The Boeing Company

(New York Stock Exchange)
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Bullish +75

Another jump in Boeing deliveries shows why we got into the stock and want to stay in

AI-generated analysis

πŸ“ˆ Boeing reported 60 aircraft deliveries in May, marking its strongest monthly performance of the year.

πŸš€ This represents a 33% increase compared to May 2025 and includes 51 units of the top-selling 737 Max jets.

πŸ’° Deliveries are crucial for generating free cash flow, which Boeing aims to turn positive in the second half of 2026.

πŸ“‰ New orders softened slightly in May with only 27 bookings compared to 136 in April, but management views this as normal volatility.

🏭 CEO Kelly Ortberg confirmed that production has ramped up to 47 jets per month for the 737 Max line.

🌍 Boeing secured a significant new order from China's Commerce Ministry for 200 aircraft, its first major deal with the country in nearly a decade.

πŸ“… The company delivered 250 aircraft through May, putting it on pace to exceed last year's total of 600 deliveries for 2026.

πŸ”§ Improved operational efficiency is helping Boeing work through a backlog that extends past 2030 with over 6,000 planes remaining.

πŸ“‰ Despite positive operational news, the stock has lagged recently, trading down more than 9% over the last month.

🎯 Analysts estimate free cash flow will reach $1.15 billion in Q2 and $2.95 billion in Q4, supporting a full-year guide of $1-3 billion.

πŸ‘” CEO Kelly Ortberg is credited with cleaning up previous issues and restoring investor confidence after years of safety concerns.

πŸ“ˆ Jim Cramer reiterated his bullish prognosis for the stock, suggesting it could reach the $300 price range in the near future.

Bullish Signals
  • Boeing reported 60 deliveries in May, marking its strongest month of the year and a 33% increase compared to May 2025.
  • The top-selling 737 Max achieved its highest monthly delivery since December 2024 with 51 units delivered.
  • Through the end of May, Boeing delivered 250 aircraft, exceeding the first five months of 2025 by 30 units and on pace to eclipse last year's total of 600.
  • Improving deliveries are crucial for generating better free cash flow after years of burning cash, with a full-year guide of $1 billion to $3 billion.
  • CEO Kelly Ortberg announced Boeing can raise its 737 production rate to 47 jets per month, up from 42, indicating improved operational efficiency.
  • China's Commerce Ministry confirmed an agreement to buy 200 Boeing aircraft, marking the first order from the world's second-largest economy in almost a decade.
  • Jim Cramer reiterated his bullish prognosis for the stock, predicting it could reach the $300s and advising new Club members to buy right here.
  • Boeing met Federal Aviation Administration (FAA) regulatory requirements to increase 737 Max production, removing a key constraint on growth.
Risk Factors
  • Boeing booked only 27 new orders in May compared to 136 in April, indicating a slowdown in front-end business despite strong deliveries.
  • Shares have lagged significantly, trading down more than 9% over the last month and 15% from their 52-week high of $254.
Full Analysis
Boeing reported its strongest monthly delivery performance in May 2026, with 60 aircraft delivered, a significant increase from April's 47 deliveries and a 33% rise compared to the same month last year. The majority of these deliveries consisted of 51 737 Max jets, marking the highest monthly volume for that model since December 2024, alongside six 787 Dreamliner widebody planes. Through May, Boeing had delivered a total of 250 aircraft, exceeding the first five months of 2025 by 30 units and suggesting a potential full-year delivery count surpassing 600. This operational recovery is critical for improving free cash flow, as deliveries are tied to cash collection from customers, helping the company move toward its full-year guidance of $1 billion to $3 billion in free cash flow after a significant cash burn of $1.45 billion in the first quarter. Management has received regulatory approval to increase production rates, with CEO Kelly Ortberg confirming that Boeing is now operating at a rate of 47 jets per month for the 737 Max and targeting an increase to 52 jets per month soon. This higher production capacity aims to help clear the company's substantial backlog, which stands at 6,178 planes as of May 31 and extends past 2030. Recent positive developments also include a new agreement with China's Commerce Ministry for 200 Boeing aircraft, marking the first major order from that market in nearly a decade, alongside growing domestic demand. Despite these operational improvements and a bullish outlook from analysts like Jim Cramer who see potential for the stock to reach the $300s, shares have lagged recently, trading down more than 9% over the last month and 15% from their 52-week high of $254.