Boeing (BA) earnings report card
The latest results graded A to F: sales, earnings per share and profit margin against what analysts expected and against a year ago, with a plain-English take.
A weak quarter: operating margin widened 22.0 points: it's keeping more of each dollar of sales, but sales missed forecasts by 1.5%.
- Operating margin widened 22.0 points: it's keeping more of each dollar of sales.
- Sales missed forecasts by 1.5%.
- Profit per share was 59% below forecasts.
- Still loss-making.
👀 Next report: progress towards a profit.
| Actual | Expected | Difference | |
|---|---|---|---|
| Revenue | $24.19bn | $24.56bn | ▼ −1.5% miss |
| Earnings per share | −$0.34 | −$0.21 | ▼ −59% miss |
| Net profit margin | -1.1% | -0.7% | ▼ −0.4 pts |
| The quarter in detail | This quarter | A year ago | Change |
|---|---|---|---|
| Gross margin | 9.0% | -10.2% | ▲ +19.2 pts |
| Operating margin | 1.5% | -20.5% | ▲ +22.0 pts |
| Net margin | -0.5% | -22.9% | ▲ +22.5 pts |
| Revenue vs the quarter before | $24.19bn | $24.56bn (quarter before) | ▼ −1.5% |
How the grade is worked out
| Revenue vs forecast | 4 / 20 | −1.5%: +2.5% or more scores full marks, −2.5% or worse scores nothing |
|---|---|---|
| EPS vs forecast | 0 / 20 | −59%: +20% or more scores full marks, −20% or worse scores nothing |
| Margin vs forecast | 6.5 / 15 | −0.4 pts: 3 points or more above forecast scores full marks |
Score = points ÷ points available × 100, using whatever figures are known. A from 80, B from 65, C from 50, D from 35, F below; + and − mark the top and bottom of each band. The share price reaction is shown but doesn't count towards the grade.
Expected = analysts' average forecast before the results. Net margin vs forecast uses earnings per share × diluted shares; the quarter in detail uses the company's SEC filing once it's out. A grade of what was reported, not a recommendation.
Reported 27 Oct 2026 · Sources: Finnhub (results and analyst forecasts), SEC EDGAR (company filings)
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