Boeing reported a net earnings of $8.22 billion in its fourth quarter, or $10.23 per diluted share, reversing a year-earlier loss of $3.86 billion. Revenue climbed 57% year-over-year to $23.95 billion, driven by a 160-aircraft delivery tally in its commercial segment. A one-time gain of $9.6 billion from the sale of a business unit also contributed to the strong bottom-line performance, underpinning the company’s operational recovery after multi-year production and safety challenges.

Following the earnings release, major research firms reaffirmed bullish stances on Boeing. RBC Capital raised its target by nearly 14%, while Cowen & Co. maintained a “Buy” rating and lifted its target by 4%. Across Wall Street, two firms assigned a “Strong Buy,” seventeen a “Buy,” and average consensus forecasts for Boeing’s shares skew toward further upside, reflecting growing confidence in cash flow normalization and backlog conversion.

Boeing generated $375 million in free cash flow for the quarter, exceeding consensus estimates by more than $100 million and marking a significant improvement in working-capital management. Commercial airplanes revenue doubled to $11.4 billion, supported by higher 737 output and final certification of the 737-10. The company delivered 160 jets and exited the period with a record backlog of over 6,100 aircraft valued at $567 billion. In its defense unit, revenues rose 37% to $7.4 billion, and the defense order book reached an all-time high of $85 billion.