Boeing (NYSE:BA) Announces Earnings Results

Boeing (NYSE:BA) released its quarterly earnings results on Tuesday. The aircraft producer reported $9.92 earnings per share for the quarter, topping the consensus estimate of ($0.40) by $10.32, Briefing.com reports. The firm had revenue of $23.95 billion for the quarter, compared to analysts’ expectations of $22.41 billion. The firm’s revenue for the quarter was up 57.1% compared to the same quarter last year. During the same quarter last year, the firm posted ($5.90) earnings per share.

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

• Operational momentum: Boeing delivered 600 commercial airplanes in 2025 (its highest annual total since 2018), ended the year with a record $567 billion backlog (over 6,100 aircraft), and has stabilized 737 production at 42/month with planned rate increases and a 787 rate lift to 10 later this year.
• Financials showed improvement: Q4 revenue was $23.9 billion (the highest quarter since 2018), core EPS was materially boosted by the divestiture gain, Q4 free cash flow was positive $375 million, and management guides 2026 free cash flow of $1–3 billion with a reiterated path toward $10+ billion normalized FCF over time.
• Program headwind on KC-46: Boeing recorded a $565 million loss on the tanker in the quarter driven by higher production-support and supply‑chain costs (including Spirit-related impacts), which depressed BDS margins despite management saying the investments support on‑time deliveries.
• Certification progress is mixed but advancing — 737‑10 received TIA2 and 777‑9 TIA3 as flight testing continues; Boeing expects 737‑7/‑10 certification in 2026 and 777X deliveries in 2027 while investigating a potential 777X engine durability issue that it does not currently expect to delay deliveries.
• Strategic portfolio moves: Boeing completed the Spirit AeroSystems acquisition to strengthen supply‑chain control and closed the $10.6 billion Jeppesen sale; Spirit will create a near‑term ~$1 billion cash headwind in 2026 but is presented as critical to future rate stability and quality improvements.

Boeing Stock Down 1.2%

Shares of NYSE BA traded down $2.84 during midday trading on Wednesday, reaching $241.72. The company had a trading volume of 8,165,143 shares, compared to its average volume of 9,121,964. The stock has a market cap of $183.73 billion, a PE ratio of -17.67, a price-to-earnings-growth ratio of 7.07 and a beta of 1.16. Boeing has a one year low of $128.88 and a one year high of $254.35. The firm’s fifty day moving average price is $216.32 and its 200-day moving average price is $218.58.

Insider Buying and Selling

In related news, EVP Uma M. Amuluru sold 1,366 shares of the business’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $197.66, for a total transaction of $270,003.56. Following the transaction, the executive vice president owned 14,656 shares in the company, valued at $2,896,904.96. The trade was a 8.53% 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, SVP Dana S. Deasy acquired 554 shares of the business’s stock in a transaction on Monday, November 24th. The shares were purchased at an average cost of $178.88 per share, for a total transaction of $99,099.52. Following the completion of the transaction, the senior vice president owned 28,442 shares in the company, valued at approximately $5,087,704.96. This represents a 1.99% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 0.09% of the company’s stock.

Institutional Trading of Boeing

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Measured Wealth Private Client Group LLC bought a new position in Boeing in the third quarter valued at about $25,000. Wealth Watch Advisors INC purchased a new position in shares of Boeing in the third quarter worth approximately $50,000. Riggs Asset Managment Co. Inc. grew its position in Boeing by 34.2% during the second quarter. Riggs Asset Managment Co. Inc. now owns 259 shares of the aircraft producer’s stock valued at $54,000 after buying an additional 66 shares during the period. Harvest Fund Management Co. Ltd increased its holdings in Boeing by 293.0% during the third quarter. Harvest Fund Management Co. Ltd now owns 621 shares of the aircraft producer’s stock valued at $134,000 after buying an additional 463 shares during the last quarter. Finally, Beaird Harris Wealth Management LLC raised its position in Boeing by 17.4% in the third quarter. Beaird Harris Wealth Management LLC now owns 842 shares of the aircraft producer’s stock worth $182,000 after acquiring an additional 125 shares during the period. 64.82% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on BA. Weiss Ratings reissued a “sell (d-)” rating on shares of Boeing in a report on Wednesday, January 21st. UBS Group lifted their price objective on Boeing from $275.00 to $285.00 and gave the company a “buy” rating in a research note on Wednesday. Wolfe Research restated an “outperform” rating on shares of Boeing in a research note on Tuesday. Sanford C. Bernstein reiterated an “outperform” rating on shares of Boeing in a research report on Wednesday. Finally, BNP Paribas Exane set a $150.00 price objective on Boeing in a report on Tuesday, November 18th. Two equities research analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, three have given a Hold rating and four have given a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $245.65.

Key Stories Impacting Boeing

Here are the key news stories impacting Boeing this week:

• Positive Sentiment: Analysts are turning more bullish: multiple firms raised price targets and ratings after Boeing’s Q4 release (Citigroup, JPMorgan, RBC and others boosted targets, pushing the median near $270) — supporting upside expectations. Read More.
• Positive Sentiment: Delivery and backlog strength: Boeing reported its highest deliveries since 2018, revenue jumped ~57% in Q4 and the company cites a record ~$682B backlog — these support future revenue visibility and cash conversion as production stabilizes. Read More.
• Neutral Sentiment: Long-term market opportunity: Boeing projects India and South Asia will add ~3,290 jets over 20 years, reinforcing secular demand for commercial aircraft but with a multi‑year horizon. Read More.
• Neutral Sentiment: Sustainability partnership: Boeing and Israel’s Technion launched work on sustainable aviation fuel — strategically positive longer-term but not an immediate earnings driver. Read More.
• Negative Sentiment: One‑time accounting gain masks near‑term operating concerns: Q4 GAAP results were boosted by a large asset‑sale gain, which produced headline profit, but underlying metrics raised red flags — weaker operating cash flow, margin pressure and inventory/finished‑goods dynamics (TipRanks warns the finished‑goods cushion is dwindling) — fueling investor caution. Read More.

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.