Revenue:
$19.5 billion, up 18% year-over-year
Driven by 130 commercial aircraft deliveries
Profitability:
GAAP loss per share: ($0.16)
Core (non-GAAP) loss per share: ($0.49)
Net loss: ($31 million), improved from ($355 million) in Q1 2024
Cash Flow & Balance Sheet:
Operating cash flow: ($1.6 billion)
Free cash flow: ($2.3 billion)
Cash & investments: $23.7 billion
Debt: $53.6 billion
Total backlog: $545 billion, with 5,600+ commercial aeroplanes
Segment Highlights
Commercial Airplanes:
Revenue: $8.1 billion (?75%)
Deliveries: 130 planes (?57%)
Orders: 221 net (incl. Korean Air & BOC Aviation)
737 production increasing; 777X testing underway
Defense, Space & Security:
Revenue: $6.3 billion (?9%)
Operating margin: 2.5%
New F-47 fighter contract from U.S. Air Force (not yet in backlog)
Global Services:
Revenue: $5.1 billion (flat)
Operating margin: 18.6%
Key milestones: 100th 767 Converted Freighter; F-15 electronic warfare contract
CEO Comment:Boeing CEO Kelly Ortberg highlighted “improved operational performance and ongoing efforts to rebuild the business with a strong focus on safety and quality.
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