Boeing (BA)
NYSEIndustrialsAerospace & DefenseSnapshot 2026-07-07
$231.63-1.24%
Close 2026-07-07 · 1-day change
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Track BA free→Warn: Management is running behind on a stated commitment.
Boeing is growing revenue with a record backlog of $682 billion. The company is stabilizing operations and adding new 737 MAX assembly lines. Net income improved to $8.22 billion in late 2025. These show progress in recovery and growth.
Boeing faces IT outages disrupting production and trust. Earnings remain weak with recent guidance cuts. The company still struggles to fully restore trust and stabilize operations.
The price is about 23% above our fair value near $188. Analysts expect 14% revenue growth, which the price reflects. Our fair value is 32% below the Street median, showing some valuation caution.
Breaks if: Backlog falls below $600 billion by 2025-Q4
Leverage momentum to grow the record backlog across the business.
Stated in 3 of last 3 quarters. Backlog grew to a record $682 billion in 2025-Q4 from $636 billion in 2025-Q3, indicating successful momentum building. The company is delivering on its commitment to grow its backlog.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“CEO: 'Building on our momentum with a strong start to the year.'”
“CEO: 'Total company backlog grew to a record $682 billion.'”
“CEO: 'Total company backlog at quarter end was $636 billion.'”
Breaks if: Net income remains negative or below $5 billion in 2025-Q4
Continue efforts to restore trust with stakeholders and make progress in recovery.
Stated in 4 of last 4 quarters. Net income improved significantly to $8.22 billion in 2025-Q4 from a loss of $5.339 billion in 2025-Q3, showing progress in recovery efforts. However, the company still faces challenges in fully restoring trust.
“CEO: 'Focused on restoring trust with all of our stakeholders.'”
“CEO: 'Remain focused on restoring trust and making continued progress.'”
“CEO: 'Committed to making the fundamental changes needed to fully recover.'”
“CEO: 'Focused on making the fundamental changes needed to fully recover.'”
Breaks if: Major IT outages disrupt production more than twice in next year
Focus on stabilizing operations and completing development programs to recover performance.
Stated in 5 of last 5 quarters. Revenue increased to $23.9 billion in 2025-Q4 from $23.27 billion in 2025-Q3, indicating some progress in stabilizing operations. However, the company continues to face challenges in fully recovering its performance.
“CEO: 'Promoting stable operations, completing our development programs.'”
“CEO: 'Focused on the work ahead to complete our development programs.'”
“CEO: 'Stabilize our operations and deliver higher quality airplanes.'”
“CEO: 'Focused on making the fundamental changes needed to fully recover.'”
“CEO: 'Progress on key areas to stabilize our operations.'”
Breaks if: Revenue falls below $80 billion in FY 2026
Focus on stabilizing operations and completing development programs to recover performance.
Stated in 5 of last 5 quarters. Revenue increased to $23.9 billion in 2025-Q4 from $23.27 billion in 2025-Q3, indicating some progress in stabilizing operations. However, the company continues to face challenges in fully recovering its performance.
“CEO: 'Promoting stable operations, completing our development programs.'”
“CEO: 'Focused on the work ahead to complete our development programs.'”
“CEO: 'Stabilize our operations and deliver higher quality airplanes.'”
“CEO: 'Focused on making the fundamental changes needed to fully recover.'”
“CEO: 'Progress on key areas to stabilize our operations.'”
Leverage momentum to grow the record backlog across the business.
Stated in 3 of last 3 quarters. Backlog grew to a record $682 billion in 2025-Q4 from $636 billion in 2025-Q3, indicating successful momentum building. The company is delivering on its commitment to grow its backlog.
“CEO: 'Building on our momentum with a strong start to the year.'”
“CEO: 'Total company backlog grew to a record $682 billion.'”
“CEO: 'Total company backlog at quarter end was $636 billion.'”