CLAIM #9455 · The Boeing Company (BA) · 2026Q1 earnings call · Apr 22, 2026 · due Dec 31, 2026
“Do you see 1Q as the low watermark for the BDS margin for the year? It's in that ballpark. I think for the year, it could -- yes, I mean, it could be a little bit better, kind of think about 3.5% for the year. So I would slight better from here on out.”
Jay Malave · CFO
How to check this claim
Look at: BDS (Boeing Defense, Space & Security) segment operating margin, full fiscal year
It came true if: Full-year 2026 BDS operating margin >= 3.5%, with Q1 2026 as the lowest quarterly margin of the year
Where: Company segment financial results (10-K / quarterly earnings release, BDS segment disclosure)
In context
“ss and price discipline. And I think Steve Parker and his team are employing that exactly right now as they march up to this high single digit. And then the last piece of it is BGS and their continued march up. They're performing exceptionally well through any environment and continue to drive growth there. So those are the 3. It's a question of timing, whether it's 10 and beyond that. But this is all underpinned by a nearly $700 billion backlog that Kelly mentioned. We talked about kind of perturbations that can occur, but it's such a strong backlog that we have the flexibility to manage these rates and still deliver on them. So it's up to us as a management team, obviously, to execute, but it's all sitting there in front of us, and we're confident that we can deliver that. Noah Poponak: Do you see 1Q as the low watermark for the BDS margin for the year? Jesus Malave: It's in that ballpark. I think for the year, it could -- yes, I mean, it could be a little bit better, kind of think about 3.5% for the year. So I would slight better from here on out. Operator: Your next question comes from the line of John Godyn from Citi. John Godyn: I wanted to maybe just ask about BCA margins, the trajectory from here. We've gotten a lot of interesting commentary on the call on 787, 737, delivery production outlook, certification trends. But intra-quarter, it felt like there was a couple of chances where you guys wanted to just level set people on BCA margins. So I wanted to just ask a question where perhaps we could kind of get it in one place, BCA margins this year, next year, kind of how do you see the play-by-play evolution with so much going on with the 737 and the 787. Jesus Malave: Yes. Thanks, John. Let me just baseline you, again, in the quarter, BCA had 6.1% margins, a little bit better than what I talked about in March, and”
Verify independently
SEC filings for BA ↗ · Claim quote is verbatim from the 2026Q1 earnings call.