Boeing Narrows Loss to $116M in Q3, Eyes Production Boost

Boeing reported a net loss of $116 million for the third quarter of 2026, a dramatic improvement from the $5.34 billion loss a year earlier, as the company focuses on stabilizing production and boosting output of its 737 Max jets. Revenue rose 4% to $24.19 billion, slightly above analyst expectations Source: CNBC.

Financial Performance

• Boeing's adjusted loss per share was 34 cents, wider than the 21-cent loss analysts had forecast Source: CNBC.
• Free cash flow improved to $464 million from $238 million in the same quarter last year Source: CNBC.
• The company's defense unit saw revenue jump 15% to $7.94 billion, helping offset weakness in commercial aircraft Source: CNBC.

Commercial Aircraft Challenges

Revenue from commercial airplanes fell 3% to $10.72 billion, with a negative operating margin of 6.5% due to an unfavorable delivery mix and higher supply chain costs Source: CNBC. Boeing delivered 161 commercial jets in the quarter, just one more than a year earlier Source: CNBC. The company is currently producing about 47 of its 737 Max planes per month and aims to increase that rate next year, though CEO Kelly Ortberg acknowledged that production stabilization is taking "a little bit longer" than expected Source: CNBC.

Outlook and Wins

Ortberg told staff that "expectations are rising, and they should," emphasizing the need for lean and efficiency improvements while maintaining safety and quality Source: CNBC. Recent positive developments include the U.S. Navy selecting Boeing to develop its next-generation fighter jet and the FAA certifying the 737 Max 10, the largest variant in the Max family Source: CNBC. Ground News reported that Boeing reduced losses by 97.8% year-over-year, with Ortberg stating the company is focused on delivering "the resilient performance that shareholders expect" Source: Ground News.