Boeing’s Commercial Airplanes unit posted a $697 million third-quarter operating loss as a less favorable delivery mix, higher estimated supply-chain costs and projected costs associated with future production-rate adjustments weighed on results.
The unit delivered 161 aircraft, one more than in the year-earlier quarter, but revenue fell 3% to $10.720 billion. Its operating margin was negative 6.5%.
At the company level, revenue rose 4% to $24.188 billion for the three months ended Sept. 30. Boeing recorded a net loss of $116 million, compared with $5.339 billion in the third quarter of 2025. The diluted loss was 26 cents per share, and the non-GAAP core loss was 34 cents per share. Reuters reported analysts had expected a 21-cent core loss.
Boeing’s other reported business segments also posted revenue gains. Defense, Space & Security brought in $7.935 billion, up 15%, and Global Services revenue rose 4% to $5.574 billion. Boeing said its total backlog set a record at $745 billion at quarter-end, including more than 6,300 commercial airplanes.
Free cash flow, a non-GAAP measure, totaled $464 million in the quarter, up from $238 million a year earlier. For the first nine months of 2026, the company still posted negative free cash flow of $359 million. CNA reported Boeing’s outlook was $3 billion for 2027 and $6 billion for 2028. The outlet compared those projections with LSEG analyst consensus estimates of $5.6 billion and $9.6 billion, respectively.
Boeing CEO Kelly Ortberg said, “We remain focused on safety and quality.”
Boeing said its 737 program was moving toward stable production of 47 aircraft a month, while the 787 rate was eight a month. CNA reported that Ortberg told CNBC Boeing would not reach a stable 737 production rate of 47 aircraft a month until early 2027.
