NYSE$BA
Boeing · Q4 2023 earnings
Q4 2023 earnings · · Investor relations
Briefing
Boeing's Q4 2023 results improved on higher commercial volume and performance.
Boeing reported Q4 2023 revenue of $22.0 billion, with a GAAP loss per share of ($0.04) and a core loss per share (non-GAAP) of ($0.47). The company generated $3.4 billion in operating cash flow and $3.0 billion in free cash flow (non-GAAP).
- Delivered 157 commercial airplanes and recorded 611 net orders.
- 787 production rate at five per month; 737 production rate at 38 per month.
- Generated $3.4 billion of operating cash flow and $3.0 billion of free cash flow (non-GAAP).
- Total company backlog grew to $520 billion, including over 5,600 commercial airplanes.
Headline financials
Revenue & EPS history
Boeing · Revenue · Quarterly
$22B
Revenue by segment
Boeing · $18.2B total across 3 segments · Q3 2023
- Commercial Airplanes$7.88B+25.8%43.3%
- Defense, Space & Security$5.48B+3.3%30.2%
- Global Services$4.81B+8.6%26.5%
Forward guidance
Boeing is focused on strengthening quality and taking comprehensive actions, including listening to input from 737 employees and working transparently with the regulator to earn the confidence of stakeholders.
Tailwinds
- Taking comprehensive actions to strengthen quality at Boeing.
- Listening to input from 737 employees.
- Supporting customers.
- Working transparently with regulator.
- Ensuring completion of all actions to earn stakeholder confidence.
Headwinds
- Alaska Airlines Flight 1282 accident involving a 737-9.
- Immediate actions to strengthen quality on the 737 program, including additional inspections.
- Pausing 737 production for one day to refocus employees on quality.
- Appointment of an outside expert to lead an in-depth independent assessment of Commercial Airplanes’ quality management system.
- Losses on certain fixed-price development programs impacting Defense, Space & Security operating margin.
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 Q4 2023
+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
| Quarter | Report date | Reaction (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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