Boeing (BA) Q4 2025 (USD): Adj. EPS 9.92 (exp. -0.43), Revenue 23.9bln (exp. 22.48bln); Q4 results included USD 9.6bln gain on digital aviation solutions deal and increased EPS by 11.83

• Adj. FCF 375mln (exp. 271.9mln)

• During quarter, 737 programme increased production rate to 42/mnth.
• In quarter, 777x programme began type inspection authorisation 3 phase of 777-9 certification flight testing, and anticipates first delivery in 2027.
• 787 programme began transitioning production to 8/mnth and remains focused on stabilising at that rate.

Boeing's Q4 results significantly beat expectations, driven by a notable gain from a digital aviation solutions deal, which is a positive signal for the company's profitability. The substantial increase in adjusted EPS and free cash flow suggests strengthening operational performance, which may bolster investor confidence and impact the stock positively. Additionally, advancements in production rates for key aircraft models indicate Boeing's recovery trajectory is gaining momentum, with potential implications for both equity valuations and broader market sentiment regarding aerospace recovery.