BAE Systems plc (BA) Earnings Call Transcripts

BAE Systems plc's Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, The Boeing Company reported revenue of $24.6 billion, an 8% increase year-over-year, driven by solid growth across all segments. The company recorded a core loss per share of $0.76, reflecting improved segment earnings despite a $280 million charge related to the VC-25B program. Management maintained its free cash flow guidance of $1 billion to $3 billion for the year, signaling confidence in operational momentum and production ramp-up, particularly in commercial airplanes, which is crucial for stock performance going forward.

Reported metrics

Guidance from management

Boeing maintained its free cash flow guidance of $1 billion to $3 billion for 2026, indicating confidence in operational improvements and production ramp-up. Management expects to be free cash flow positive for the year, supported by rising delivery rates and improved performance in its defense and services segments.

What management said

Thank you, and good morning. Welcome to Boeing's quarterly earnings call. With me today are Kelly Ortberg, Boeing's President and Chief Executive Officer; and Jay Malave, Boeing's Executive Vice President and Chief Financial Officer. This quarter's webcast, earnings release and presentation, which include relevant disclosures and non-GAAP reconciliations are available on our website. Today's discussion includes for...

Okay. Let me start with changes. So really no change to our plan. When we took the last EAC charge, the whole change in corp scope was contemplated when we did that. Yes, I'm not going to negotiate contract changes with our customer here in public. We're -- we've got a plan are some earlier changing core aircraft that clearly have more work to be done than others. But again, that was contemplated when we did our EA...

What analysts pressed on

Analysts expressed concerns regarding the supply chain's ability to support increased production rates, particularly for the 737. There were also questions about the impact of ongoing labor negotiations and the potential for work stoppages, which could disrupt operations and affect financial performance.

Main topics on the call

• Production Ramp-Up — Boeing is increasing production rates, with the 737 ramping to 47 airplanes per month and plans to reach 52 per month soon. CEO Kelly Ortberg stated, "We're on track to deliver 500 airplanes this year," indicating strong...
• Certification Progress — The FAA has authorized Boeing to resume issuing airworthiness certificates for the 737 MAX and 787 airplanes, which is a significant milestone. Ortberg noted, "These certifications pave the way for both airplane variants...
• Defense Segment Challenges — The defense segment faced a $280 million charge due to the VC-25B program, which reflects ongoing risks. Malave mentioned, "These additional investments resulted in a $280 million charge during the quarter," indicating f...
• Free Cash Flow Guidance — Boeing maintained its free cash flow guidance of $1 billion to $3 billion for 2026, with positive cash flow of $631 million in Q2. Malave stated, "We expect third quarter free cash flow to be positive and in the low hund...

Read the full BAE Systems plc transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 78 BAE Systems plc earnings call transcripts on record, spanning January 29, 2020 to July 30, 2026. Based on this history, BAE Systems plc reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

BA

Exchange

LSE

Country

GB

Sector

Industrials

Industry

Aerospace and Defense

Calls on record

78

First call

January 29, 2020

Most recent

July 30, 2026

Reporting cadence

quarterly