Shares of Boeing Co. (NYSE:BA) jumped 3.5% after the aerospace group reported a smaller-than-expected first-quarter loss, supported by higher aircraft deliveries and improved operational execution.
The company posted an adjusted loss per share of -$0.20, beating analyst forecasts of -$0.66. Revenue rose 14% year-on-year to $22.2 billion from $19.5 billion, coming in ahead of the $21.99 billion consensus estimate. The increase was largely driven by 143 commercial aircraft deliveries, up from 130 in the same period last year. Adjusted free cash flow was negative $1.45 billion, an improvement versus expectations of negative $2.61 billion.
“We’re building on our momentum with a strong start to the year and growing record-breaking backlog across our business, while supporting our customers with inspiring missions like Artemis II,” said Kelly Ortberg, president and chief executive officer.
Boeing’s total order backlog reached a record $695 billion, including more than 6,100 commercial aircraft. Revenue from the Commercial Airplanes division increased 13% to $9.2 billion, although the segment still recorded an operating loss of $563 million. Production of the 737 programme continues at a rate of 42 aircraft per month, while the 787 programme has stabilised at eight per month. The company expects certification of the 737-7 and 737-10 models in 2026, with initial deliveries projected for 2027.
The Defense, Space & Security segment saw revenue rise 21% to $7.6 billion, with operating margins improving to 3.1% from 2.5% a year earlier. Meanwhile, Global Services revenue increased 6% to $5.4 billion, delivering operating margins of 18.1%.
Operating cash flow came in at negative $179 million, a significant improvement from negative $1.6 billion in the same quarter last year. Cash and marketable securities stood at $20.9 billion at the end of the period, down from $29.4 billion at the end of the fourth quarter, reflecting debt repayments and ongoing cash outflows.