Financial Performance & Cash Flow - The company aims to achieve positive cash flow in the second half of the year, targeting a positive cash flow by the fourth quarter [1] - The company's plan is to turn around the cash burn situation by 2026 [2] Production & FAA Approval - Second quarter production rate is close to the FAA cap of 38 aircraft per month [3] - The company intends to work with the FAA in the third quarter to increase production rate, aiming to get approval in the second half of the year [4][5] - The company is monitoring key performance indicators with the FAA to ensure production line stability before seeking approval for the next rate [4] Tariffs & International Trade - Zero for zero inclusion in EU tariffs for airplanes and aircraft parts is critical for the company and its customers worldwide [5][6] - The company expresses confidence in managing the tariff environment due to recent bilateral deals [6] - The deal with Japan is important from an input tariff perspective, as Japan is one of the largest importers for some of the company's products, particularly on the 787 program [8] Certification & Development Programs - Certification of the 737 MAX -7 and -10 models is pushed out to next year due to challenges with the engine anti-ice solution [12][14] - The engine anti-ice solution has proven more tricky than initially anticipated, requiring further design work [13][14] - The company's engineering team is working on several solutions to finalize the design and move forward with the certification process [15] Labor Issues - A labor issue involving 3,200 machinists primarily working on fighter and weapons programs in St Louis and St Charles is not expected to derail the company's recovery [9][10][11] - This labor issue is smaller in scope compared to the 30,000 machinists in the commercial program [10] Order Backlog - Increased orders are great improvements to the company's overall backlog [7][8] - The company is focused on increasing production rates to meet the demand from these orders [8]

Core Insights - Boeing reported a quarterly loss of $1.24 per share, better than the Zacks Consensus Estimate of a loss of $1.54, and an improvement from a loss of $2.9 per share a year ago, resulting in an earnings surprise of +19.48% [1] - The company generated revenues of $22.75 billion for the quarter ended June 2025, exceeding the Zacks Consensus Estimate by 4.09% and up from $16.87 billion year-over-year [2] - Boeing's stock has increased by approximately 33.6% year-to-date, significantly outperforming the S&P 500's gain of 8.6% [3] Earnings Outlook - The future performance of Boeing's stock will largely depend on management's commentary during the earnings call and the company's earnings outlook [4][5] - Current consensus EPS estimate for the upcoming quarter is -$0.60 on revenues of $21.13 billion, and for the current fiscal year, it is -$2.67 on revenues of $85.16 billion [7] Industry Context - The Aerospace - Defense industry, to which Boeing belongs, is currently ranked in the top 26% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

Group 1 - The Dow Jones Industrial Average rose by 0.1%, and the S&P 500 index increased by 0.3% [2] - Novo Nordisk's stock fell approximately 22% after the company appointed a new CEO and lowered its full-year guidance, citing underwhelming sales of the weight loss drug Wegovy [2] - Boeing's stock increased by about 1% due to strong commercial aircraft deliveries, with Q2 revenue growing by 35% year-over-year, and net loss narrowing to $610 million [2] - Spotify's stock declined by around 7% as the company's Q2 revenue fell short of expectations [2]

道指涨0.1%，标普500指数涨0.3%。诺和诺德跌约22%，公司任命新CEO并下调全年指引，减肥药 Wegovy销售不及预期。波音涨约1%，公司商业航空交付强劲，Q2营收同比增长35%超预期，净亏损收 窄至6.1亿美元。Spotify跌约7%，公司二季度营收不及预期。PayPal跌约8%，公司此前公布二季度财 报。 ...

Core Viewpoint - Boeing's CEO expresses confidence in achieving positive cash flow in the fourth quarter [1] Summary by Relevant Categories Company Performance - The CEO's statement indicates a strong belief in the company's financial recovery and operational efficiency [1] Financial Outlook - Positive cash flow is anticipated for the fourth quarter, suggesting improved financial health and potential for future growth [1]

Group 1 - The CEO of Boeing expresses strong confidence in the company's transition to profitability in the fourth quarter [1]

Core Viewpoint - Boeing has shown signs of financial recovery in Q2, with improved cash flow and revenue growth, indicating the effectiveness of CEO David Calhoun's transformation plan initiated a year ago [1][2]. Financial Performance - Boeing's Q2 revenue reached $22.75 billion, a year-on-year increase of 34.6%, exceeding analyst expectations by approximately $1 billion [1]. - The adjusted loss per share was $1.24, better than the anticipated loss of $1.40 [1]. - The company consumed only $200 million in cash during the quarter, significantly lower than the expected $1.8 billion [1]. Operational Highlights - Boeing delivered 280 aircraft in the first half of the year, marking the highest number for the same period since 2018 [2]. - The defense segment achieved a profit of $110 million, while the commercial airplane business saw a reduction in losses compared to the previous year [3]. - The global services division remains the most profitable segment, with a profit margin of 19.9% and an operating profit of $1.05 billion [4]. Challenges and Risks - The transformation led by CEO Calhoun is still in its early stages, with ongoing concerns regarding the company's debt burden and market volatility [2]. - The certification of the last two models of the 737 Max may be delayed until 2026 due to redesign efforts [2]. - A potential strike at the St. Louis factory poses a new threat to recovery, as over 90% of workers voted against the company's proposal [3].

Financial Performance - Boeing reported a smaller than expected loss of $124 per share, compared to the street's expectation of a $148 loss per share [1] - Revenue exceeded expectations at $2275 billion [2] - Q2 operating margin improved to negative 08%, compared to negative 65% a year ago [2] - Cash burn significantly reduced to $200 million in Q2, a substantial improvement from $433 billion in the previous year [2] - The company is moving back towards positive free cash flow and profitability [3] Business Segments Performance - Commercial airplanes revenue increased by 81% year-over-year [3] - Defense and space revenue increased by 10% year-over-year [3] - Global services revenue increased by 8% year-over-year [3] Challenges and Outlook - Certification for the 737 Max-7 and -10 models is expected to be pushed into next year [4] - Boeing's stock is moving higher due to slashed losses and better-than-expected results, reaching a 52-week high [2][5]

7月29日，波音公司公布二季度营收为227.5亿美元，去年同期168.66亿美元，同比增长35%；二季度净 亏损6.12亿美元，上年同期净亏损14.39亿美元。 ...

据外媒报道，波音公司第二季度交付了150架商用飞机，上半年共交付了280架。 （文章来源：第一财经） ...