Boeing Drops 9% as Commercial Jet Losses Overshadow Positive Cash Flow; GE Aerospace Ticks Up, RTX Holds Steady

Boeing (BA) reported Q3 2026 earnings with revenue up 3.9% to $24.2B, operating margin improved to 1.5%, and positive free cash flow of $464M. Commercial airplane revenue fell 3.6% to $10.7B, but margins improved. Defense revenue surged 14.5% to $7.9B. Shares dropped 9.31% premarket to $170.78.

Boeing's stock fell 10% to an 18-month low after CEO Kelly Ortberg announced delays in 737 Max production, impacting deliveries and cash flow.

Boeing reported a narrower Q3 net loss of $116M ($0.26/ share) vs. a $5.34B loss last year, with operating profit and revenue up 4% to $24.19B. Commercial Airplanes revenue fell 3% to $10.72B, while defense and services revenues grew. Shares dropped 3.64% to $181.45.

Boeing reported a narrowed Q3 net loss of $116M, down from $5.34B a year earlier, with revenue up 4% to $24.19B. Operating profit improved to $354M, though commercial aircraft division lost $697M. Defense and space revenue rose 15% to $7.94B. Total backlog hit a record $745B. Cash and investments increased to $20.7B.

Boeing reported Q3 revenue of $24.2B and a wider-than-expected loss per share of $0.34, but operating cash flow of $1.5B exceeded expectations. CEO Kelly Orberg highlighted progress in turning around the company, though challenges remain, including delays in the 777-9 jet. Defense spending has been a positive factor, but the commercial business continues to struggle, with the stock down 13% year-to-date.

Boeing reported a $697m operating loss in its Commercial Airplanes division for Q3 2026, with a negative operating margin of 6.5% on revenue of $10.72bn. The company attributed this to a less favorable delivery mix and higher costs. Overall, Boeing generated $464m in free cash flow, an improvement from the previous year. Other divisions reported profits, but the company as a whole recorded a $116m net loss on revenue of $24.188bn.