The Boeing Company reported third quarter 2026 financial results, showing a 4% increase in revenue to $24.2 billion compared to the same period in 2025. The company also reported a total company backlog of $745 billion at the end of the quarter, a record high.
For the nine months ended September 30, 2026, revenue reached $70.965 billion, an 8% increase from $65.515 billion in the prior year. However, the company reported a net loss of $551 million for the nine-month period, compared to a net loss of $5.982 billion in 2025. GAAP earnings from operations for the quarter were $354 million, compared to a loss of $4.781 billion in the prior year.
Boeing generated $1.5 billion in operating cash flow during the third quarter, a 33% increase from $1.123 billion in the prior year. Free cash flow (non-GAAP) was reported at $0.5 billion. The company ended the quarter with $20.7 billion in cash and investments in marketable securities and $45.9 billion in consolidated debt. It maintains access to $10.0 billion in undrawn credit facilities.
Commercial Airplanes revenue for the quarter was $10.7 billion, a 3% decrease from $11.094 billion in 2025. The segment reported an operating loss of $697 million, with an operating margin of (6.5)%. The 737 program continues to progress toward a stabilized production rate of 47 per month. During the quarter, the 737-7 received amended type certification from the FAA, and the 737-10 received certification in October. The 787 program remains stable at a production rate of 8 per month. The 777X program continues to progress on 777-9 certification flight testing and remains on track for first delivery in 2027. Commercial Airplanes delivered 161 airplanes in the quarter and recorded 300 net orders.
Defense, Space & Security revenue for the quarter was $7.9 billion, a 15% increase from $6.902 billion in 2025. The segment reported operating earnings of $492 million, with an operating margin of 6.2%. This improvement was primarily driven by a $252 million gain on the sale of HRL Laboratories and improved operational performance. In the quarter, the company was selected by the U.S. Navy to design, build, and deliver the F/A-XX next-generation fighter aircraft. Backlog at Defense, Space & Security grew to a record $101 billion.
Global Services revenue for the quarter was $5.6 billion, a 4% increase from $5.370 billion in 2025. The segment reported operating earnings of $1.019 million, with an operating margin of 18.3%. The company captured an award from the U.S. Army to provide maintenance services for the AH-64 Apache fleet. Global Services ended the quarter with a backlog of $33 billion.
