Boeing reported second-quarter revenue of US$24.6 billion and increased its total backlog to a record US$715 billion, driven by higher commercial aircraft deliveries and new orders. The company also generated its first positive quarterly free cash flow since 2023.
The manufacturer delivered 171 commercial aircraft during the quarter, up from 150 a year earlier. Commercial Airplanes recorded revenue of US$11.8 billion, while its operating loss narrowed to US$322 million from US$557 million in the second quarter of 2025.
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July 23, 2026
Boeing reported a net loss of US$428 million, compared with US$612 million a year earlier. Operating cash flow reached US$1.4 billion, while free cash flow totaled US$631 million. The company said the improvement reflected higher commercial deliveries and favorable working capital during the quarter.
Commercial Airplanes booked 246 net orders during the quarter, including agreements with Korean Air, Delta Air Lines and SMBC Capital. The division ended June with a backlog of more than 6,200 aircraft valued at US$597 billion, both records for the business.
Boeing also reported progress across its commercial development programs. The 737 program began transitioning production to 47 aircraft per month, while the new 737 North Line entered low-rate initial production in July.
Certification flight testing has now been completed for both the 737-7 and 737-10, and Boeing continues to expect certification later this year, followed by first deliveries in 2027. The company also said the 777X received FAA approval to begin certification flight testing under Type Inspection Authorization 4B and remains on track for entry into service in 2027.
In the defense business, revenue increased 13% to US$7.5 billion, although the segment posted a small operating loss after recording another US$280 million charge on the VC-25B Air Force One program. Boeing said the additional cost was primarily related to increased production and certification resources and continues to expect the first aircraft to be delivered in 2028.
