Boeing Q3 revenue beats estimates on defense volumes

Boeing

27/10/2026 11:40

Overview
Aerospace manufacturer's Q3 revenue rose 4% yr/yr, beating analyst expectations
Adjusted loss per share for Q3 missed analyst estimates
Company backlog reached record $745 bln; FAA certifications and Navy contract award highlighted

Outlook
Boeing did not provide specific financial guidance for the current quarter or full year in the press release

Result Drivers
DEFENSE VOLUME - Higher Defense, Space & Security revenue driven by increased volume and contract awards, including U.S. Navy selection for F/A-XX fighter
COMMERCIAL DELIVERY MIX - Commercial Airplanes revenue declined due to less favorable delivery mix and higher projected costs for future production rate adjustments and supply chain costs
SERVICES VOLUME - Global Services revenue increased on higher volume and favorable mix, with new maintenance contract awards

Company press release: ID:nPn921k06a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$24.19 bln
$23.84 bln (17 Analysts)
Q3 Adjusted Loss Per Share
Miss
$0.34
$0.21 (22 Analysts)
Q3 Loss Per Share
 
$0.26
 
Q3 Net Loss
 
$116 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 26 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy"
Wall Street's median 12-month price target for Boeing Co is $268.00, about 42.3% above its October 26 closing price of $188.31
The stock recently traded at 75 times the next 12-month earnings vs. a P/E of 113 three months ago

Reuters Recommended Reads
Oct 26 - Boeing forecast to post small quarterly loss despite recent wins, analysts say
Oct 27 - Exosens Q3 revenue rises 23.5% on stronger demand, capacity ramp-up
Oct 26 - India approves in principle $22 billion in military purchases

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)