Boeing shares have risen 7.4% year to date, matching the Zacks Aerospace-Defense industry's 7% gain. In the second quarter of 2026, Boeing Commercial Airplanes delivered 171 airplanes, up 14% year over year and the highest quarterly total since 2018, with segment revenues increasing 8% to $11.75 billion. The company booked 246 net commercial orders and ended the quarter with a record $597 billion BCA backlog. On the defense side, the U.S. Navy MQ-25A Stingray and U.S. Air Force T-7A Red Hawk both achieved Milestone C, clearing them for low-rate initial production, and Boeing signed offset agreements with Polish entities to support Poland's AH-64E Apache helicopter fleet. However, aircraft order cancellations totaled $2.78 billion in the first half of 2026, primarily for 737 aircraft, and the 777X program remains seven years late with an expected entry into service in 2027. The Zacks Consensus Estimate for 2026 earnings per share indicates a year-over-year improvement of 91.73%, and the stock trades at a forward price-to-sales ratio of 1.73, a discount to the industry average of 2.67.
