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The Boeing Company (BA) — Earnings Call X-Ray

Our AI read all 38 of BA's earnings calls (2016–2025) and answered the same battery of questions about each one. Every past call is free; the newest quarter unlocks with a free account.

Latest Call Grade
🔒
Q1 2025 · sign up to see
Previous Call Grade
D
Q4 2024
Expected Move
🔒
next 45 days · members
Calls Analyzed
38
2016–2025
Avg Candor
6.8/9
evasion 3.4/9
High CandorCritic AmmunitionVolume Step-UpUnderused Fixed CostsMargins ContractingCutting HeadcountCapex IncreasingQuestion Left Hanging

Call-by-call analysis

🔒 Q1 2025 earnings call 2025-04-23 NEWEST

Guidance: ■■■■■Demand: ■■■■■■ Margins: ■■■■Backlog: ■■■■ ■ analysts, ■■ questionsexpected move ±■■%
Candor /9
Specificity /9
Evasion /9
Stress /9

Management ■■■■■■ guidance against ■■■■■■■■ demand and ■■■■■■■ margins. The delivery was ■■■■■■■■ and ■■■■ in specifics, with ■■■ questions left hanging.

🔒 The Q1 2025 call grade is ready
The full 37-point AI read of BA's newest earnings call — grade, expected move, and every question answered — is free with an account.
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D Q4 2024 earnings call 2025-01-28

Management gave no formal guidance against steady demand and contracting margins. The delivery was unusually candid, rich in specifics.

Demand: stableMargins: contractingBacklog: stablePricing: stableHeadcount: cuttingCapex: increasing 12 analysts · 22 questions
⚑ Critic ammunition⚑ Question left hanging✓ Resolves doubts✓ Volume step-up aheadDirection beats results
Candor 7/9
Specificity 7/9
Evasion 4/9
Confidence 6/9
Uncertainty 5/9
Promotion 3/9
Stress 4/9
Complexity 7/9
All 20 questions our AI answered about this call
NO Would a skeptical short-seller find this call reassuring?
NO Would a careful investor underwrite management's guidance?
YES Is management's confidence proportionate to the evidence presented?
YES Does the call resolve more doubts than it creates?
YES Is there something a critic could fairly use against the company?
NO Is a claimed advantage dependent on scale they lack?
YES Does an obvious question remain unanswered?
NO Is a product early in its life but growing very fast?
NO Do they serve a small fraction of their addressable customers?
YES Is volume about to step up rather than grow gradually?
YES Are high fixed costs currently underutilised?
NO Is pricing recovering from a depressed level?
YES Do current results look bad while the direction looks better?
NO Are deferred revenue or customer prepayments growing?
NO Is consolidation happening among their peers?
NO Is a founder still running the company?
NO Does the final speaker sound like they are summarizing a finished story?
NO Is a fast-growing segment obscured by a declining one?
NO Does the CFO speak more than the CEO?
NO Does the call read rehearsed rather than lived?

F Q3 2024 earnings call 2024-10-23

Management lowered guidance against steady demand and contracting margins. The delivery was unusually candid, visibly under pressure.

Guidance: loweredDemand: stableMargins: contractingBacklog: stableHeadcount: cuttingCapex: increasing 12 analysts · 16 questions
⚑ Critic ammunition⚑ Question left hanging✓ Prepayments growing✓ Volume step-up aheadDirection beats results
Candor 8/9
Specificity 6/9
Evasion 5/9
Confidence 4/9
Uncertainty 7/9
Promotion 3/9
Stress 6/9
Complexity 7/9
All 20 questions our AI answered about this call
NO Would a skeptical short-seller find this call reassuring?
NO Would a careful investor underwrite management's guidance?
NO Is management's confidence proportionate to the evidence presented?
NO Does the call resolve more doubts than it creates?
YES Is there something a critic could fairly use against the company?
NO Is a claimed advantage dependent on scale they lack?
YES Does an obvious question remain unanswered?
NO Is a product early in its life but growing very fast?
NO Do they serve a small fraction of their addressable customers?
YES Is volume about to step up rather than grow gradually?
YES Are high fixed costs currently underutilised?
NO Is pricing recovering from a depressed level?
YES Do current results look bad while the direction looks better?
YES Are deferred revenue or customer prepayments growing?
NO Is consolidation happening among their peers?
NO Is a founder still running the company?
NO Does the final speaker sound like they are summarizing a finished story?
NO Is a fast-growing segment obscured by a declining one?
NO Does the CFO speak more than the CEO?
NO Does the call read rehearsed rather than lived?

D Q2 2024 earnings call 2024-07-31

Management lowered guidance against steady demand and contracting margins. The delivery was unusually candid, rich in specifics.

Guidance: loweredDemand: stableMargins: contractingBacklog: growingPricing: stableCapex: increasing 11 analysts · 21 questions
⚑ Critic ammunition⚑ Question left hanging✓ Volume step-up ahead⚑ Reads rehearsedCFO dominatesDirection beats results
Candor 7/9
Specificity 8/9
Evasion 4/9
Confidence 6/9
Uncertainty 5/9
Promotion 5/9
Stress 3/9
Complexity 7/9
All 20 questions our AI answered about this call
NO Would a skeptical short-seller find this call reassuring?
NO Would a careful investor underwrite management's guidance?
YES Is management's confidence proportionate to the evidence presented?
NO Does the call resolve more doubts than it creates?
YES Is there something a critic could fairly use against the company?
NO Is a claimed advantage dependent on scale they lack?
YES Does an obvious question remain unanswered?
NO Is a product early in its life but growing very fast?
NO Do they serve a small fraction of their addressable customers?
YES Is volume about to step up rather than grow gradually?
YES Are high fixed costs currently underutilised?
NO Is pricing recovering from a depressed level?
YES Do current results look bad while the direction looks better?
NO Are deferred revenue or customer prepayments growing?
NO Is consolidation happening among their peers?
NO Is a founder still running the company?
NO Does the final speaker sound like they are summarizing a finished story?
NO Is a fast-growing segment obscured by a declining one?
YES Does the CFO speak more than the CEO?
YES Does the call read rehearsed rather than lived?

F Q1 2024 earnings call 2024-04-24

Management lowered guidance against steady demand and contracting margins. The delivery was unusually candid, rich in specifics.

Guidance: loweredDemand: stableMargins: contractingBacklog: growingPricing: under pressure 10 analysts · 13 questions
⚑ Critic ammunition⚑ Question left hanging✓ Volume step-up aheadDirection beats results
Candor 8/9
Specificity 7/9
Evasion 3/9
Confidence 6/9
Uncertainty 5/9
Promotion 4/9
Stress 4/9
Complexity 7/9
All 20 questions our AI answered about this call
NO Would a skeptical short-seller find this call reassuring?
NO Would a careful investor underwrite management's guidance?
NO Is management's confidence proportionate to the evidence presented?
NO Does the call resolve more doubts than it creates?
YES Is there something a critic could fairly use against the company?
YES Is a claimed advantage dependent on scale they lack?
YES Does an obvious question remain unanswered?
NO Is a product early in its life but growing very fast?
NO Do they serve a small fraction of their addressable customers?
YES Is volume about to step up rather than grow gradually?
YES Are high fixed costs currently underutilised?
NO Is pricing recovering from a depressed level?
YES Do current results look bad while the direction looks better?
NO Are deferred revenue or customer prepayments growing?
YES Is consolidation happening among their peers?
NO Is a founder still running the company?
NO Does the final speaker sound like they are summarizing a finished story?
NO Is a fast-growing segment obscured by a declining one?
NO Does the CFO speak more than the CEO?
NO Does the call read rehearsed rather than lived?
From the research question bank

F Q4 2023 earnings call 2024-01-31

Management withdrew guidance against steady demand. The delivery was unusually candid.

Guidance: withdrawnDemand: stableBacklog: growingCapex: increasing 9 analysts · 18 questions
⚑ Critic ammunition⚑ Question left hanging✓ Prepayments growingDirection beats results
Candor 8/9
Specificity 6/9
Evasion 5/9
Confidence 6/9
Uncertainty 6/9
Promotion 3/9
Stress 3/9
Complexity 6/9
All 20 questions our AI answered about this call
NO Would a skeptical short-seller find this call reassuring?
NO Would a careful investor underwrite management's guidance?
YES Is management's confidence proportionate to the evidence presented?
NO Does the call resolve more doubts than it creates?
YES Is there something a critic could fairly use against the company?
NO Is a claimed advantage dependent on scale they lack?
YES Does an obvious question remain unanswered?
NO Is a product early in its life but growing very fast?
NO Do they serve a small fraction of their addressable customers?
NO Is volume about to step up rather than grow gradually?
YES Are high fixed costs currently underutilised?
NO Is pricing recovering from a depressed level?
YES Do current results look bad while the direction looks better?
YES Are deferred revenue or customer prepayments growing?
NO Is consolidation happening among their peers?
NO Is a founder still running the company?
NO Does the final speaker sound like they are summarizing a finished story?
NO Is a fast-growing segment obscured by a declining one?
NO Does the CFO speak more than the CEO?
NO Does the call read rehearsed rather than lived?

D Q3 2023 earnings call 2023-10-25

Management lowered guidance against accelerating demand and contracting margins. The delivery was unusually candid, rich in specifics.

Guidance: loweredDemand: acceleratingMargins: contractingBacklog: growingPricing: stable 10 analysts · 18 questions
⚑ Critic ammunition⚑ Question left hanging✓ Guidance underwritable✓ Volume step-up ahead⚑ Reads rehearsedCFO dominates
Candor 7/9
Specificity 8/9
Evasion 4/9
Confidence 6/9
Uncertainty 5/9
Promotion 5/9
Stress 4/9
Complexity 7/9
All 20 questions our AI answered about this call
NO Would a skeptical short-seller find this call reassuring?
YES Would a careful investor underwrite management's guidance?
YES Is management's confidence proportionate to the evidence presented?
NO Does the call resolve more doubts than it creates?
YES Is there something a critic could fairly use against the company?
NO Is a claimed advantage dependent on scale they lack?
YES Does an obvious question remain unanswered?
NO Is a product early in its life but growing very fast?
NO Do they serve a small fraction of their addressable customers?
YES Is volume about to step up rather than grow gradually?
YES Are high fixed costs currently underutilised?
NO Is pricing recovering from a depressed level?
YES Do current results look bad while the direction looks better?
NO Are deferred revenue or customer prepayments growing?
NO Is consolidation happening among their peers?
NO Is a founder still running the company?
NO Does the final speaker sound like they are summarizing a finished story?
NO Is a fast-growing segment obscured by a declining one?
YES Does the CFO speak more than the CEO?
YES Does the call read rehearsed rather than lived?

C+ Q2 2023 earnings call 2023-07-26

Management held guidance steady against accelerating demand and contracting margins. The delivery was unusually candid, rich in specifics.

Guidance: maintainedDemand: acceleratingMargins: contractingBacklog: growingPricing: raising 12 analysts · 22 questions
⚑ Critic ammunition✓ Skeptic reassured⚑ Question left hanging✓ Guidance underwritable✓ Resolves doubts✓ Prepayments growing
Candor 7/9
Specificity 8/9
Evasion 4/9
Confidence 8/9
Uncertainty 4/9
Promotion 5/9
Stress 3/9
Complexity 6/9
All 20 questions our AI answered about this call
YES Would a skeptical short-seller find this call reassuring?
YES Would a careful investor underwrite management's guidance?
YES Is management's confidence proportionate to the evidence presented?
YES Does the call resolve more doubts than it creates?
YES Is there something a critic could fairly use against the company?
NO Is a claimed advantage dependent on scale they lack?
YES Does an obvious question remain unanswered?
NO Is a product early in its life but growing very fast?
NO Do they serve a small fraction of their addressable customers?
YES Is volume about to step up rather than grow gradually?
YES Are high fixed costs currently underutilised?
YES Is pricing recovering from a depressed level?
YES Do current results look bad while the direction looks better?
YES Are deferred revenue or customer prepayments growing?
NO Is consolidation happening among their peers?
NO Is a founder still running the company?
NO Does the final speaker sound like they are summarizing a finished story?
NO Is a fast-growing segment obscured by a declining one?
NO Does the CFO speak more than the CEO?
NO Does the call read rehearsed rather than lived?

Earlier calls

CallDateGradeGuidanceDemandMarginsCandorEvasion
Q1 2023 2023-04-26 C maintainedacceleratingcontracting 7/9 3/9
Q4 2022 2023-01-25 C+ maintainedacceleratingcontracting 7/9 4/9
Q3 2022 2022-10-26 F loweredacceleratingcontracting 7/9 3/9
Q2 2022 2022-07-27 F loweredacceleratingcontracting 6/9 5/9
Q1 2022 2022-04-27 D maintainedacceleratingcontracting 7/9 4/9
Q4 2021 2022-01-26 D maintainedacceleratingcontracting 7/9 4/9
Q3 2021 2021-10-27 F maintainedacceleratingcontracting 6/9 5/9
Q2 2021 2021-07-28 D maintainedacceleratingexpanding 7/9 3/9
Q1 2021 2021-04-28 D maintainedmixedcontracting 7/9 3/9
Q4 2020 2021-01-27 D nonemixedcontracting 7/9 4/9
Q3 2020 2020-10-28 F loweredslowingcontracting 7/9 3/9
Q2 2020 2020-07-29 D loweredslowingcontracting 7/9 3/9
Q1 2020 2020-04-29 D loweredslowingcontracting 8/9 3/9
Q4 2019 2020-01-29 F withdrawnmixedcontracting 7/9 4/9
Q3 2019 2019-10-23 F withdrawnstablecontracting 6/9 5/9
Q2 2019 2019-07-24 F withdrawnstablecontracting 6/9 4/9
Q1 2019 2019-04-24 F withdrawnstablecontracting 6/9 5/9
Q4 2018 2019-01-30 C+ maintainedstableexpanding 7/9 3/9
Q3 2018 2018-10-24 C+ raisedacceleratingexpanding 7/9 3/9
Q2 2018 2018-07-25 B+ raisedacceleratingexpanding 7/9 2/9
Q1 2018 2018-04-25 A raisedacceleratingexpanding 7/9 2/9
Q4 2017 2018-01-31 C+ maintainedstableexpanding 6/9 3/9
Q3 2017 2017-10-25 B raisedacceleratingexpanding 6/9 4/9
Q2 2017 2017-07-26 B+ raisedstableexpanding 6/9 3/9
Q1 2017 2017-04-26 B raisedmixedstable 7/9 3/9
Q4 2016 2017-01-25 C loweredstableexpanding 7/9 3/9
Q3 2016 2016-10-26 B+ raisedmixedunclear 7/9 2/9
Q2 2016 2016-07-27 C loweredmixedexpanding 7/9 3/9
Q1 2016 2016-04-27 C maintainedstablecontracting 7/9 4/9
Q4 2015 2016-01-27 C+ loweredstablecontracting 7/9 2/9

How to read this page

The grade is a transparent composite of call quality — candor, specificity, low evasion, low stress, whether the call resolves more doubts than it creates, and the guidance action — not a buy or sell signal. The expected move is a volatility estimate from the one signal that survived our out-of-sample tests: how a stock's own reaction and pre-call volatility predict the size (not direction) of its next move. Full detail, including everything that failed: methodology.

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Not investment advice. Artul.ai publishes AI-generated earnings-call quality grades and expected-volatility estimates — never buy or sell recommendations. We tested over 1,600 predictive hypotheses against 165,000 transcripts; the honest result, including what failed, is documented in our methodology.