BOEING CO is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: Boeing reported Q1 2026 revenue of $22.2B (+14.0% YoY) with a near-breakeven net loss of -$4M, showing meaningful improvement from the prior year but still facing thin margins and deeply leveraged balance sheet.
Drawn from management commentary in the Q1 2026 10-Q:
Boeing's Q1 2026 revenue rose 14.0% YoY to $22.2B from $19.5B, suggesting a meaningful recovery in deliveries and/or services demand following prior-year disruptions. This top-line expansion is the most significant positive signal in the quarter.
Cost of revenue grew 15.2% YoY to $19.7B, outpacing revenue growth of 14.0%, which compressed gross margin from 12.4% to 11.5%. This indicates ongoing cost pressures — likely from supply chain, labor, or program-level inefficiencies — that are eroding the benefit of higher revenues.
Operating income declined slightly to $448M from $461M (-2.8% YoY), meaning the incremental revenue did not translate into incremental operating profit. Higher R&D spending (+7.0% to $903M) and elevated costs absorbed the revenue gains.
Revenue
$22.22B
++13.96% YoY
EPS (Basic)
$-0.11
++31.25% YoY
Gross Margin
11.5%
-0.94% YoY
Operating Income
$448M
-2.82% YoY
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