The aerospace giant reported a wider-than-expected loss due to a $280 million charge but posted positive free cash flow for the quarter.
Boeing reported a $428 million net loss for the second quarter, driven by a $280 million charge tied to higher engineering costs for the delayed Air Force One replacement program. The loss per share of 76 cents exceeded analysts’ expectations of a 30-cent loss but improved from $1.24 per share in the same period last year.
Despite the loss, Boeing generated $631 million in free cash flow, reversing a $200 million outflow in Q2 2025. The company attributed the cash flow improvement to higher-than-anticipated customer payments and maintained its full-year guidance of $1 billion to $3 billion in free cash flow.
Boeing also increased capital investments to expand 787 production in South Carolina and military jet capabilities in Missouri, as it works to deliver two 747-8 jets under a $3.9 billion Air Force One contract.