Boeing Reports Higher Revenue Than Expected Amid Rising Deliveries and Record Backlog
Boeing reported second-quarter revenue of $24.6 billion, exceeding analysts' expectations by 8% year-over-year despite a wider-than-expected loss per share due to charges related to the VC-25B Air Force One replacement program. The company delivered 171 commercial aircraft during the quarter, up from 150 in the same period last year, primarily driven by its 737 MAX production line. Commercial airplanes accounted for $11.8 billion of revenue, while Defense and Global Services segments also showed growth. Boeing's operating cash flow surged to $1.4 billion—a 501% increase from a year ago—and free cash flow was positive at $600 million, surpassing the projected negative figure. The company now holds a record backlog of $715 billion in commercial aircraft orders and maintained its full-year guidance for operating and free cash flows as it anticipates stronger performance in the second half. The stock opened 2.8% higher on Tuesday morning following the report.
Tickers: $BA
Topics: Backlog Growth Commercial Deliveries Loss Per Share Revenue