Boeing reported second-quarter revenue of $24.6 billion, an 8% increase from a year earlier, as the planemaker delivered 171 commercial aircraft, up from 150 in the same period last year.
Despite the top-line growth, Boeing posted a net loss of $428 million and an adjusted loss of $0.76 per share, wider than analysts anticipated. The commercial airplanes division saw its operating margin loss narrow to 2.7%, while the defense segment was weighed down by $280 million in charges tied to the VC-25B Air Force One replacement program. The first modified aircraft is now expected to be delivered by mid-2028, with the second following a year later.
On the cash generation front, Boeing posted adjusted free cash flow of $631 million, exceeding market expectations, and reiterated its full-year 2025 free cash flow target of $1 billion to $3 billion.