RTX Corp
Q2 2025 Earnings
Market Reaction
S&P 500 over the same 30 days: +1.06%.
Did RTX Beat Earnings? Q2 2025 Results
RTX posted a strong second quarter in 2025, with adjusted earnings of $1.56 per share beating the $1.43 consensus estimate by 9.14% and revenue of $21.58 billion topping expectations by 4.60% on 9.4% year-over-year growth — a result driven in large part by surging commercial aftermarket demand, which grew 16% across the enterprise and helped push the company's backlog to a record $236 billion, up 15% from the prior year. All three segments — Collins Aerospace, Pratt & Whitney, and Raytheon — delivered organic sales and profit growth, even as Pratt & Whitney absorbed roughly $100 million in charges tied to a customer bankruptcy and a four-week work stoppage that weighed on free cash flow. Looking ahead, RTX raised its full-year adjusted sales guidance to $84.75–$85.50 billion with organic growth now forecast at 6–7%, though adjusted EPS guidance was trimmed to $5.80–$5.95, reflecting tariff headwinds and recently enacted tax legislation that analysts had flagged as an emerging concern heading into the print.
- 16% commercial aftermarket growth across the enterprise
- Strong commercial air traffic growth driving aftermarket demand
- Higher volume on international Patriot and NASAMS defense programs
- Favorable commercial OE mix at Pratt & Whitney Large Commercial Engines
- Higher defense volume at Collins across multiple programs including F-35
- Book-to-bill of 1.86 demonstrating robust demand
- Backlog grew to $236 billion, up 15% year-over-year
“We continued our momentum in the second quarter with organic sales and profit growth across all three segments, including 16 percent commercial aftermarket growth. Our backlog grew to $236 billion, up 15 percent versus prior year, and we secured major awards for our geared turbofan engines and integrated air and missile defense capabilities in the quarter.”
RTX CEO, on the earnings call
Forward Guidance & Outlook
RTX raised its full-year 2025 adjusted sales guidance to $84.75–$85.5 billion (up from $83.0–$84.0 billion) with organic sales growth of 6–7% (up from 4–6%). However, adjusted EPS guidance was lowered to $5.80–$5.95 (down from $6.00–$6.15), reflecting the expected impact of tariffs and recently enacted tax legislation changes. Free cash flow guidance of $7.0–$7.5 billion was confirmed. The updated outlook reflects strong first-half operational performance while incorporating the company's current assessment of tariff impacts across all three segments.
RTX YoY Financials
RTX Revenue by Segment
Figures from SEC filings and company reports. Not investment advice.