shares subsequently…
EPS surprise+70.8%
Market move+5.5%
