NYSE$BA

Boeing · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Boeing reported Q3 2025 total revenues of $23.3B with a net loss of $5.3B and diluted EPS of $(7.14).

Total revenues rose to $23.3 billion on higher commercial deliveries, but the company posted a net loss of $5.3 billion and diluted loss per share of $7.14. Loss from operations was $4.8 billion as 737 and 787 program costs, quality remediation, and defense charges weighed on results. Management is stabilizing production rates while working through certification and supply-chain constraints.

  • Q3 total revenues $23.3B; commercial deliveries improved.
  • Net loss $5.3B; diluted EPS $(7.14).
  • Loss from operations $4.8B on program and quality costs.
  • Defense and services mix partially offset commercial pressure.
  • Cash, certification timing, and production cadence remain focal points.

Headline financials

Total Revenue

$23.3B

Previous: $17.8B+30.4%
EPS (adj)

-$7.14

Previous: -$9.97+28.4%
Commercial backlog

$535B

No prior period
Defense backlog

$76.1B

No prior period
Services backlog

$24.6B

No prior period
Commercial deliveries

160

Previous: 116+37.9%
Capital Expenditures

-$1.99B

Previous: -$1.58B-25.5%
Free Cash Flow

-$7.32B

Previous: -$7.75B+5.5%
Net Income

-$5.34B

Previous: -$6.17B+13.5%
Operating Income

-$4.78B

Previous: -$5.76B+17.0%
Gross Profit

-$2.38B

Previous: -$3.51B+32.3%
Cash & Equivalents

$6.17B

Previous: $9.96B-38.0%
Total Assets

$150B

Previous: $138B+9.0%

Revenue & EPS history

Boeing · Revenue · Quarterly

$23.3B

Q3 2025+30.4%vs Q3 2024
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Boeing · $18.2B total across 3 segments · Q3 2023

  • Commercial Airplanes
    $7.88B+25.8%
  • Defense, Space & Security
    $5.48B+3.3%
  • Global Services
    $4.81B+8.6%

Forward guidance

Boeing outlook centers on production rate increases, certification milestones, and defense program execution.

Tailwinds

  • Commercial delivery ramp on 737 and 787.
  • Defense backlog conversion.
  • Quality and safety remediation progress.

Headwinds

  • Program charges and supply-chain constraints.
  • Certification timing risk.
  • Labor and inflation on costs.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+0.4%

Avg return

Earnings day

-0.3%

Avg return

5 days after

+2.6%

Avg return

30 days after

51%

37 / 73 earnings

Positive

+13.4%

Q2 2017

Best reaction

-7.8%

Q4 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+4.9%+5.6%+0.0%
Q4 2025-1.7%-5.9%-7.7%
Q3 2025-4.4%-8.4%-15.4%
Q2 2025-4.4%-6.1%-0.1%
Q1 2025+6.0%+12.2%+24.5%
Q4 2024+1.5%+0.8%-0.8%
Q3 2024-2.9%-5.7%-6.6%
Q2 2024-4.6%-10.6%-7.0%
Q1 2024-1.4%+2.5%+3.2%
Q4 2023+4.7%+3.1%-0.2%
Q3 2023-1.8%-0.0%+20.6%
Q2 2023+9.2%+11.5%+4.3%
Q1 2023+1.9%+0.8%+0.7%
Q4 2022+0.4%-1.1%-6.5%
Q3 2022-4.7%-2.8%+21.6%
Q2 2022+2.0%+8.4%+5.5%
Q1 2022-7.7%-11.0%-20.8%
Q4 2021-7.0%-1.9%-1.3%
Q3 2021-0.9%+2.3%-5.1%
Q2 2021+4.2%+1.4%-0.2%
Q1 2021-2.7%-3.0%+1.9%
Q4 2020-2.4%-3.1%+4.9%
Q3 2020-4.5%-4.3%+39.5%
Q2 2020-5.2%-5.0%+2.9%
Q1 2020+7.4%+0.1%+11.1%
Q4 2019+2.1%-0.2%-13.1%
Q3 2019+2.2%+1.2%+10.2%
Q2 2019-6.7%-8.8%-4.6%
Q1 2019+2.3%+1.3%-5.1%
Q4 2018+5.7%+8.8%+20.7%
Q3 2018+3.9%-4.1%-10.8%
Q2 2018+0.3%-2.0%-2.5%
Q1 2018+4.2%+1.4%+9.4%
Q4 2017+5.7%-2.6%+2.1%
Q3 2017-2.5%-2.5%-0.0%
Q2 2017+13.4%+14.1%+11.0%
Q1 2017-0.2%-0.6%+1.7%
Q4 2016+5.3%+3.1%+10.5%
Q3 2016+3.1%+2.5%+7.9%
Q2 2016-1.4%-1.2%-1.9%
Q1 2016+1.2%
Q4 2015-7.8%
Q3 2015+5.3%
Q2 2015+0.8%
Q1 2015-2.3%
Q4 2014+11.5%
Q3 2014-4.0%
Q2 2014-4.1%
Q1 2014+1.8%
Q4 2013-7.7%
Q3 2013+5.3%
Q2 2013-1.0%
Q1 2013+4.0%
Q4 2012+0.3%
Q4 2011-1.8%
Q3 2012-1.8%
Q2 2012+4.0%
Q1 2012+1.1%
Q3 2011+5.9%
Q2 2011+0.7%
Q1 2011+0.3%
Q4 2010-0.1%
Q3 2010+3.5%
Q1 2009-2.0%
Q2 2010-2.0%
Q1 2010-0.7%
Q4 2007+2.3%
Q4 2009+2.3%
Q3 2009-1.6%
Q3 2008-1.6%
Q2 2009-2.5%
Q2 2008-2.5%
Q4 2008-2.5%

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