Boeing Posts Narrowed Q3 Loss Amid Production Hurdles and New Contracts

Boeing reported a net loss of $116 million for the quarter ending at the end of September, or 26 cents per share, compared with a $5.34 billion loss a year earlier. Adjusted for one-time items, the loss was 34 cents per share, missing the consensus expectation of a 21-cent loss per share (LSEG). Revenue rose 4 % year-over-year to $24.19 billion, and free cash flow increased to $464 million from $238 million in the same quarter of 2025. The defense segment generated $7.94 billion, up 15 % from a year earlier; commercial aircraft revenue fell 3 % to $10.72 billion, posting a 6.5 % negative operating margin. On October 26, Reuters reported that analysts expected a 21-cent loss per share.

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Boeing delivered 161 commercial airplanes in the quarter, one more than a year prior, and reached a record 363 737 MAX deliveries through the first nine months of 2026. The company is stabilizing output at roughly 47 737 MAX jets per month and aims to raise 787 production from eight to ten jets monthly. The U.S. Navy awarded Boeing the sixth-generation F/A-XX fighter contract, and the Federal Aviation Administration certified the 737 MAX 10 and 737 MAX 7, completing the MAX family’s certification.

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CEO Kelly Ortberg told staff that the company “has more work to do” and emphasized the need for “lean, productivity and efficiency improvements” while maintaining safety and quality. He noted that expectations are rising and the firm must elevate performance to meet them.

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• Net loss: $116 million (Boeing, CNBC)

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• Adjusted loss per share: 34 cents (Boeing, CNBC)

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• Expected loss per share: 21 cents (LSEG consensus, Reuters)

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• Free cash flow: $464 million (Boeing, CNBC)

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• Defense revenue: $7.94 billion (Boeing, CNBC)

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• Commercial revenue: $10.72 billion (Boeing, CNBC)

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“Looking ahead, expectations are rising, and they should,” — Kelly Ortberg, CEO

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