Boeing Projects $21.8B Q1 Revenue; Delivers 143 Jets, Outpaces Airbus
Boeing expects Q1 revenue of $21.79B (up 12% yoy) with an adjusted loss per share of $0.76 and negative free cash flow of $2.61B. The company delivered 143 jets (up from 130), outpacing Airbus’s 114, and plans to boost 737 MAX output from 38 to 53 per month by year-end.
1. Q1 Financial Outlook
Boeing is set to report Q1 revenue of $21.79 billion, representing a nearly 12% year-over-year increase, and anticipates an adjusted loss per share of $0.76. The company expects negative adjusted free cash flow of $2.61 billion and negative operating cash flow of $1.76 billion, underscoring ongoing cash burn challenges.
2. Delivery Performance & Production Rates
Boeing delivered 143 commercial aircraft in Q1, up from 130 a year earlier, and outpaced Airbus with 114 deliveries for the period. The 737 MAX accounted for 114 of those jets as production sustained at 38 units per month, with plans to increase output by five aircraft at each subsequent interval and open a fourth assembly line this summer.
3. Turnaround Plan & Future Guidance
CEO Kelly Ortberg’s strategy focuses on improving factory operations, restoring regulator and customer confidence, and achieving positive cash flow. Boeing has guided to $1–3 billion in free cash flow for full-year 2026 and holds a record $682 billion backlog with over 6,100 commercial airplanes on order.