At a Glance

  • Boeing's second-quarter 2026 revenue grew 8% year-over-year, the company announced Tuesday, driven by growth across all three business segments,achieving approximately $24.6 billion in revenue。
  • Boeing's financial growth is partly attributed tohigher aircraft deliveries and defense product output, Executive Vice President and Chief Financial Officer Jesus Malave said during Tuesday's conference call.
  • Looking ahead, the company aims to achieve positive cash flow by year-end, projected between $1 billion and $3 billion, the CFO added.

Deep Dive

Boeing's first-half 2026 revenue was approximately $47 billion, up 11% from the same period last year. The aerospace giant credits its team for ramping production to levels not seen since 2018, CEO and President Kelly Ortberg said.

The company invested billions of dollars to improve employee training and address issues to regain the trust of the Federal Aviation Administration, following the January 2024 incident involving its 737 Max aircraft, when amid-cabin door plug blew out mid-air. The agency increased oversight and imposed a production cap of 38 aircraft per month on Boeing's 737 production at its Washington state facility.

Boeing plans to deliver 500 737 aircraft and 90 to 100 787 aircraft by the end of 2026. The company's current monthly 737 production capacity is 47 aircraft, and with thenew production line coming online this monthat its Everett, Washington facility, Ortberg said the goal is to increase monthly output to 52 aircraft. The ultimate goal is to raise monthly production to 57 aircraft.

The company achieved $631 million in free cash flow, driven by "favorable collection timing," higher than the previously expected "low hundreds of millions of dollars," the CFO estimated during thefirst-quarter earnings call.

Cash was partially offset byplanned spending on new products and growth. The company presented an expansion project for its Mesa, Arizona manufacturing campus at a local design review committee meeting on July 14. The plan includes a new 263,386-square-foot manufacturing facility to produce specialized carbon fiber military components,according to Mesa city council documents. The proposal also includes doubling the size of its existing central utility plant.

The investment amount was not disclosed in the project presentation. Mesa's Planning and Zoning Commissionapproved Boeing's proposal on July 22。

The Mesa campus producesApache and Little Bird helicopter models, according to the company's careers website. In November 2025, the U.S. Armyawarded Boeing a $4.7 billion contractto build new Apache AH-64E attack helicopters, Longbow Crew Trainer aircraft, and related parts, spares, and accessories. Work will be performed at the Mesa manufacturing campus, with an expected completion date of May 30, 2032.

Boeing's First-Half 2026 Product Deliveries

The aerospace company has delivered, modified, or serviced commercial aircraft and defense, space, and security programs in the first six months.

The company plans to increase 787 monthly production from 8 to 10 aircraft later this year, targeting delivery of 90 to 100 787s by year-end. However, Boeing encountered Dreamliner engine issues in April. Due to supply chain shortages, the company slowed production at its Charleston facility for several days, with the facility resuming in May,according to a securities filing。

GE Aerospace supplies the GEnx-1B enginesfor Boeing's Dreamliner. Ortberg said the company is working with GE to resume engine deliveries as the supplier finalizes modifications with the FAA regarding its root cause analysis and solutions. Engine recovery "is critical to our timeline for reaching 10 aircraft per month," Ortberg said.

"They have incorporated changes into the production system, and engine deliveries are expected to resume in the third quarter," Ortberg said. "We continue to manage the entire production system to increase output. Supply chain readiness, including engines, remains a key factor in our production and delivery plans for next year."

Additionally, Boeing broke ground in November 2025 attwo 787 Dreamliner campuses in North Charleston, South Carolinaon a $1 billion expansion and upgrade project,in November 2025。

Boeing is currently in labor negotiations with the Society of Professional Engineering Employees in Aerospace. The companybegan discussions with the union on July 6 to renew two contracts, which expire on October 6. Ortberg said the company aims to reach new agreements before the deadline.