Boeing Narrows Q1 Loss as Commercial Deliveries and Record Backlog Drive Growth

Boeing Co. (BA) has demonstrated operational recovery in the first quarter of 2026, reporting a narrowed net loss of $90 million, or $0.11 per share, compared to a $123 million loss in the same period last year. Core loss for the quarter also improved to $0.20 per share from $0.49 per share year-over-year. The improvement was driven by a surge in commercial delivery volumes and strong performance in the defense and services sectors. Total revenue climbed 14% to $22.22 billion, reflecting a stabilization in production and favorable order timing. Commercial Airplanes revenue specifically rose 13% to $9.20 billion, with 143 aircraft delivered—a 10% increase over the previous year. On the production front, the 737 program is currently operating at a rate of 42 aircraft per month. The company expects certification for the 737-7 and 737-10 in 2026, with first deliveries anticipated in 2027. Additionally, the 787 program has stabilized production at eight per month, and the 777X program continues to progress toward certification. Beyond commercial aviation, the Defense, Space & Security division saw a 21% revenue jump to $7.60 billion, while Global Services revenue grew 6% to $5.37 billion. The company's total backlog reached a record $695 billion, encompassing over 6,100 aircraft, signaling strong long-term demand. Investors reacted positively to the narrowing losses and production stability, pushing shares up nearly 4% in pre-market trading to $227.65. The company continues to focus on critical certifications and supporting high-profile missions such as Artemis II.