Companies /Industrials

RTX Corp

NYSE: RTX Aerospace & Defense

Q2 2026 Earnings

Reported Jul 23, 2026, 6:51am ET · SEC source
$1.89
Beat +13.86%
EPS · est. $1.66
$24.7B
Beat +7.99%
Revenue · est. $22.9B
−3.4%
Trailing market
RTX vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−6%−3%0+3%Jul 23Jul 24report 6:51am ETearnings−0.6%+3.4%
−6%−3%0+3%Jul 23Jul 24earnings−0.6%+3.4%
RTX +3.4%S&P 500 −0.6%
−6%−3%0+3%Jul 23Jul 24report 6:51am ETearnings−2.1%+3.4%
−6%−3%0+3%Jul 23Jul 24earnings−2.1%+3.4%
RTX +3.4%NASDAQ −2.1%
−4%0+4%+8%Jul 22Jul 31report 6:51am ETearnings−0.1%+4.4%
−4%0+4%+8%Jul 22Jul 31earnings−0.1%+4.4%
RTX +4.4%S&P 500 −0.1%
−4%0+4%+8%Jul 22Jul 31report 6:51am ETearnings−1.8%+4.4%
−4%0+4%+8%Jul 22Jul 31earnings−1.8%+4.4%
RTX +4.4%NASDAQ −1.8%
+7.33%
Day of report
+1.74%
Next session
+2.50%
One week
+0.03%
30 days

S&P 500 over the same 30 days: +3.43%.

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 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 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

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 · SEC filings Q2 2025 Q2 2026
$0$7.0B$14.0B$21.0B$21.6B$24.7BRevenue$4.4B$5.1BGross Profit$2.1B$2.8BOperating Income$1.7B$2.1BNet Income
$0$7.0B$14.0B$21.0BRevenueGross ProfitOperating IncomeNet Income

RTX Revenue by Segment

Pratt & Whitney$8.9B+16.0%
Raytheon$8.3B+18.0%
Collins Aerospace$8.2B+8.0%

Figures from SEC filings and company reports. Not investment advice.