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Boeing Q3 preview: Big issues for investors include jet delivery rate, reducing cash flow burn
Yahoo Financeยท 2025-10-28 16:04
Core Viewpoint - Boeing is expected to report improved Q3 revenue and delivery figures, reflecting progress under CEO Kelly Ortberg, despite ongoing challenges in its defense sector and delays in the 777X jet certification [1][3][4]. Financial Performance - Boeing is projected to report Q3 revenue of $22.29 billion, up from $21.68 billion in the previous quarter and a 3.5% increase year-over-year [1]. - The company is anticipated to report an adjusted loss per share of $4.92, with an adjusted net income loss of $3.32 billion, compared to a net loss of $6.17 billion a year ago [2]. Delivery and Production - Q3 commercial deliveries reached 160 jets, an increase from 150 in the previous quarter and 116 a year ago, with 121 being 737 Max jets [3]. - The FAA has approved an increase in the 737 MAX production rate from 38 to 42 aircraft per month, with a potential goal of reaching 47 per month by the end of 2026 [5]. Challenges and Risks - The 777X wide-body jet remains behind schedule and has not yet received regulatory certification, with analysts expecting a significant charge due to these delays [4]. - Boeing's defense business faces challenges as workers at its St. Louis plant have rejected the latest contract proposal, leading to an ongoing strike [6].