TV host Jim Cramer says Boeing Co.’s (NYSE:BA) third-quarter 2026 earnings call may have served as a reset for investor expectations, with management laying out disappointing production and cash-flow targets that could remove some uncertainty from future quarters.
Jim Cramer Touts Boeing’s Kitchen Sink Quarter
In a post on the social media platform X on Tuesday, Cramer shared views on Boeing’s earnings report. “Boeing got the kitchen sink today and people don’t see that,” he said, outlining that the post-earnings call sell-off may have been premature.
Following Boeing’s earnings call, the company’s stock declined over 10% to $168.18 at market close, but it rose 0.09% to $168.33 during the overnight trading session.
A kitchen sink quarter, in finance, usually points to a company’s management relaying disappointing results, news and other negative factors to investors during a single quarter. The move could result in short-term pressure on the company, but can also help ease pressure off future quarters and provide the company with a clean slate to work with.
Boeing’s Earnings
Boeing released its Q3 earnings report on Tuesday, where it posted revenue of $24.188 billion, which was up 4% YoY and beat analyst consensus of $23.840 billion, but the company’s EPS loss of 34 cents per share missed the market expectations of a loss of 21 cents per share.
The company outlined multiple production woes during its earnings call, with CEO Kelly Ortberg saying that the company is working towards “stabilizing production at 47 airplanes per month” for the 737 single-aisle aircraft, with management expecting to reach that target next year.
“As we close out the year, the delay in stability at 47 per month is expected to translate to the lower delivery output and come in shy of the 500 delivery target,” Boeing CFO Jesus Malave Jr. said.
Malave also said that the “777 freighter and 767 tanker production lines were disrupted” during the quarter due to a disruption by a “supplier of wing components,” but said that “shipments from that supplier have resumed.”
Ortberg also said that the company’s focus was on 777-9 certification. Boeing expects to deliver the first unit of the aircraft next year.
However, the CEO also said that the company “scored a generational win,” pointing to its defense deals with the U.S. Navy, which “selected Boeing to design, build, and deliver its 6th generation fighter jet making Boeing the exclusive 6th generation fighter company for both the U.S. Air Force and the U.S. Navy.”
Boeing’s Defense, Space & Security revenue increased 15% YoY to $7.935 billion, with the company also reporting a record defense backlog of $101 billion.
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