EI Earnings Insight Lab
Boeing Company

Boeing Company Q3 2024 Earnings Analysis

Reported on 2024-10-23 / Fiscal Quarter Q3 2024
Revenue Down YoY Sequential Improvement Margin Under Pressure EPS Below Prior Year Weak Quarter
Boeing Company faced a challenging Q3 2024, with pressure on both growth and profitability.

Revenue declined 1.5% year over year and rose 5.8% sequentially. Margins weakened from the previous quarter, indicating ongoing pressure on profitability. Boeing Company also posted year-over-year earnings growth, reinforcing a more resilient operating profile.

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Source: Company filings / processed earnings data
Summary Charts Key Takeaways Revenue Analysis Profitability FAQ
Revenue
$17.8B
YoY: -1.4582%
QoQ: 5.7749%
Net Income
$-6.2B
YoY: 277.1394%
QoQ: -328.77%
EPS (Diluted)
$-9.97
YoY: -270.63%
Net Margin
-34.6%
YoY: -25.55 pts
QoQ: -26.05 pts
Gross Margin
-19.7%
Operating Margin
-32.2%
Growth

Revenue trend

Revenue remains weak year over year, but sequential improvement suggests near-term stabilization.

Profitability

Margin and earnings quality

Margins deteriorated from last quarter, indicating weaker profit conversion.

Investor Focus

What matters next

Investors will continue watching execution quality.

Revenue & YoY Growth

Quarterly

Revenue trend and year-over-year growth across recent reported quarterly periods.

Net Income & Net Margin

Quarterly

Net income and net margin trend over recent reported quarterly periods.

Revenue Analysis

Boeing Company reported $17.8B in revenue for Q3 2024, down 1.5% YoY and up 5.8% QoQ. The result suggests that although topline pressure remains, quarterly demand may be starting to stabilize.

Revenue Snapshot
Current Quarter $17.8B
Previous Quarter $16.9B
Same Quarter Last Year $18.1B
YoY Change -1.5%
QoQ Change +5.8%

Profitability Analysis

Net income came in at $-6.2B, up 277.1% YoY and down 328.8% QoQ. Net margin was -34.6%. Sequential margin deterioration suggests profitability remains under pressure.

Profitability Snapshot
Net Income $-6.2B
EPS $-9.97
Net Margin -34.6%
QoQ Margin Change -26.1 pts

Frequently Asked Questions

Quick factual answers for this report. Need the why behind them? Ask the report assistant.

What was Boeing Company's revenue in Q3 2024?

Boeing Company reported revenue of $17.8B in Q3 2024.

What was Boeing Company's net income in Q3 2024?

Boeing Company reported net income of $-6.2B in Q3 2024.

How did Boeing Company's revenue change year over year?

Boeing Company's revenue decreased by 1.5% year over year in Q3 2024.

What was Boeing Company's net margin in Q3 2024?

Boeing Company's net margin was -34.6% in Q3 2024.

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Boeing Company Q2 2024 Earnings

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Boeing Company Company Overview

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Boeing Company Revenue & Profit Trends

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Data Source & Methodology

Financial data is sourced from company filings and internal processed earnings data.

YoY and QoQ values are derived from reported quarterly figures when not directly available.

This page is for informational purposes only and does not constitute investment advice.

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