Boeing Reports Strong Q2 Revenue and Positive Free Cash Flow Despite Air Force One Charge
Boeing reported second-quarter revenue of $24.6 billion, exceeding estimates by nearly $380 million and rising 8% year-over-year. The company achieved positive adjusted free cash flow of $631 million compared to a projected negative figure, marking an improvement from the prior year's negative burn rate. This was driven by increased commercial jet deliveries and better working capital management. Despite these gains, Boeing recorded a wider-than-expected core loss per share due in part to a $280 million charge related to its Air Force One program (VC-25B), which is experiencing delays. The defense segment saw revenue rise 13% but posted an operating margin of -0.2%. Commercial airplanes contributed the most, with revenue up 8%, and Boeing delivered 171 commercial aircraft in Q2 — a significant increase from last year. Boeing's stock rose nearly 2% following the report as CEO Kelly Ortberg emphasized progress on safety, quality, and production timelines.
Tickers: $BA