Boeing posted a mixed Q2 2026 earnings report, missing analyst expectations on earnings per share while beating on revenue and delivering positive free cash flow.
The numbers behind the beat-and-miss
Analysts had projected Boeing would report an EPS of roughly -$0.24 for the quarter. The company came in below that expectation, widening the miss on the bottom line. But the revenue picture told a different story, with Boeing surpassing the consensus estimate of around $24 billion.
The revenue beat builds on momentum from Q1 2026, when the company reported $22.2 billion in revenue, a 14% year-over-year increase. That quarter also carried a core loss per share of -$0.20 and negative free cash flow of $1.5 billion, making Q2’s pivot to positive cash flow all the more significant.
Boeing has been targeting full-year 2026 positive free cash flow in the range of $1 billion to $3 billion. CEO Kelly Ortberg and CFO Jay Malave are expected to address analysts on the earnings call.
