Boeing Reports Q2 Net Loss Due to Air Force One Charge
Boeing reported a net loss of $428 million for the second quarter of 2026, driven by an unexpected $280 million charge related to its next-generation Air Force One program. The charge significantly impacted earnings and pushed results beyond analyst expectations. On a non-GAAP basis, Boeing's per-share loss was worse than anticipated at 76 cents compared to the expected 30-cent shortfall. Despite the loss in its Defense segment, which swung from profit last year due to this one-time expense, Boeing saw improved performance on the commercial side of operations. Commercial Airplanes revenue rose by nearly $900 million and deliveries increased by 14%. The company also reported a significant improvement in free cash flow and reduced consolidated debt. Boeing remains optimistic about its long-term prospects with plans to increase production rates for the 737 Max, having opened an additional final assembly line. It expects certification of new aircraft variants this year and deliveries next year.
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Topics: Air Force One Commercial Airplanes Defense Segment Earnings