The Boeing Company recorded second quarter revenue of $22.7 billion, GAAP loss per share of ($0.92) and core loss per share (non-GAAP)* of ($1.24). The company reported operating cash flow of $0.2 billion and free cash flow (non-GAAP)* of ($0.2) billion. Results primarily reflect improved operational performance and commercial delivery volume.
“Our fundamental changes to strengthen safety and quality are producing improved results as we stabilize our operations and deliver higher quality airplanes, products and services to our customers,” said Kelly Ortberg, Boeing president and chief executive officer. “As we look to the second half of the year, we remain focused on restoring trust and making continued progress in our recovery while operating in a dynamic global environment.”
| Table 1. Summary Financial Results | Second Quarter | First Half | ||||
| (Dollars in Millions, except per share data) | 2025 | 2024 | Change | 2025 | 2024 | Change |
| Revenues | $22,749 | $16,866 | 35 % | $42,245 | $33,435 | 26 % |
| GAAP | ||||||
| (Loss)/earnings from operations | ($176) | ($1,090) | NM | $285 | ($1,176) | NM |
| Operating margins | -0.8 | -6.50% | NM | 0.7 | -3.50% | NM |
| Net loss | ($612) | ($1,439) | NM | ($643) | ($1,794) | NM |
| Diluted loss per share | ($0.92) | ($2.33) | NM | ($1.09) | ($2.90) | NM |
| Operating cash flow | $227 | ($3,923) | NM | ($1,389) | ($7,285) | NM |
| Non-GAAP* | ||||||
| Core operating loss | ($433) | ($1,392) | NM | ($234) | ($1,780) | NM |
| Core operating margins | -1.9 | -8.30% | NM | -0.6 | -5.30% | NM |
| Core loss per share | ($1.24) | ($2.90) | NM | ($1.73) | ($4.04) | NM |
| *Non-GAAP measure; complete definitions of Boeing’s non-GAAP measures are on page 5, “Non-GAAP Measures Disclosures.” | ||||||
