RTX Beats Q3 2026 EPS by 27% With a Record $340 Billion Backlog
As seen on the 24/7 Wall St. homepage on October 20, 2026.
A record $340 billion backlog gives this business years of booked work, and management raised full-year guidance for the third time. Collins Aerospace margins expanded 560 basis points to 21.3%, with all three segments growing double digits.
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RTX posted adjusted earnings per share of $2.26 for the third quarter of 2026, missing expectations to the upside against a consensus of $1.78, its sixth straight quarter beating estimates.
Collins Aerospace expanded adjusted operating margins 560 basis points to 21.3% on commercial volume, favorable mix, and tariff cost recovery, while Raytheon's adjusted operating profit rose 32% on Patriot, Standard Missile, and Tomahawk demand.
CEO Chris Calio said new commercial and defense awards pushed total backlog to a record $340 billion, giving RTX revenue visibility well beyond the current fiscal year.
Management raised full-year 2026 guidance for the third time, lifting the adjusted EPS outlook to a range of $7.65 to $7.75 alongside higher sales and free cash flow targets.
Operating cash flow declined 38% year over year, and Pratt and Whitney absorbed a $363 million charge tied to a customer bankruptcy that was excluded from adjusted results. Keep an eye on the stock as GTF powder metal inspections and DOJ and SEC inquiries continue.
Mentioned: RTX