Quarterly report

Summary

• Second-quarter 2026 total revenues were $24,560 million, up from $22,749 million a year earlier, with net loss attributable to Boeing shareholders of $444 million and a diluted loss per share of $0.67.
• Defense, Space & Security recorded a loss from operations of $15 million in the quarter, driven by higher net unfavorable cumulative catch-up adjustments including a 2026 reach-forward loss on VC-25B of $280 million.
• The 777 program accounting quantity extends through year-end 2027, with first delivery of the 777-9 continuing to be expected in 2027 and the 777-8 passenger aircraft not before 2030.
• The FY27 budget request for NASA is $19 billion, a $6 billion decrease from the NASA funding appropriated for FY26.
• Boeing completed its acquisition of Spirit AeroSystems on December 8, 2025, for total consideration of $8,389 million, with provisional goodwill of $10,278 million assigned to the Commercial Airplanes segment.
• Total debt fell to $45.9 billion at June 30, 2026 from $54.1 billion at December 31, 2025, and cash and cash equivalents were $7.2 billion.

Why it mattersThe filing discloses a new $280 million charge on the VC-25B (Air Force One) program and a proposed $6 billion cut to NASA's FY27 budget, both affecting Boeing's defense and space work. It also updates 777X certification timing and the completed Spirit AeroSystems integration.