Boeing misses Q2 core loss per share estimates as VC-25B charges weigh
BA•Outlook
- Boeing anticipates certification of 737-7 and 737-10 in 2026, first delivery in 2027
- Company expects first delivery of 777X program in 2027
- Boeing expects first delivery of VC-25B program in 2028
Overview
- US aerospace manufacturer's Q2 revenue rose 8% yr/yr, beating analyst expectations
- Core loss per share for Q2 missed analyst estimates
- Revenue growth driven by higher commercial airplane deliveries and favorable working capital
Result drivers
- Higher commercial deliveries - Q2 revenue growth was primarily driven by increased commercial airplane deliveries and favorable mix
- Favorable working capital - Operating cash flow benefited from favorable working capital timing
- Defense program losses - Defense, Space & Security segment results included $280 million of losses on the VC-25B program due to investment in additional production and certification resources
Key details and analyst coverage
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