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Boeing Earnings Show Recovery Progress, Shares Trade In Buy Zone

HARRISON MILLER
Updated 09:40 AM ET 01/27/2026

Boeing cleared expectations for its Q4 results early Tuesday, which showed continued progress in the Dow Jones manufacturer’s turnaround efforts. BA stock declined in a buy zone following a mid-January break out.

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Boeing (BA) reported earnings of $9.92 per share adjusted, improving from a loss of $5.90 per share last year. Revenue soared 57% to nearly $23.95 billion.

The results beat FactSet estimates for 44 cents per share in earnings on $22.59 billion in revenue.

Meanwhile, Boeing’s backlog ballooned to over 6,100 commercial airplanes, up from 5,900 planes in Q3, valued at a record $682 billion.

Commercial airplane revenue jumped 139% to $11.38 billion, to beat expectations for $10.61 billion.

Boeing earlier this month reported that it delivered 160 commercial planes in Q4, which was flat from Q3 and brought its total for 2025 to 600 deliveries. The Dow plane maker had delivered 348 commercial aircraft in 2024.

Boeing in the release noted that the 777X program during the quarter began the Type Inspection Authorization 3 phase for its 777-9 certification flight testing, and anticipates the first delivery in 2027.

Defense, space and security revenue surged 37% to $7.42 billion. FactSet expected $6.3 billion for the segment.

Boeing delivered 36 defense and space aircraft in Q4, up from 32 in Q3. The company’s defense, space and security segment totaled 112 deliveries for 2025, which was flat compared with 2024.

Global services revenue rose 2% to $5.2 billion, coming in slightly below estimates for $5.26 billion.

Free cash flow improved to $375 million, from negative flows of $4.098 billion last year.

Boeing Progress

The Dow Jones plane manufacturer had a tough 2025, marred by delivery delays and production caps tied to workers strikes and an in-flight incident from early 2024.

The Federal Aviation Administration in October raised its production cap on Boeing’s 737 MAX program to 42 planes per month, which Boeing plans to eventually expand to 47 planes per month in 2026, according to reports. Boeing’s eventual monthly production rate target is for 52 to 57 per planes in the coming years.

Meanwhile, Boeing so far this year has landed sizable orders from Alaska Airlines (ALK) and Delta Air Lines (DAL). Alaska Airlines in early January announced a deal to purchase 105 737-10 airplanes with options for 35 more, which marked a record order for the airline. Delta also reached an agreement to purchase 30 787-10 aircraft from Boeing, with options to buy an additional 30.

Boeing this year also hopes to achieve FAA certification for its MAX 7 and MAX 10 models, which could come in mid-2026 and late 2026, according to reports. Also in December, the Dow Jones manufacturer completed its acquisition of supplier Spirit AeroSystems.