BA · Boeing Co
Price & Indicators
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AI Brief
TL;DR.
AI-generated from the earnings call and 8-K · may contain errors · not investment advice
Ask ALVIS about this →Equibles Research
our published analysis of this company-
Research ThesisSpaceX's $1.8T cap is a two-customer AI bet, with $14.1B in CSAs carrying the entire $100B ARR claim
A Q2-print read on SpaceX as a public company: how $15.8B of the $18.4B Q2 capex flowed into the AI segment, why Customer B at 19.5% and Customer A at 18.3% of revenue sit between the $47.5B backlog and the $100B December ARR target, and how the Cursor close reframes the same concentration risk.
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Research ThesisRocket Lab: Backlog is converting, but the $39B market cap is paying for a Neutron debut the company has yet to validate
Rocket Lab enters Q2 2026 with record backlog of $2,219.8M and guided revenue of $225.0M–$240.0M, yet the stock trades at -55.2% from its $150.23 high on a $39.0B market cap against $679.6M of trailing revenue — a gap the equity-funded growth model and the un-flown Neutron debut have to close.
Equibles Rating
blended score · not investment adviceBlended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Guidance & track record
Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.
Technicals
trend & momentum for long-term holders NeutralIllustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
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| 737 deliveries | 243 | Six months ended June 30, 2026 | — |
| 767 deliveries | 16 | Six months ended June 30, 2026 | — |
| 777 deliveries | 15 | Six months ended June 30, 2026 | — |
| 787 deliveries | 40 | Six months ended June 30, 2026 | — |
| Commercial Airplanes backlog | $596.72B | As of June 30, 2026 | — |
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| Commercial Airplanes backlog (airplanes) | 6,200 | Second Quarter 2026 | — |
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| Commercial Airplanes deliveries | 171 | Second Quarter 2026 | — |
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| Commercial Airplanes net orders | 246 | Second Quarter 2026 | — |
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| commercial deliveries | 171 | Second Quarter 2026 | — |
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| Contractual backlog | $674.51B | As of June 30, 2026 | — |
| Core loss per share (non-GAAP) non-GAAP | -$0.97 | First Half of 2026 | — |
| Core operating earnings (non-GAAP) non-GAAP | $294M | First Half of 2026 | — |
| Core operating margins non-GAAP | 0% | Second Quarter 2026 | — |
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| Defense, Space & Security backlog | $85.32B | As of June 30, 2026 | — |
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| Defense, Space & Security deliveries | 65 | Six months ended June 30, 2026 | — |
| Free cash flow non-GAAP | $631M | Second Quarter 2026 | — |
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| Global Services backlog | $32.84B | As of June 30, 2026 | — |
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| Total backlog | $715.26B | As of June 30, 2026 | — |
| Total Commercial Airplanes deliveries | 314 | Six months ended June 30, 2026 | — |
| Total company backlog | 715B | Second Quarter 2026 | — |
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| Unobligated backlog | $40.76B | As of June 30, 2026 | — |
| Deliveries | 143 | First Quarter 2026 | — |
| Net orders | 140 | First Quarter 2026 | — |
| Core earnings per share non-GAAP | $1.19 | Full Year | — |
| Core operating earnings non-GAAP | $3.24B | Full Year | — |
| Global Services orders | 28B | Full Year | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Aerospace & Defense — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
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BA
this stock
Boeing Co
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$176.30B | +2.3% | +34.5% | 80.2 | 2.0% |
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SPCX
Space Exploration Technologies Corp
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$1.88T | — | — | — | 1.6% |
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GE
General Electric Co
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$369.61B | +15.6% | +18.5% | 42.0 | 1.4% |
|
RTX
RTX Corp
|
$302.11B | +20.1% | +17.1% | 39.5 | 1.3% |
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EADSF
Airbus SE/ADR
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$195.50B | +5.8% | — | — | 0.1% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionPerformance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| BA | -3.9% | +6.5% | -3.1% | +2.8% | +2.3% |
| SPY | -0.4% | +2.9% | +11.6% | +3.0% | +12.8% |
| vs SPY | -3.5% | +3.6% | -14.7% | -0.2% | -10.4% |
Capital returns
Dividends per share over the trailing 365 days by ex-date · buyback figures as last reported in SEC filings ("spent" derived as authorized − remaining; when several programs run concurrently, authorized is their combined total per the newest filing) · components shown separately — trailing-year buyback spend isn't tracked, so no combined shareholder yield is derived.