Boeing (NYSE: BA) reported better-than-expected revenue for the first quarter, signaling early progress in its broader turnaround strategy amid geopolitical challenges and operational headwinds.
Total revenue rose 18% year-over-year to $19.5 billion, slightly ahead of the consensus estimate of $19.37 billion. The result sent shares higher by more than 6% in early morning trading today, as investors welcomed signs of stabilization following a turbulent period for the aerospace giant.
Despite facing renewed pressure from China, where regulators have directed domestic airlines to halt new aircraft deliveries from Boeing, the company continued to ramp up its 737 production. Output is still expected to reach 38 jets per month by year-end.
The company reported a core loss per share of $0.49, an improvement from the year-ago period, driven by operational gains achieved under CEO Kelly Ortberg’s leadership. Boeing has emphasized its renewed focus on safety, quality, and long-term structural changes.
However, the quarter was not without challenges. Operating cash flow remained negative at ($1.6) billion, while free cash flow stood at a deficit of ($2.3) billion. Still, Boeing’s total backlog grew to $545 billion, supported by more than 5,600 commercial aircraft orders, offering a foundation for future growth.
Meanwhile, Boeing (NYSE: BA) has a consensus rating of “Overweight” and an average price target of $192.34, which implies an 11.7% upside potential from the current stock price.
David Kirakosyan is a seasoned financial journalist with nearly a decade of hands-on experience in covering the U.S. stock markets. Since 2016, he has written thousands of equity news articles, detailed market analyses, and investment insights for trusted platforms like Benzinga, Investing.com, and StreetInsider. David holds a Master of Science in Finance and is a Level 2 CFA® candidate, reflecting his deep commitment to financial expertise and ethical standards. His reporting combines real-world market experience with a strong academic foundation, helping readers make informed decisions backed by reliable information. Read Full Bio
