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Cover and table of contents

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Cover and table of contents

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended March 31, 2026

or

☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

Commission file number 1-442

THE BOEING COMPANY

(Exact name of registrant as specified in its charter)

Delaware91-0425694
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification No.)
929 Long Bridge DriveArlington,VA22202
(Address of principal executive offices)(Zip Code)
(703)465-3500

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each classTrading Symbol(s)Name of each exchange on which registered
Common Stock, $5.00 Par ValueBANew York Stock Exchange
Depositary Shares, each representing a 1/20th interest in a share of 6.00% Series A Mandatory Convertible Preferred Stock, $1.00 Par ValueBA-PRANew York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and "emerging growth company" in Rule 12b-2 of the Exchange Act. (Check one):

Large Accelerated Filer☒Accelerated filer☐
Non-accelerated filer☐Smaller reporting company☐
Emerging growth company☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).

Yes ☐ No ☒

As of April 15, 2026, there were 788,302,331 shares of common stock, $5.00 par value, issued and outstanding.

THE BOEING COMPANY

FORM 10-Q

For the Quarter Ended March 31, 2026

INDEX

Part I. Financial Information (Unaudited)Page
Item 1.Financial Statements1
Condensed Consolidated Statements of Operations1
Condensed Consolidated Statements of Comprehensive Income2
Condensed Consolidated Statements of Financial Position3
Condensed Consolidated Statements of Cash Flows4
Condensed Consolidated Statements of Equity5
Summary of Business Segment Data6
Note 1 - Basis of Presentation7
Note 2 - Spirit Acquisition8
Note 3 - Earnings Per Share9
Note 4 - Income Taxes10
Note 5 - Allowance for Losses on Financial Assets11
Note 6 - Inventories11
Note 7 - Contracts with Customers12
Note 8 - Financing Receivables and Operating Lease Equipment12
Note 9 - Investments13
Note 10 - Liabilities, Commitments & Contingencies14
Note 11 - Arrangements with Off-Balance Sheet Risk17
Note 12 - Debt18
Note 13 - Postretirement Plans18
Note 14 - Share-Based Compensation and Other Compensation Arrangements19
Note 15 - Shareholders' Equity19
Note 16 - Derivative Financial Instruments20
Note 17 - Fair Value Measurements22
Note 18 - Legal Proceedings24
Note 19 - Segment and Revenue Information24
Report of Independent Registered Public Accounting Firm29
Forward-Looking Statements30
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations32
Consolidated Results of Operations and Financial Condition32
Commercial Airplanes37
Defense, Space & Security39
Global Services41
Liquidity and Capital Resources42
Contingent Obligations43
Non-GAAP Measures44
Item 3.Quantitative and Qualitative Disclosures About Market Risk45
Item 4.Controls and Procedures46
Part II. Other Information
Item 1.Legal Proceedings47
Item 1A.Risk Factors47
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds47
Item 3.Defaults Upon Senior Securities47
Item 4.Mine Safety Disclosures47
Item 5.Other Information47
Item 6.Exhibits48
Signature49

Part I. Financial Information

Next: Item 1. Financial Statements