Boeing earnings date and guidance
Boeing's next results are expected on October 27, 2026. Watch whether stable production turns accepted deliveries into repeatable cash after the Justice Department payment.
What has Boeing guided for 2026?
Management guides to $1,000–$3,000 million of free cash flow in 2026 and $5,000–$7,000 million of operating cash flow. Capital spending is guided to $4,000 million. Delivery guidance calls for 500 737s and 90–100 787s in 2026. Production targets are 52 737s per month by 2027 and 10 787s per month by the end of 2026.
| the period guided | low | high | the date it was given | |
|---|---|---|---|---|
| Operating cash flow (GAAP) | Year to Dec 2026 | 5,000 | 7,000 | Jul 28, 2026 |
| Less additions to property, plant & equipment | Year to Dec 2026 | 4,000 | 4,000 | Jul 28, 2026 |
| Free cash flow (non-GAAP) | Year to Dec 2026 | 1,000 | 3,000 | Sep 16, 2026 |
| 737 deliveries (units) | Year to Dec 2026 | 500 | 500 | Jan 27, 2026 |
| 787 deliveries (units) | Year to Dec 2026 | 90 | 100 | Jan 27, 2026 |
| 737 production rate (aircraft per month) | Year to Dec 2027 | 52 | 52 | Sep 16, 2026 |
What this means. The company's free cash flow is its own measure, calculated using only spending on property, plant and equipment and including its financing business.
Has Boeing kept its past promises?
Longer-term incentives can bite harder. Performance stock units tied to the 2023–2025 period paid zero because Boeing missed its free-cash-flow goals. A performance stock unit is a promise of shares that depends on specified results, so this was a real penalty. But Boeing’s certification promises also slipped: Ortberg hoped to complete certification of the 737-7 and 737-10 in 2025, while later expectations moved certification to 2026 and first deliveries to 2027.
What do Boeing's last eight quarters show?
The second quarter of 2026 showed improving deliveries and cash, but thin operating profit and another net loss.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 24,560 | 22,217 | 23,948 | 23,270 | 22,749 | 19,496 | 15,242 | 17,840 |
| Gross margin | 9.8% | 11.5% | 7.6% | -10.2% | 10.7% | 12.4% | -10.4% | -19.7% |
| Operating income | 156 | 448 | 8,777 | -4,781 | -176 | 461 | -3,770 | -5,761 |
| Net income | -444 | -4 | 8,220 | -5,337 | -611 | -37 | -3,865 | -6,170 |
| EPS, diluted | -0.67 | -0.11 | 10.23 | -7.14 | -0.92 | -0.16 | -5.46 | -9.97 |
What this means. The December 2025 operating profit looks unusually high because it includes a one-time gain from selling Digital Aviation Solutions, not just profit from normal business.
What should investors watch in Boeing's next results?
Boeing’s third-quarter results on October 27 will show whether the company’s cash outlook survived the Justice Department payment. The useful comparison is among delivered aircraft, customer receipts and capital spending. A quarter helped by early customer payments can support the annual target without proving that the factory recovery is complete.
The 737 is the central production test. Boeing was building MAX aircraft at 47 a month, but the rate remained unstable. The 737-7 was certified while the 737-10 still awaited approval. Reaching 52 aircraft a month in 2027 requires steadier Renton operations and an approved, productive Everett line. Certification proves that an aircraft design meets regulatory requirements; it does not prove that the factory can build it reliably.