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CLAIM #9442 · The Boeing Company (BA) · 2026Q1 earnings call · Apr 22, 2026 · due Dec 31, 2026

We expect second quarter free cash flow to improve with the second half of the year turning positive.

Jay Malave · CFO

PENDING
graded after results covering Dec 31, 2026 are reported

How to check this claim

Look at: Free cash flow, second quarter (Q2 2026) and second half of 2026 (Q3+Q4)

It came true if: Q2 2026 free cash flow higher (less negative or more positive) than Q1 2026 reported figure, AND combined Q3+Q4 2026 free cash flow > $0

Where: Company cash flow statement / free cash flow disclosure in quarterly earnings releases (10-Q filings and earnings call materials)

In context

ft over to cash and debt. Cash and marketable securities ended at $20.9 billion, primarily reflecting debt repayments and free cash flow usage in the quarter. Debt balance ended at $47.2 billion, down $6.9 billion in the quarter on the paydown of maturing debt, consistent with our debt reduction plans. There are $1.4 billion of maturities left in the year. We also maintained access to credit facilities of $10 billion, all of which remain undrawn, and we remain committed to strengthening the balance sheet and supporting our investment-grade rating. Regarding our cash flow outlook, we continue to expect positive free cash flow of $1 billion to $3 billion this year, aligned with the expectations I shared last quarter. As I said previously, we benefited from order timing in the first quarter. We expect second quarter free cash flow to improve with the second half of the year turning positive. Of note, we assume the expected DOJ payment to occur in the second half of the year. Beyond 2026 and consistent with what we've discussed previously, cash flow is expected to grow primarily driven by higher commercial deliveries, steady performance improvements at BDS and continued growth at BGS. We continue to view the $10 billion free cash flow figure as very attainable with significant growth beyond that into the next decade as we execute on our record backlog and benefit from continued strong market demand. Okay. Let's sum it all up. A good start to the year as we continue to build on the momentum from 2025, and we're focused on steadily elevating our performance in 2026 to deliver on the long-term potential of this business. With that, let's open up the call for questions. Operator:

Verify independently

SEC filings for BA · Claim quote is verbatim from the 2026Q1 earnings call.