Boeing Narrows Q1 Loss on 143 Jet Deliveries

Boeing reported first-quarter revenue of $22.22 billion, beat consensus on the bottom line and narrowed its quarterly loss sharply as commercial airplane deliveries hit their highest first-quarter total since 2019. Still, the company continued to burn cash and remained cautious on certification timelines for two key 737 MAX variants.

Top and Bottom Line

Revenue rose 14 percent year over year to $22.22 billion, topping expectations. Net loss narrowed to $7 million, or $0.11 per share, from a loss of $31 million, or $0.16 per share, a year earlier. Adjusted loss per share came in at $0.20, far better than the $0.83 loss Wall Street had expected, according to CNBC, TS2 and Invezz.

Deliveries Lead the Recovery

Boeing's commercial airplane unit delivered 143 jets in the first quarter, up 10 percent year over year and the strongest first-quarter figure since 2019. Segment revenue rose 13 percent to $9.2 billion. Defense, Space and Security revenue climbed 21 percent to $7.6 billion, while Services grew 6 percent to $5.37 billion.

Free cash flow outflow improved to $1.5 billion from $2.3 billion a year earlier, a meaningful narrowing even as the company remains cash-negative.

CEO Commentary and Guidance

Chief Executive Officer Kelly Ortberg told investors: "We're off to a good start." Boeing plans to raise 737 MAX production to 47 aircraft a month from 42 a month this summer. Certification of the 737-7 and 737-10 variants is targeted for "sometime in 2026," with first deliveries now pushed to 2027.

The print marks continued progress in Boeing's turnaround story while underscoring how much work remains on certification, cash flow and ramp discipline before the company can claim a full recovery.