Boeing (BA) Stock Falls Short of Estimates as Air Force One Costs Mount

TLDR

• Boeing posted a Q2 net loss of $428 million, narrower than the $612 million loss a year ago
• A $280 million charge on the Air Force One replacement program drove a core loss per share of $0.76, worse than the $0.30 analysts expected
• Boeing generated $631 million in free cash flow, a turnaround from negative $200 million in Q2 2025
• Full-year free cash flow guidance held at $1 billion to $3 billion — its first positive result since 2023 if achieved
• Sales climbed 8% to $24.56 billion, with production of 737 MAX jets continuing to ramp up

Boeing reported a second-quarter net loss of $428 million on Tuesday, worse than Wall Street expected, as a fresh $280 million charge on its troubled Air Force One replacement program weighed on results. BA stock was up around 0.95% premarket at $211.50.

BOEING $BA Q2’26 EARNINGS HIGHLIGHTS

🔹 Revenue: $24.6B (Est. $24.25B) 🟢; +8% YoY
🔹 Adj. EPS: -$0.76 (Est. -$0.30) 🔴
🔹 Backlog: $715B; record
🔹 Operating Cash Flow: $1.4B; +501% YoY
🔹 Free Cash Flow: $0.6B (Est. -0.31) 🟢

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