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- Boeing's Backlog Grew to $745 Billion. The Question Remains How Fast It Can Fulfill It
Boeing reported an adjusted loss of $0.34 per share, worse than the $0.21 loss Wall Street expected, although revenue of nearly $24.2 billion beat the $23.84 billion forecast. Its total order backlog hit a record $745 billion at the end of September, including over 6,300 commercial airplanes and up about $30 billion from the prior quarter. However, CEO Robert Kelly Ortberg said the 737 Max has not yet reached its stability rate of 47 per month and may not be fully stable at that rate until next year, pushing the target of 52 per month to the second half of 2027, and the stock fell nearly 10.7% on Oct. 27. The 737 Max 10 recently received FAA certification and has over 1,500 orders, while the U.S. Navy selected Boeing for a $20 billion contract to build its sixth-generation fighter aircraft. Ortberg expects free cash flow of about $2 billion this year and $10 billion by 2029, below the $12.5 billion Wall Street consensus had modeled for 2029 before the report.
- RTX Has a $340 Billion Backlog and Trades at 32 Times Earnings. Is It the Best Defense Stock to Buy Right Now?
The article says RTX's recent results strengthened the investment case, with management raising guidance for sales, earnings and cash flow, and a $340 billion backlog. The stock trades at 32 times trailing earnings. The author benchmarks it against Lockheed Martin (13.8 times 2027 operating income on analyst consensus) and GE Aerospace (25.1 times), assuming 30% of Collins Aerospace and Pratt & Whitney is defense and 70% commercial aerospace, which implies 21.7 times. Using expected 2027 net debt of $22.6 billion, the theoretical value is about $186 per share versus the current $192. The author concludes RTX looks fairly valued relative to peers and is more a long-term buy-and-hold stock than a clear bargain.
- Boeing shares slide on a disappointing cash flow update. Why this dip is buyable
Boeing shares fell about 10% on Tuesday to a fresh 52-week low after the company gave long-term free cash flow guidance below expectations, even though third-quarter revenue of $24.19 billion rose 4% year over year and beat forecasts. Free cash flow of $464 million beat the $330 million expected, and Boeing kept its $2 billion expectation for 2026. However, it now sees free cash flow of $3 billion in 2027 and $6 billion in 2028, reaching its $10 billion target in 2029, a year later than Wall Street had modeled. The company ended the quarter with a record $745 billion backlog, and CEO Kelly Ortberg said customer demand has not changed. The author views the report as a clearing event, reiterating a buy-equivalent 1 rating while lowering the price target to $225.
- The big reason Boeing's stock is falling so hard after earnings
- JetBlue Airways Corporation Q3 2026 Earnings Call Summary
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Microsoft shares rose more than 5% on Wednesday afternoon after the company reported revenue and profit above expectations, driven by its Azure cloud unit, which grew 48% in the September quarter. Total revenue reached $92.3 billion and profit exceeded $36.6 billion, compared with FactSet analyst estimates of about $90.6 billion and $35.1 billion. Days earlier, Microsoft offered voluntary buyouts to about 60,000 employees, roughly a quarter of its workforce, its second such offer this year. Headcount fell to 223,000 at the end of June from 228,000 at the end of 2025. Capital expenditures reached $45.2 billion, mostly on short-lived assets such as memory chips and storage, and the company expects more than $50 billion in the final quarter of 2026, bringing full-year spending to $170 billion.
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Apple unveiled its first touchscreen MacBook Pro models at an event in Los Angeles. They still run macOS, and CNBC found touch fully optional, since the trackpad and keyboard remain the main inputs and the interface looks largely unchanged apart from tweaks such as an enlarged red window button. Apple says its software converts each touch into a standard click, and that third-party developers such as Microsoft and Adobe will enlarge their touch targets. The Apple logo on the lid lights up, the first Apple laptop to do so since the 2017 MacBook Air. Prices start at $2,899 for the 14-inch model and at least $3,399 for the larger one.
- NVDA Stock Edges Down On DOJ Interest In $12.9 Billion Hugging Face Acquisition
Nvidia shares slipped 1% on Wednesday after reports that the U.S. Department of Justice asked how its planned acquisition of Hugging Face could affect AI competition, including whether Nvidia could control a key distribution point for AI models and tools. The questions add to a years-long antitrust probe of Nvidia that began under former President Joe Biden and reportedly covers its acquisitions, investments, sales practices and whether it has pressured customers, with past deals such as SchedMD, Groq's licensing deal and Run.ai also examined. Nvidia announced in early September that it agreed to buy Hugging Face for about $12.93 billion, including roughly $11.9 billion payable to investors and an equity-based retention program of up to about $1 billion for employees. Jensen Huang has pledged that the platform will remain open to models, frameworks, clouds and computing platforms across the industry, and that Nvidia's chips will not be required to use it. The deal is expected to close in the first half of 2027.
- Google slumps amid fears of AI overspending
Alphabet, Google's parent company, saw its shares fall as much as 9% after hours after quarterly sales and profits missed Wall Street estimates, amid worries about AI overspending. Google spent $51.3bn between July and September, up from $44.9bn in the prior quarter, and reported negative free cash flow of $9.1bn, the second negative quarter since it listed more than 20 years ago. Earnings were $2.12 a share against expectations of about $3, weighed down by an $8.7bn loss on its equity investments including a large SpaceX stake, while revenue rose 25% to $127.6bn, slightly below the roughly $128bn analysts forecast. Microsoft, by contrast, rose as much as 6.4% after hours on stronger cloud performance, with revenue up 19% to $92.3bn and Azure sales up 48%. Separately, Anthropic has filed for a New York IPO that could become the world's largest ever, with a target valuation of around $1.5tn to $2tn, and plans to open shares to retail investors in the UK and parts of continental Europe through RetailBook.
- Not Space. Not Starlink. Here's My Top Reason to Buy SpaceX Stock.
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- GOOGL Stock Slumps 11% After-Hours: Alphabet's Surge in AI Spending Pressures Third-Quarter Profits And Cash Flows
GOOGL shares dropped about 11% after hours as third-quarter profit was squeezed by heavy AI infrastructure spending and an $8.7 billion loss on its equity investment portfolio. Consolidated revenue rose 25% to $127.58 billion, while net income available to common stockholders fell to $26.17 billion, or $2.12 per share, below the $2.99 per share Wall Street expected. Google Cloud revenue rose 103% to $30.71 billion and its operating income reached $11.12 billion, which management linked to enterprise AI demand and sales of its TPU hardware. Free cash flow was negative $9.1 billion, the second consecutive negative quarter, and analysts polled by Fiscal.ai expect it to stay negative until the quarter ending September 2027. Alphabet also issued $28.7 billion of senior unsecured debt and raised $12.4 billion through its at-the-market share issuance program.
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