The Boeing Company Q3 2026 Earnings Recap

Boeing shares fell 10.7% after earnings, with investors likely disappointed that stabilizing 737 production at 47 aircraft per month is taking longer than expected and the company now targets rate 52 in the second half of 2027. Management still expects first 777-9 delivery in 2027, but noted further flight-test approvals are needed.

Key Takeaways

• Boeing delivered 161 commercial aircraft through the third quarter, its highest total since 2018, and received FAA certification for the 737-7 and 737-10.
• The 737 factory is not yet stable at 47 per month; Boeing expects that work to continue into next year and targets rate 52 in the back half of 2027.
• The 787 is producing at 8 aircraft per month. Seat-certification challenges have made deliveries uneven, while engine deliveries remain the pacing item for a planned move to rate 10.
• Boeing continues to expect the first 777-9 delivery in 2027, but still needs approval to begin the remainder of flight testing, including ETOPS testing.
• Boeing cited defense and space wins, including the Navy’s selection for its next-generation fighter and a seven-year PAC-3 contract to accelerate and eventually triple seeker production.