Boeing’s stock jumped sharply after the company reported unexpectedly strong free cash flow in its latest quarterly earnings release, prompting Jim Cramer to say the aerospace giant is finally ready to move higher. Cramer, known for his market insights, shared on X that he advised his investment club members the stock could soar from here.

The highlight in Boeing’s Q2 report was a free cash flow of $631 million, a major turnaround from the anticipated $177 million cash burn. This metric caught Cramer’s attention since he considers free cash flow a critical indicator of a company’s financial health.

Mixed Earnings but Solid Deliveries Back Optimism

While Boeing’s earnings per share showed a loss of $0.76, significantly worse than the expected $0.30 loss, the company explained that a $280 million charge related to the Air Force One 747 program weighed heavily on results. Despite the miss on EPS, revenue came in slightly above forecasts at $24.56 billion compared to the expected $24.25 billion.

Another bright spot was Boeing’s commercial aircraft deliveries, which increased 14% year over year from 150 planes in Q2 2025 to 171 this quarter signaling operational momentum.

Market reaction was immediate. On July 28, Boeing's shares jumped 4.76%, moving from $211.50 to $221.56 during the regular trading session, though they retraced modestly to $221.20 in pre-market action on the following day. Looking at the bigger picture, Boeing stock is emerging from a long recovery phase. It declined 2.73% year-to-date despite the recent rally and remains about half its 2019 peak near $440.

Cramer’s bullish stance gains weight when considering these figures. The stock’s valuation and improving cash flow suggest potential for further gains as Boeing navigates operational challenges.

Material is for informational purposes and does not represent financial advice.