Boeing posts Q3 revenue beat, improving cash flow burn rate as CEO Ortberg's turnaround plan takes off Pras SubramanianOctober 29, 2025 at 9:42 PM 0 Boeing (BA) posted a third quarter revenue beat and an improving cashflow burn rate before the bell on Wednesday, as CEO Kelly Ortberg's turnaround of the troubled aviation giant rolled on. The planemaker reported Q3 revenue of $23.27 billion compared with the $22.29 billion expected, per Bloomberg consensus — higher than last quarter's $21.68 billion and a 30% jump compared with a year ago.
- - Boeing posts Q3 revenue beat, improving cash flow burn rate as CEO Ortberg's turnaround plan takes off
Pras SubramanianOctober 29, 2025 at 9:42 PM
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Boeing (BA) posted a third quarter revenue beat and an improving cash-flow burn rate before the bell on Wednesday, as CEO Kelly Ortberg's turnaround of the troubled aviation giant rolled on.
The planemaker reported Q3 revenue of $23.27 billion compared with the $22.29 billion expected, per Bloomberg consensus — higher than last quarter's $21.68 billion and a 30% jump compared with a year ago.
It posted an adjusted loss per share (core loss per share) of $7.47 versus the $4.92 estimated, but that was attributed to a one-time charge related to the program for Boeing's latest wide-body jet, the 777X.
Boeing's adjusted free cash flow came in at negative $238 million, compared to the negative $884.1 million estimated, a major improvement for the company. A year ago, Boeing reported a staggering net loss of $6.17 billion and negative free cash flow of $1.34 billion.
Operating cash flow also improved, coming in at $1.12 billion in Q3 vs. estimates of negative $197 million.
Boeing stock wavered in premarket trading and opened down around 2% in early trade.
"With a sustained focus on safety and quality, we achieved important milestones in our recovery as we generated positive free cash flow in the quarter," Boeing CEO Kelly Ortberg said in a statement.
Boeing's 777X remains behind schedule and has not yet been certified by regulators, leading to the company taking a $4.9 billion charge due to the delay. That contributed to its core loss per share this quarter, it said.
"It's obviously a disappointment, but we just need more time to complete the certification," Ortberg said during the earnings call.
Earlier this month, Boeing announced Q3 commercial deliveries hit 160 jets versus the 150 delivered last quarter and 116 delivered in the same quarter a year ago. Of Q3 deliveries, 121 were 737 Max jets (compared to 92 delivered a year ago), 24 were 787 jets (14 last year), nine were 777s (four last year), and six were 767s (six last year).
Selling like hotcakes? A Boeing 737 MAX aircraft is assembled at the company's plant in Renton, Wash., on June 25, 2024. (Jennifer Buchanan/Pool via Reuters/File Photo) (via REUTERS / Reuters)
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As for cranking up sales of its bestselling 737 Max, the FAA recently approved Boeing to raise its 737 Max production rate from 38 to 42 aircraft per month after the plane maker met certain milestones for manufacturing and safety.
Boeing noted in its Q3 release that 737 Max production has stabilized at 38 planes per month but has not yet reached the 42 planes per month rate. Ortberg's longer-term goal for 737 Max production is 47 planes per month.
Ortberg said on the call that he sees certification of the 737 Max 7 and Max 9 derivatives occuring sometime in 2026.
One hiccup in Boeing's future performance could be its defense business. Boeing defense workers at its plant in St. Louis rejected the company's latest contract proposal on Sunday, sending the strike into its 13th week.
International Association of Machinists and Aerospace Workers (IAM) District 837 said Boeing failed to meet the demands of the nearly 3,200 union members on strike.
As for future commercial deliveries, Boeing snagged a number of big deals in Q3 with Norwegian Group, Turkish Airlines, WestJet, and Korean Air, among others.
Boeing's main rival, Airbus (AIR.PA), surpassed Boeing in global deliveries in 2019, right before the pandemic, and has kept its crown ever since. Though the company did reaffirm its forecast for the year, engine supply issues are headwinds for the France-based company.
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Pras Subramanian is the Lead Transportation Reporter for Yahoo Finance. You can follow him on X and on Instagram.
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Published: October 29, 2025 at 07:18PM on Source: CORR MAG
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