Q1 2026 Boeing Co Earnings Call Transcript
Key Points
- Boeing Co (BA) reported a 14% increase in consolidated revenue to $22.2 billion, driven by growth across all segments.
- The commercial airplanes team has stabilized production rates, delivering 143 airplanes in the quarter, and plans to increase production further.
- Boeing Co (BA) achieved significant milestones in its defense and space operations, including the successful Artemis II launch.
- The company has a record backlog of nearly $700 billion, providing flexibility and stability in future operations.
- Boeing Global Services continues to perform well, with a record backlog of $33 billion and several notable contract wins.
- Operating margin decreased to 2%, primarily due to lower pension adjustments compared to the previous year.
- The 737 program faced a nonconformance issue with aircraft wiring, affecting some first-quarter deliveries.
- The 787 program experienced delivery delays due to premium seat certification issues, impacting quarterly performance.
- Boeing Co (BA) is facing supply chain challenges, particularly with engine deliveries for the 787 program.
- The company is still working through certification processes for key programs like the 737-10 and 777-9, which could impact future delivery timelines.
Thank you for standing by. Good day, everyone, and welcome to The Boeing Company's first-quarter 2026 earnings conference call. (Operator Instructions) Please be advised that today's call is being recorded.
The management discussion and slide presentation plus the analyst question-and-answer session are being broadcast live over the Internet. (Operator Instructions)
At this time, I'm turning the call over to Mr. Eric Hill, Vice President of Investor Relations for opening remarks and introductions. Mr. Hill, please go ahead.
Thank you, and good morning. Welcome to Boeing's quarterly earnings call. With me today are Kelly Ortberg, Boeing's President and Chief Executive Officer; and Jay Malave, Boeing's Executive Vice President and Chief Financial Officer. This quarter's webcast, earnings release, and presentation, which include relevant disclosures and non-GAAP reconciliations are available on our website.
Today's discussion includes forward-looking statements that are subject
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