Boeing narrows third-quarter loss as defense sales rise, but focus remains on 737 Max production

Boeing narrowed its loss in the third quarter after defense sales rose, but CEO Kelly Ortberg told staff that the manufacturer has "more work to do."

Here's what Boeing reported for the third quarter compared with what Wall Street analysts expected, according to consensus estimates from LSEG:

For the three months ended Sept. 30, Boeing reported a net loss of $116 million, or 26 cents a share, compared with a $5.34 billion loss, or $7.14 per share, a year earlier. Adjusting for one-time items, the company posted a loss of 34 cents a share. A year earlier, Boeing had taken a nearly $5 billion charge on its long-delayed 777X aircraft program.

Revenue climbed 4% on the year to $24.19 billion. Free cash flow rose to $464 million from $238 million in the third quarter of 2025.

The company's defense unit revenue jumped 15% in the third quarter from a year earlier to $7.94 billion.