• Boeing (NYSE:BA) reported Q2 2026 revenue of $24.6 billion, up 8% year over year, supported by 171 commercial airplane deliveries.
• The company reported a GAAP loss per share of $0.67 and a core loss per share of $0.76, while total backlog reached a record $715 billion.
• The aerospace sector continues balancing aircraft demand, production execution, supply chain constraints, and profitability across commercial and defense operations.

Boeing (NYSE:BA)

Boeing manufactures commercial aircraft, defense systems, and aerospace services. 

The company reported second-quarter 2026 revenue of $24.6 billion, rising 8% year over year, driven mainly by 171 commercial airplane deliveries.

Despite higher revenue, Boeing reported a GAAP loss per share of $0.67 and a core loss per share of $0.76. 

Commercial Airplanes generated $11.8 billion in revenue but recorded a negative 2.7% operating margin.

The company’s total backlog reached a record $715 billion, including orders for more than 6,200 commercial airplanes. 

Boeing ended the quarter with $20 billion in cash and marketable securities and $45.9 billion in consolidated debt.

Airbus (EPA:AIR)

Airbus designs and manufactures commercial aircraft, helicopters, and defense systems, competing directly with Boeing in global aviation markets.

Airbus delivered 273 commercial aircraft in the first half of 2026 and continued expanding its A320 family production plans. 

The company has maintained a large commercial aircraft backlog as airlines continue renewing fleets and increasing capacity.

Like Boeing, Airbus is managing supply chain constraints, production targets, and demand for fuel-efficient aircraft.

Lockheed Martin (NYSE:LMT)

Lockheed Martin produces defense aircraft, missile systems, and aerospace technology. 

It competes with Boeing’s Defense, Space & Security segment through military aviation programs.

Lockheed Martin reported second-quarter revenue of $18.2 billion, supported by demand across aeronautics, missiles, and space systems. 

The company continues executing long-term government contracts while managing program costs.

Boeing’s defense segment reported Q2 revenue of $7.5 billion with a negative 0.2% operating margin, including $280 million in losses from the VC-25B program.

RTX (NYSE:RTX)

RTX develops aerospace systems, aircraft engines, and defense technologies through businesses including Pratt & Whitney and Collins Aerospace.

RTX reported first-quarter sales of $21.7 billion, supported by growth in commercial aerospace and defense programs. 

The company benefits from aircraft maintenance demand as global fleets expand.

Similar to Boeing’s Global Services segment, RTX is exposed to long-term aviation service demand and aircraft operating trends.

Northrop Grumman (NYSE:NOC)

Northrop Grumman develops aerospace and defense systems, including aircraft, space technology, and military platforms.

Northrop Grumman reported first-quarter sales of $10.3 billion, with growth across defense programs and space-related operations. 

The company continues supporting government aerospace contracts and advanced technology programs.

The company competes within the same defense environment as Boeing’s Defense, Space & Security business, where contract execution and cost management remain key factors.

The bottom line

Boeing’s latest results highlight the contrast between strong aircraft demand and ongoing profitability challenges. 

A record backlog and higher deliveries show continued market demand, but production costs, program losses, and operational execution remain important factors. 

Aerospace companies across commercial and defense markets are focused on scaling output while improving margins.