Boeing Reports $4M Net Loss in Q1 2026 as Revenue Climbs 14% to $22.2B
The Boeing Company (NYSE: BA), a global aerospace manufacturer, posted a net loss of $4 million for the three months ending March 31, 2026, narrowing from a $37 million loss in the year-ago quarter. Total revenue rose to $22.22 billion from $19.50 billion.
The Boeing Company (NYSE: BA), a global aerospace manufacturer, posted a net loss of $4 million for the three months ending March 31, 2026, narrowing from a $37 million loss in the year-ago quarter. Total revenue rose to $22.22 billion from $19.50 billion a year earlier, a 14% increase. Read more earnings reports.
The company reported operating income of $971 million for the first quarter of 2026, up from $943 million in the same period of 2025. Boeing's commercial airplanes segment generated $18.998 billion in revenue, up from $16.147 billion in Q1 2025. Defense, Space & Security revenue totaled $7.599 billion, compared to $6.298 billion in the prior-year quarter.
Cost of revenue climbed to $19.671 billion from $17.079 billion, while gross profit increased to $2.546 billion from $2.417 billion. Research and development expenses rose to $903 million from $844 million year-over-year.
Boeing reported a tax expense of $33 million for the quarter, down from $107 million in Q1 2025. The company's diluted loss per share improved to $0.11 from $0.16 in the year-ago period, based on 788 million weighted average shares outstanding versus 753.4 million shares.
Cash Position and Financing Activity
Cash from operations showed an outflow of $179 million for the quarter, an improvement from the $1.616 billion outflow in Q1 2025. Cash from investing activities generated $5.711 billion, swinging from a $1.717 billion use of cash in the prior year. Financing activities consumed $7.028 billion, compared to $338 million in Q1 2025.
Cash and cash equivalents stood at $9.441 billion as of March 31, 2026, down from $10.921 billion at the end of 2025. Short-term investments decreased to $11.464 billion from $18.479 billion over the same period.
Balance Sheet Metrics
Total assets declined to $164.787 billion as of March 31, 2026, from $168.235 billion at year-end 2025. Long-term debt decreased to $46.962 billion from $53.848 billion. Stockholders' equity rose to $5.987 billion from $5.454 billion at the end of December 2025.
Current liabilities totaled $105.547 billion, down from $108.115 billion at year-end. Accounts receivable increased to $3.485 billion from $2.921 billion, while accounts payable rose to $13.713 billion from $13.109 billion.
| Metric (in millions, except per share) | Q1 2026 | Q1 2025 |
|---|---|---|
| Total Revenue | $22,217 | $19,496 |
| Cost of Revenue | $19,671 | $17,079 |
| Gross Profit | $2,546 | $2,417 |
| Operating Income | $971 | $943 |
| Net Loss | ($4) | ($37) |
| Diluted EPS | ($0.11) | ($0.16) |
| Cash from Operations | ($179) | ($1,616) |
Boeing's Global Services segment reported revenue of $5.370 billion, up from $5.063 billion in the year-ago quarter. The company maintained 788.3 million shares outstanding as of March 31, 2026.