Boeing's Q4 Loss Wider Than Estimates, Revenues Increase Y/Y

Core Insights - Boeing Company reported an adjusted loss of $1.91 per share in Q4 2025, which was wider than the Zacks Consensus Estimate of a loss of $0.40, but improved from a loss of $5.90 per share in the same quarter last year [1][8] - For the full year 2025, Boeing achieved adjusted earnings of $1.19 per share, a significant recovery from a loss of $20.38 per share in 2024 [1] Revenue Performance - Total revenues for Q4 2025 reached $23.95 billion, exceeding the Zacks Consensus Estimate of $21.73 billion by 8% and representing a 57.1% increase from $15.24 billion in Q4 2024 [2][8] - For the entire year 2025, Boeing's revenues amounted to $89.46 billion, up from $66.52 billion in 2024 [2] Backlog Status - Boeing's total backlog at the end of 2025 was $682.2 billion, an increase from $521.3 billion at the end of 2024 [3] Segment Performance - The Commercial Airplane segment saw revenues surge 139% year over year to $11.38 billion, with an operating loss of $0.63 billion, improved from a loss of $2.1 billion in the previous year [4] - Boeing delivered 160 commercial planes during the quarter, marking a 181% increase year over year [4] - The Defense, Space & Security segment generated revenues of $7.42 billion, a 37% year-over-year growth, with an operating loss of $0.51 billion, improved from a loss of $2.27 billion [5] - Global Services recorded revenues of $5.21 billion, a 2% year-over-year growth, and generated an operating income of $10.54 billion, up from $0.998 billion in the previous year [5] Financial Condition - At the end of Q4 2025, Boeing had cash and cash equivalents of $10.92 billion and short-term investments of $18.48 billion, compared to $13.80 billion and $12.48 billion, respectively, at the end of 2024 [6][8] - Long-term debt decreased to $45.64 billion from $52.59 billion at the end of 2024 [6][8] - The net cash provided by operating activities was $1.07 billion at the end of 2025, a significant improvement from cash used of $12.08 billion at the end of 2024 [7]