Q2 26 EPS
$1.89
BEAT +13.71%
Est. $1.66
Q2 26 Revenue
$24.71B
BEAT +7.99%
Est. $22.88B
Market Reaction
Did RTX Beat Earnings? Q2 2026 Results
RTX Corp delivered a standout second quarter in 2026, beating Wall Street expectations for the fifth consecutive quarter as adjusted earnings per share of $1.89 topped the $1.66 consensus estimate by 13.86%, while revenue climbed 14.5% year over year… Read more RTX Corp delivered a standout second quarter in 2026, beating Wall Street expectations for the fifth consecutive quarter as adjusted earnings per share of $1.89 topped the $1.66 consensus estimate by 13.86%, while revenue climbed 14.5% year over year to $24.71 billion. The primary engine behind the results was broad-based strength across all three business segments, with Raytheon posting 18% sales growth to $8.27 billion on surging demand for land and air defense systems including Patriot and AMRAAM programs, and Pratt & Whitney growing revenue 16% to $8.89 billion fueled by a 25% jump in commercial aftermarket activity. Free cash flow swung sharply positive to $2.88 billion, and the company's backlog expanded 22% to $289.00 billion, reflecting robust appetite from both commercial airlines maintaining aging fleets and governments replenishing defense inventories. RTX raised its full-year 2026 outlook, now guiding for adjusted sales of $95.00 to $96.00 billion, adjusted EPS of $7.10 to $7.25, and free cash flow of $8.50 to $8.75 billion.
Key Takeaways
- • 16 percent organic sales growth including double-digit commercial aftermarket and defense growth
- • Margin expansion across all three segments
- • Collins Aerospace commercial OE up 26%, commercial aftermarket up 10%, defense up 7% organically
- • Pratt & Whitney commercial aftermarket up 25%, military up 23%
- • Raytheon driven by higher volume on Patriot, Standard Missile, and AMRAAM programs
- • Backlog of $289 billion, up 22% year over year
- • Free cash flow of $2.9 billion versus negative free cash flow in prior year quarter
RTX Forward Guidance & Outlook
RTX raised its full year 2026 outlook: adjusted sales of $95.0 - $96.0 billion (up from $92.5 - $93.5 billion), organic sales growth of 8 to 9 percent (up from 5 to 6 percent), adjusted EPS of $7.10 - $7.25 (up from $6.70 - $6.90), and free cash flow of $8.50 - $8.75 billion (up from $8.25 - $8.75 billion). The company cited first half performance and robust backlog as drivers for the raised guidance.
RTX YoY Financials
Q2 2026 vs Q2 2025, source: SEC Filings
RTX Revenue by Segment
With YoY comparisons, source: SEC Filings
“RTX delivered very strong second quarter results with 16 percent organic sales growth, including double-digit commercial aftermarket and defense growth, margin expansion across all three segments, and $2.9 billion of free cash flow. Demand remains robust, and our backlog is up 22 percent year over year.”
— Chris Calio, Q2 2026 Earnings Press Release
RTX Earnings Trends
RTX vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
RTX EPS Trend
Earnings per share: estimate vs actual
RTX Revenue Trend
Quarterly revenue: estimate vs actual
RTX Quarterly Results
6 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q2 26 BEAT | $1.66 | $1.89 | +13.71% | $24.71B | +7.99% |
| Q1 26 BEAT | $1.52 | $1.78 | +16.94% | $22.08B | +2.86% |
| Q4 25 BEAT FY | $1.47 | $1.55 | +5.29% | $24.24B | +6.74% |
| FY Full Year | $6.19 | $6.29 | +1.63% | $88.60B | +1.85% |
| Q3 25 BEAT | $1.41 | $1.70 | +20.64% | $22.48B | +5.42% |
| Q2 25 BEAT | $1.43 | $1.56 | +9.14% | $21.58B | +4.60% |
| Q1 25 BEAT | $1.37 | $1.47 | +7.52% | $20.31B | +2.57% |