The Boeing Company (BA) Earnings: Q3 2026 Results and Next Report Date
Last updated November 2026
Short answer
Boeing reported revenue of $24.2 billion for Q3 2026, up 4% from a year earlier (Boeing, Oct 27, 2026). Diluted EPS was -$0.26. Commercial Airplanes brought in $10,720 million, down 3%. Boeing next reports around January 26, 2027 (an estimated date). Every figure is from Boeing's release. Walnut is informational, not investment advice.
BA Q3 2026 results
In one sentence
Boeing reported revenue of $24.2 billion for Q3 2026, up 4% from a year earlier (Boeing, Oct 27, 2026).
| Measure | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Revenue | $24,188 million | $23,270 million | up 4% |
| Diluted EPS (GAAP) | -$0.26 | -$7.14 | n/a |
| Diluted EPS (core (non-GAAP)) | -$0.34 | -$7.47 | n/a |
| Net income | -$116 million | -$5,337 million | n/a |
The quarter ended September 30, 2026 and Boeing published the results on October 27, 2026. Revenue and diluted EPS are shown against Q3 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison. Boeing reports EPS two ways: GAAP, under the accounting rules every US filer follows, and core (non-GAAP), which leaves out items the company considers outside its operating results. The release reconciles the two, and when they diverge, the reconciliation says why.
- Boeing's Q3 2025 results included a charge on the 777X program; Boeing recorded a $4.9 billion reach-forward loss on the program during 2025.
- Defense, Space & Security earnings in Q3 2026 include a $252 million gain on the HRL Laboratories sale.
- Q4 2025 GAAP EPS of $10.23 includes a $9.6 billion gain on the sale of portions of the Digital Aviation Solutions business.
Source: Boeing Q3 2026 results, October 27, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.
BA revenue by segment
How Boeing splits revenue in its own release, under its own labels, for Q3 2026 against Q3 2025. Indented lines are parts of the line above them.
| Revenues by segment | Q3 2026 | Q3 2025 | Change |
|---|---|---|---|
| Commercial Airplanes | $10,720 million | $11,094 million | down 3% |
| Defense, Space & Security | $7,935 million | $6,902 million | up 15% |
| Global Services | $5,574 million | $5,370 million | up 4% |
| Unallocated items, eliminations and other | -$41.0 million | -$96.0 million | n/a |
- Boeing's Commercial Airplanes revenue was $10.7 billion in Q3 2026, down 3% from $11.1 billion in Q3 2025, 44% of total revenue.
- Boeing's Defense, Space & Security revenue was $7.9 billion in Q3 2026, up 15% from $6.9 billion in Q3 2025, 33% of total revenue.
- Boeing's Global Services revenue was $5.6 billion in Q3 2026, up 4% from $5.4 billion in Q3 2025, 23% of total revenue.
Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.
BA recent quarters
Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.
| Quarter | Revenue | Diluted EPS | Reported |
|---|---|---|---|
ended Sep 30, 2026 | $24,188 million | -$0.26 | Oct 27, 2026 |
Q2 2026 ended Jun 30, 2026 | $24,560 million | -$0.67 | Jul 28, 2026 |
Q1 2026 ended Mar 31, 2026 | $22,217 million | -$0.11 | Apr 22, 2026 |
Q4 2025 ended Dec 31, 2025 | $23,948 million | $10.23 | Jan 27, 2026 |
Q3 2025 ended Sep 30, 2025 | $23,270 million | -$7.14 | Oct 29, 2025 |
GAAP revenues and diluted earnings/(loss) per share, each as first reported in that quarter's release. Q4 2025 includes the $9.6 billion Digital Aviation Solutions gain; Q3 2025 includes the 777X charge.
When does BA report earnings next?
Boeing's next report is expected around January 26, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 2026 until those results are out and have been checked against the release.
Past Boeing quarterly reports
Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.
- Q3 2026 (this page), reported Oct 27, 2026
What Boeing's revenue is made of
Boeing reports revenue in three segments. In Q3 2026 Commercial Airplanes brought in $10,720 million of the $24,188 million total, Defense, Space & Security $7,935 million and Global Services $5,574 million. Boeing attributed the rise in total revenue to higher defense and services volume and less favorable commercial delivery mix. (Boeing Q3 2026 release, Oct 27, 2026)
Commercial Airplanes revenue fell from $11,094 million even though deliveries rose to 161 from 160: 124 737s, 22 787s, 10 767s and 5 777s. Boeing's 10-K lists the in-production family as the 737 narrow-body and the 767, 777 and 787 wide-bodies, with the 777X still in development. Boeing said the segment's result reflected less favorable delivery mix, higher projected costs associated with future production rate adjustments and higher estimated supply chain costs. (Boeing Q3 2026 release, Oct 27, 2026; Boeing Form 10-K, 2025, Jan 30, 2026)
Most of Boeing's commercial airplane revenue comes from outside the U.S. In Q3 2026 non-U.S. customers accounted for $6,909 million of Commercial Airplanes' $10,604 million of revenue from customer contracts, led by Europe at $2,684 million and Asia at $2,591 million; United States customers accounted for $3,695 million. For all of 2025, non-U.S. customers were 46% of Boeing's total revenues. (Boeing Form 10-Q, Q3 2026, Oct 27, 2026; Boeing Form 10-K, 2025, Jan 30, 2026)
Defense, Space & Security revenue rose 15% on higher volume, and 93% of it came from the U.S. government, including Foreign Military Sales. Global Services revenue rose 4% on higher volume; of its revenue from customer contracts, $3,100 million came from commercial customers and $2,379 million from government customers. (Boeing Q3 2026 release, Oct 27, 2026; Boeing Form 10-Q, Q3 2026, Oct 27, 2026)
Boeing's total backlog reached a record $745,431 million at September 30, 2026, against $682,207 million at the end of 2025: Commercial Airplanes $611,833 million, covering over 6,300 airplanes, Defense, Space & Security $100,505 million and Global Services $32,725 million. Commercial Airplanes booked 300 net orders in the quarter. The U.S. Navy's F/A-XX selection is not in backlog, pending completion of the source selection process. (Boeing Q3 2026 release, Oct 27, 2026)
What Boeing's EPS includes
Boeing reported a GAAP diluted loss per share of $0.26 in Q3 2026, against a loss of $7.14 a year earlier, when Commercial Airplanes' result included a charge on the 777X program; Boeing recorded a $4.9 billion reach-forward loss on the 777X during 2025. The net loss attributable to Boeing shareholders was $116 million, and the per-share loss also counts $87 million of dividends accumulated on the mandatory convertible preferred stock. (Boeing Q3 2026 release, Oct 27, 2026; Boeing Form 10-Q, Q3 2026, Oct 27, 2026)
Earnings from operations were $354 million. Defense, Space & Security earned $492 million, including a $252 million gain on the HRL Laboratories sale, Global Services earned $1,019 million, and Commercial Airplanes lost $697 million. Below the operating line, interest and debt expense was $573 million, and the quarter's effective tax rate was 5.7%, which included tax benefits to adjust prior quarters to the annual rate. (Boeing Q3 2026 release, Oct 27, 2026; Boeing Form 10-Q, Q3 2026, Oct 27, 2026)
Boeing's non-GAAP core loss per share was $0.34. Core EPS excludes the FAS/CAS service cost adjustment and non-operating pension and postretirement expense; in Q3 2026 those items added a net $0.08 a share to GAAP results, so the core loss is larger than the GAAP loss. Diluted weighted average shares were 792.7 million, against 759.9 million; in December 2025 Boeing exchanged about $4.7 billion of its shares for Spirit AeroSystems. (Boeing Q3 2026 release, Oct 27, 2026; Boeing Form 10-K, 2025, Jan 30, 2026)
Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.
Consensus and guidance at Boeing
Boeing's Q3 2026 release does not include a financial outlook for revenue, earnings or cash flow. It gives program status instead: the 737 program progressing toward stabilized production of 47 per month, the 787 stable at 8 per month, and the 777X on track for first delivery in 2027 after the 737-7 and 737-10 received amended type certification. (Boeing Q3 2026 release, Oct 27, 2026)
Boeing's 10-Q adds that supplier shortages in the third quarter disrupted factory operations on the KC-46A Tanker and 777 Freighter programs. Boeing expects the disruption to continue into 2027 and result in abnormal production costs, which are expensed as incurred. (Boeing Form 10-Q, Q3 2026, Oct 27, 2026)
A consensus figure is the average of the models published by the analysts who cover Boeing, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.
The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.
The numbers analysts watch at Boeing
The figures below are the ones Boeing's own release and filings put weight on for Q3 2026, with the latest reported value for each.
| Metric | Latest reported |
|---|---|
| Commercial deliveries | 161, against 160 a year earlier 737: 124; 787: 22; 767: 10 Boeing Q3 2026 release, Oct 27, 2026 |
| Total backlog | $745,431 million, a record Commercial Airplanes: over 6,300 airplanes valued at $611,833 million Boeing Q3 2026 release, Oct 27, 2026 |
| Free cash flow (non-GAAP) | $464 million, against $238 million Operating cash flow: $1,496 million, after about $0.7 billion of Department of Justice settlement payments Boeing Q3 2026 release, Oct 27, 2026 |
| Commercial Airplanes operating margin | -6.5%, against -48.3% a year earlier Boeing Q3 2026 release, Oct 27, 2026 |
| Defense, Space & Security operating margin | 6.2%, against 1.7% Includes the $252 million HRL Laboratories gain Boeing Q3 2026 release, Oct 27, 2026 |
| Cash and debt | $20.7 billion of cash and marketable securities; $45.9 billion of consolidated debt Boeing Q3 2026 release, Oct 27, 2026 |
What the quarter means for a holding is a separate question from what it reported. The case for and against owning BA is on is BA a buy or a sell?, what analysts expect next is on the BA forecast, and what the company does is on the The Boeing Company (BA) stock page.
How to check BA's figures yourself
Every number on this page can be traced to a document Boeing published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.
- The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
- The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
- The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
- Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.
A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.
Your questions about Boeing
Ask Walnut's AI anything about BA and see how it fits what you own.
FAQ
What was Boeing's revenue last quarter?
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Boeing reported revenue of $24,188 million for Q3 2026, the quarter ended September 30, 2026, against $23,270 million in Q3 2025 (up 4%). The figures come from Boeing's results release of October 27, 2026.
When does BA report earnings next?
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Boeing's next report is expected around January 26, 2027, a date estimated from its reporting history that the company has not confirmed. This page carries Q3 2026 until those results are out and checked against the release.
Where does Boeing's revenue come from?
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Boeing's Commercial Airplanes revenue was $10.7 billion in Q3 2026, down 3% from $11.1 billion in Q3 2025, 44% of total revenue. Boeing's Defense, Space & Security revenue was $7.9 billion in Q3 2026, up 15% from $6.9 billion in Q3 2025, 33% of total revenue. Boeing's Global Services revenue was $5.6 billion in Q3 2026, up 4% from $5.4 billion in Q3 2025, 23% of total revenue. These are the lines of Boeing's own "revenues by segment" table for Q3 2026.
How much did Boeing's revenue grow last quarter?
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Up 4% on the year: $24,188 million in Q3 2026 against $23,270 million in Q3 2025. That is the year-over-year comparison, the same quarter a year apart, so seasonal patterns in Boeing's business do not distort it.
What is the difference between Boeing's GAAP and core (non-GAAP) EPS?
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GAAP EPS follows US accounting rules and is the figure in the audited statements. Boeing's core (non-GAAP) EPS starts from it and removes items the company considers outside its operating results; the release lists each adjustment in a reconciliation table. For Q3 2026 the two were -$0.26 and -$0.34. Analysts' EPS estimates are usually built on the adjusted figure, so check which one a headline compares before you repeat it.
Where do the BA numbers on this page come from?
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From Boeing's own results release and its Form 10-Q for the quarter ended September 30, 2026, copied as printed, in millions of US dollars. Percent changes are worked out from those figures and rounded to a whole percent, which matches how the release states them. Nothing on this page is an estimate except the consensus, which is labelled with its source and date.
Walnut is informational, not investment advice. Reported figures are copied from Boeing's results release and filings; consensus figures, where shown, are third-party estimates captured before the report. Verify figures against the source before relying on them.
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