Boeing (NYSE:BA) Posts Earnings Results, Beats Estimates By $0.48 EPS

Boeing (NYSE:BA) announced its earnings results on Wednesday. The aircraft producer reported ($0.20) EPS for the quarter, beating analysts’ consensus estimates of ($0.68) by $0.48, FiscalAI reports. The business had revenue of $22.22 billion for the quarter, compared to the consensus estimate of $22.15 billion. During the same quarter last year, the firm posted ($0.49) EPS. The business’s quarterly revenue was up 14.0% on a year-over-year basis.

Here are the key takeaways from Boeing’s conference call:

• Boeing has stabilized 737 production at 42 airplanes per month and plans to ramp to 47 per month this summer, with a later increase toward 52 per month enabled by the new Everett North Line.
• Progress on certifications continued — final-phase work on the 737-7/737-10, FAA approval of a 777-9 test phase (TIA 4A), and a supplier-identified engine root cause being addressed — plus FAA approval raising 787-9/787-10 MTOW.
• Defense and services are strong drivers, with BDS revenue growth, a record $86 billion backlog, KC-46 delivery increases, MQ-25 test milestones, and BGS posting record backlog and large order intake.
• Operational issues persist — the company reworked 25 737 airplanes after a wiring nonconformance (pushing some deliveries into Q2), 787 deliveries were delayed by seat-certification and engine timing, and Spirit integration is dilutive with an expected ~$1 billion cash drag this year.
• Balance sheet and cash outlook are mixed — Q1 free cash flow was a –$1.5 billion use, cash ended at $20.9 billion and debt fell to $47.2 billion, while management reiterates full-year FCF guidance of $1–$3 billion and a longer-term target of $10+ billion.

Boeing Trading Up 5.5%

BA opened at $231.25 on Thursday. The firm has a market cap of $181.61 billion, a P/E ratio of 115.05 and a beta of 1.13. Boeing has a 12 month low of $169.00 and a 12 month high of $254.35. The company has a current ratio of 1.19, a quick ratio of 0.40 and a debt-to-equity ratio of 8.37. The stock has a 50-day moving average of $218.31 and a 200 day moving average of $216.85.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 1,503 shares of the firm’s stock in a transaction on Tuesday, February 24th. The stock was sold at an average price of $233.78, for a total value of $351,371.34. Following the completion of the sale, the executive vice president directly owned 19,015 shares in the company, valued at $4,445,326.70. This trade represents a 7.33% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mortimer J. Buckley acquired 2,230 shares of the company’s stock in a transaction on Tuesday, March 3rd. The shares were purchased at an average cost of $224.20 per share, with a total value of $499,966.00. Following the completion of the purchase, the director directly owned 4,430 shares of the company’s stock, valued at $993,206. This trade represents a 101.36% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have sold 21,012 shares of company stock valued at $4,980,687. 0.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Boeing

Large investors have recently made changes to their positions in the company. Alyeska Investment Group L.P. raised its position in Boeing by 245.7% in the 4th quarter. Alyeska Investment Group L.P. now owns 2,252,450 shares of the aircraft producer’s stock worth $489,052,000 after purchasing an additional 1,600,909 shares during the period. Viking Global Investors LP boosted its position in shares of Boeing by 31.3% during the fourth quarter. Viking Global Investors LP now owns 3,953,087 shares of the aircraft producer’s stock valued at $858,294,000 after buying an additional 942,536 shares during the period. Adage Capital Partners GP L.L.C. boosted its position in shares of Boeing by 90.6% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,534,944 shares of the aircraft producer’s stock valued at $333,267,000 after buying an additional 729,708 shares during the period. Hill City Capital LP bought a new position in shares of Boeing during the fourth quarter valued at approximately $112,573,000. Finally, First Trust Advisors LP raised its holdings in shares of Boeing by 187.0% in the fourth quarter. First Trust Advisors LP now owns 734,263 shares of the aircraft producer’s stock worth $159,423,000 after buying an additional 478,380 shares during the period. 64.82% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Q1 beat: Boeing reported a much smaller-than-expected loss (non‑GAAP -$0.20), revenue of $22.22B (+14% Y/Y), 143 commercial deliveries and a record backlog near $695B — results investors view as proof the turnaround is gaining traction. Q1 2026 Earnings Call Transcript
• Positive Sentiment: FAA progress: Regulators say there are no current roadblocks to 737 Max 7 and Max 10 certification this year, reducing a key delivery/certification overhang if testing proceeds smoothly. FAA Certification Update
• Positive Sentiment: Large potential China order: CEO Kelly Ortberg publicly signaled confidence that an upcoming U.S.–China summit could unlock major aircraft orders, a catalyst for future revenue and backlog growth if realized. Reuters: Boeing CEO on China Orders
• Positive Sentiment: Street support and investor flows: Multiple analysts (TD Cowen, William Blair and others) reaffirmed bullish views citing production ramp, margin recovery and stronger cash flow outlook; options volume showed heavy call buying ahead/after results. Analyst Buy Ratings
• Neutral Sentiment: Macro and market swings: Broader market moves (geopolitical headlines around the Strait of Hormuz/Iran) are affecting futures and sentiment, so some intraday strength may reflect general market flows rather than company‑specific news. Market Macro Headline
• Negative Sentiment: Cash strain remains: Operating cash flow was negative (~-$0.2B) and reported free cash flow (non‑GAAP) was roughly -$1.5B for Q1; management outlined a path to positive FCF (CEO mentioned ~$3B target for 2026) but liquidity and high leverage remain investor concerns. Press Release: Q1 Results & Cash Flow
• Negative Sentiment: Program and delivery risks persist: Reports of wiring flaws and other technical/durability issues (including items in the 777X program) mean certification and delivery timelines could still produce setbacks. WSJ: Program Risks

Analysts Set New Price Targets

Several brokerages recently issued reports on BA. Wells Fargo & Company started coverage on shares of Boeing in a research report on Wednesday, April 1st. They set an “overweight” rating and a $250.00 target price for the company. Sanford C. Bernstein restated an “outperform” rating on shares of Boeing in a research note on Wednesday, January 28th. Wolfe Research restated an “outperform” rating on shares of Boeing in a research report on Tuesday, January 27th. Jefferies Financial Group reissued a “buy” rating on shares of Boeing in a report on Wednesday, March 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Boeing from $245.00 to $270.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Strong Buy rating, fifteen have assigned a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $254.35.

Boeing Company Profile

Boeing Company (NYSE: BA) is an American multinational corporation that designs, manufactures and services commercial airplanes, defense systems, and space and security technologies. Founded in 1916 by William E. Boeing in Seattle, the company today operates as an integrated aerospace and defense contractor with a global customer base. Boeing relocated its corporate headquarters to Arlington, Virginia in 2022 and maintains extensive engineering, manufacturing and service operations across the United States and around the world.

Boeing’s principal lines of business include Commercial Airplanes, which produces and supports a range of jetliners used by airlines globally; Defense, Space & Security, which develops military aircraft, rotorcraft, surveillance and reconnaissance systems, satellites, and launch and missile systems; and Boeing Global Services, which provides aftermarket maintenance, training, spare parts, digital analytics and logistics support.