BA · Boeing Q2 FY2026 earnings call record财报电话会记录

“This positions us to deliver higher volumes and respond quickly when challenges arise.”

“These certifications pave the way for both airplane variants to start deliveries in 2027, and I'm confident these newest members of the 737 MAX family will deliver on the promise of greater efficiency and more capability for our customers.”

“Across the commercial market, we continue to see exceptional demand and market conditions as evidenced by our record backlog of more than 6,200 airplanes and a market outlook of nearly 44,000 new aircraft over the next 20 years.”

“Revenue of $24.6 billion was up 8%, driven by solid growth across all three segments, including higher commercial deliveries and strong defense volume.”

“The revenue impacts from the Spirit acquisition and Digital Aviation Solutions divestiture in 2025 largely offset each other.”

“Revenue increased 13% to $7.5 billion, primarily driven by higher volume, including growth on classified programs, missiles and weapons, and KC-46A tanker.”

“Excluding the impact of the VC-25B adjustment, BDS operating margin was 3.5% in the quarter, reflecting better operating performance across the rest of the business.”

“Operating margin of 18.1% was down from the prior year, primarily related to the impacts of the Digital Aviation Solutions divestiture, as well as higher costs and less favorable mix.”

“The debt balance ended at $45.9 billion, down $1.3 billion in the quarter and $8.2 billion year-to-date on the paydown of maturing debt, consistent with our debt reduction plans.”

“Regarding free cash flow, we remain on track to achieve our outlook of $1 billion-$3 billion.”

“On margins, and you should see margin help from deliveries of -10s and presumably some better pricing on more recent orders, but you're going to need to work through late penalties and supply chain risks.”

“Sheila, in terms of the risk of fixed price programs going forward, I think we've made really good progress with our customers here as we've looked at the EAC on those.”