Boeing is set to report its second-quarter earnings, with expectations of a revenue increase to $21.68 billion, up from $16.9 billion a year ago. Despite this growth, analysts predict an adjusted loss per share of $1.40 and an operating loss of $161.1 million. The company is also expected to reduce its cash burn from $2.3 billion to $1.8 billion, indicating a potential improvement in financial health as CEO Kelly Ortberg's turnaround strategy takes effect.
Boeing's production ramp-up is underway, with commercial deliveries increasing to 150 jets in Q2, compared to 130 in Q1 and 92 a year ago. The 737 Max production goal is set to reach 42 jets per month by mid-year, with a long-term target of 47 jets per month by mid-2026. Positive trade developments, including a trade deal with the EU, are also seen as beneficial for Boeing, potentially alleviating tariff concerns and supporting its recovery.
Why it matters
Boeing's earnings report will be crucial in assessing the effectiveness of its turnaround strategy and its future market position.