RTX (RTX) Q2 2026 Earnings
How Did RTX Stock React to Q2 2026 Earnings?
S&P 500 over the same 30 days: +3.43%.
Did RTX Beat Earnings? Q2 2026 Results
Yes. RTX reported Q2 2026 earnings of $1.89 a share on Jul 23, 2026, beating the $1.66 consensus estimate by 13.7%. Revenue was $24.7B against a $22.9B estimate.
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.
- 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 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.”
RTX CEO, on the earnings call
What Is RTX's 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
| Metric | Q2 2026 | Q2 2025 | Year over year |
|---|---|---|---|
| Revenue | $24.7B | $21.6B | +14.5% |
| Gross Profit | $5.1B | $4.4B | +17.3% |
| Operating Income | $2.8B | $2.1B | +33.5% |
| Net Income | $2.1B | $1.7B | +29.1% |
RTX Revenue by Segment
When Does RTX Report Next?
Figures from SEC filings and company reports. Not investment advice.