Boeing’s Q1 preview

Boeing reports first-quarter 2026 results before the market opens Wednesday, April 22, with Wall Street expecting another loss as investors watch jet output and certification progress. (boeing.com) (finance.yahoo.com) Analysts tracked by Zacks expect Boeing to post a loss of about $0.54 a share for the quarter, and other published previews have put revenue near $17.6 billion. Boeing scheduled its earnings call for 10:30 a.m. Eastern on April 22. (finance.yahoo.com) (boeing.com) The operating backdrop improved in the quarter. Boeing said on April 14 that it delivered 143 commercial airplanes in the first quarter, including 114 737s, 15 787s, eight 777s and six 767s. (boeing.com) March deliveries slowed to 46 aircraft from 51 in February after Boeing repaired damaged wiring on about 25 of its 737 Max jets, according to CNBC. That left investors weighing a stronger quarter overall against another reminder that factory fixes can still disrupt handoffs. (cnbc.com) (boeing.com) Certification is the other number in focus. Bloomberg reported on April 21 that Federal Aviation Administration chief Chris Rocheleau said the agency has not identified issues that would push certification of the 737 Max 7 and Max 10 beyond 2026. (bloomberg.com) That matters because Boeing is still selling around gaps in its narrowbody lineup. Southwest Airlines and other carriers have been waiting for the smaller Max 7, while United Airlines and other customers have orders for the larger Max 10. (gurufocus.com) (bloomberg.com) Boeing entered 2026 saying the business had regained some momentum. In fourth-quarter 2025 results released on January 27, the company said revenue rose to $23.9 billion, commercial deliveries reached 160 for the quarter, and total backlog grew to a record $682 billion, including more than 6,100 commercial airplanes. (boeing.com) The same report showed how uneven that recovery still was. Boeing said fourth-quarter operating cash flow was $1.3 billion, but the quarter also included a $9.6 billion gain tied to the sale of its Digital Aviation Solutions business, making the upcoming first-quarter numbers a cleaner read on the core manufacturing business. (boeing.com) The Federal Aviation Administration has already eased some oversight from crisis levels. In a September 2025 statement, the agency said Boeing could again issue airworthiness certificates for some 737 Max and 787 aircraft under limited delegation, after the regulator had held that authority for years. (faa.gov) By Wednesday morning, the question is narrower than Boeing’s long-term turnaround. Investors will be looking for three things in one set of numbers: whether deliveries are converting into revenue, whether factory disruptions are easing, and whether the 737 Max 7 and Max 10 stay on a 2026 certification track. (boeing.com) (bloomberg.com)