---
title: "The Boeing Company’s (BA) Commercial Deliveries Hit Post-2018 Peak Amid Macro Hardware Shift"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/273884769.md"
description: "Boeing's Commercial Airplanes segment delivered 160 aircraft in Q4 2025, totaling 600 for the year, the highest since 2018. Revenue reached $89.5 billion, a 34% increase from 2024. However, the segment reported a -17.1% operating margin due to $4.9 billion in charges on the 777X program. Supply chain issues continue to affect production. Boeing's backlog grew to $682 billion. Analysts raised price targets, with Bernstein at $298 and Citigroup at $270, highlighting the importance of proceeds from the Digital Aviation sale for managing debt."
datetime: "2026-01-27T18:03:32.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/273884769.md)
  - [en](https://longbridge.com/en/news/273884769.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/273884769.md)
---

> 支持的语言: [English](https://longbridge.com/en/news/273884769.md) | [繁體中文](https://longbridge.com/zh-HK/news/273884769.md)


# The Boeing Company’s (BA) Commercial Deliveries Hit Post-2018 Peak Amid Macro Hardware Shift

The Boeing Company’s (BA) Commercial Airplanes segment delivered 160 aircraft in the fourth quarter, bringing the full-year 2025 total to 600 units. This represents the company’s highest annual delivery volume since 2018. Full-year 2025 revenue reached $89.5 billion, a 34% increase from $66.5 billion in fiscal 2024. Despite the revenue growth, the Commercial Airplanes segment reported an annual operating margin of -17.1%, weighed down by $4.9 billion in pre-tax charges on the 777X program earlier in the year.

While the broader technology sector, particularly SaaS and cloud software stocks, faces valuation pressure from high interest rates and “seat-count” rationalization, Boeing is contending with industrial macro pressures. Supply chain constraints in specialized alloys and engine components continue to cap production rates. However, the company’s total backlog grew to a record $682 billion, including over 6,100 commercial airplanes.

Analyst activity today remained focused on target price adjustments. Sanford C. Bernstein raised its price target to $298.00 from $277.00, maintaining an “Outperform” rating. Citigroup also boosted its target to $270.00, citing the $10.6 billion in total proceeds from the Digital Aviation sale as a critical buffer for the company’s $54.1 billion consolidated debt load.

The post The Boeing Company’s (BA) Commercial Deliveries Hit Post-2018 Peak Amid Macro Hardware Shift first appeared on AlphaStreet.

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