Filing Flows › Boeing (BA) › Q1 2026
Boeing (BA) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 22, 2026
Boeing (BA) reported revenue of $22.2B for the first quarter 2026 (Q1 2026), +14% from a year earlier and -7% from the quarter before. Operating margin was 2.0%, net loss $7.0M (0.0% of revenue).
Boeing, Q1 2026: revenue $22.2B (+14% year over year), operating margin 2.0%, net loss $7.0M, operating cash flow −$179M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $22.2B | -7% | +14% |
| Operating profit | $448M | -95% | -3% |
| Net earnings | −$7.0M | -100% | — |
| Operating cash flow | −$179M | -113% | — |
What changed
Revenue was $22.2B in Q1 2026, up 14% year over year and down 7% from the previous quarter. Sales of products was the largest line at 86% of revenue. Sales of products added $2.9B year over year (up 18%), 105% of the total change. Sales of services declined 4%.
Gross margin was 11.5%, down 0.9 points from Q1 2025. Operating profit was $0.45B, a 2.0% margin (down 0.3 points year over year). Operating profit fell $0.01B even though revenue rose $2.7B versus Q1 2025, so costs grew faster than sales. Operating expenses grew 7% against revenue growth of 14%. The quarter ended with a net loss of $0.01B, after a profit of $8.2B the previous quarter. Net interest and other expense of $0.42B was the main reason.
Operating cash flow was −$0.18B. Non-cash charges added back $0.57B of depreciation and amortization and $0.16B of share-based compensation. Working capital and other items used $0.91B. Capital expenditures of $1.3B exceeded it, leaving free cash flow of −$1.5B.
Questions
What was Boeing's revenue in the first quarter 2026?
Boeing (BA) reported revenue of $22.2B for the first quarter 2026 (Q1 2026), +14% from a year earlier and -7% from the quarter before.
Was Boeing profitable in the first quarter 2026?
Operating profit was $448M (2.0% of revenue) and net loss $7.0M.
Source: Boeing 10-Q on SEC EDGAR.