Revenue growth was led by Commercial Airplanes and Defense
Q2 FY2026 revenue rose $1.8B year over year to $24.6B. Commercial Airplanes revenue increased $877M to $11.8B, primarily from higher 737 deliveries, while Defense, Space & Security revenue increased $866M to $7.5B, helped by proprietary and weapons programs, KC-46 volume, and the Spirit defense-business acquisition.
Operating-profit improvement included a significant nonrecurring comparison benefit
GAAP operating income improved to $156M in Q2 FY2026 from a $176M operating loss a year earlier. Management attributed much of the $332M improvement to a $405M reduction in losses from unallocated items and a $235M smaller Commercial Airplanes loss; the unallocated improvement included the absence of a $445M Department of Justice agreement charge recorded in Q2 2025.
Commercial Airplanes improved but remained loss-making
Commercial Airplanes reported a Q2 FY2026 operating loss of $322M, improved from a $557M loss in Q2 FY2025, on higher revenue and a lower 767 reach-forward loss, partly offset by higher R&D. Deliveries increased to 171 aircraft from 150, including 129 737s versus 104 in the prior-year quarter.