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Boeing released its results for the first quarter of 2026 (1Q2026) on Wednesday.
The company reports a revenue of $22.2 billion, a 14% increase from 2025's first quarter (1Q2025). It also had a GAAP loss per share of $0.11 and a core non-GAAP loss per share of $0.20. Boeing's operating cash flow is -$0.2 billion and free cash flow is -$1.5 billion. It claims the results reflect a higher commercial delivery volume, improved operational performance and favorable order timing. Total company backlog grew to a record $695 billion."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, Boeing president and CEO. "With a continued focus on safety and quality, we're delivering high-quality commercial and defense products and services, while increasing production to uphold our customer commitments and get back to the iconic global aerospace company that leads our industry."
Boeing's commercial aircraft segment delivered 143 aircraft in 1Q2026, and backlog included over 6,100 aircraft. Its revenue increased by 13% to $9.2 billion. The segment booked 140 orders, including 25 737-10 and 25 737-8 for Aviation Capital Group, 30 787-10 airplanes for Delta Air Lines and 20 737-8 airplanes for Air India. The 737 program produces 42 aircraft per month. The company reports that the 737-10 made progress on this final phase of certification flight testing. It expects certification of the 737-7 and 737-10 in 2026 and has continued to make progress on the 777-9 certification. All three aircraft are expected to have their first delivery in 2027.
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The defense, space andamp; security segment had a revenue of $7.6 billion and an operating margin of 3.1%. The segment signed a seven-year framework agreement in 1Q2026 to to expand PAC-3 Seeker production and announced a strategic partnership with Rheinmetall to offer the MQ-28 Ghost Bat to Germany. The Artemis II mission was completed using the Boeing-built Space Launch System core stage rocket. Its backlog grew $86 billion.
Global Services' first-quarter revenue was $5.4 billion. Global Services ended the quarter with a record backlog of $33 billion. During the quarter, Global Services secured the largest-ever Landing Gear Exchange Program agreement with Singapore Airlines Group and received initial FAA and EASA qualification for 777-9 training devices.