Companies /Industrials

RTX Corp

NYSE: RTX Aerospace & Defense
$200.79
▼ $1.34 (−0.66%) today
Markets closed · 5:29am ET

Q1 2026 Earnings

Reported Apr 21, 2026, 7:08am ET · SEC source
$1.78
Beat +16.94%
EPS · est. $1.52
$22.1B
Beat +2.86%
Revenue · est. $21.5B
−11.5%
Trailing market
RTX vs S&P since report
6 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
−8%−4%0Apr 21Apr 22report 7:08am ETearnings−0.2%−10.0%
−8%−4%0Apr 21Apr 22earnings−0.2%−10.0%
RTX −10.0%S&P 500 −0.2%
−8%−4%0Apr 21Apr 22report 7:08am ETearnings+0.6%−10.0%
−8%−4%0Apr 21Apr 22earnings+0.6%−10.0%
RTX −10.0%NASDAQ +0.6%
−10%−5%0Apr 20Apr 29report 7:08am ETearnings−0.0%−11.1%
−10%−5%0Apr 20Apr 29earnings−0.0%−11.1%
RTX −11.1%S&P 500 −0.0%
−10%−5%0Apr 20Apr 29report 7:08am ETearnings+1.4%−11.1%
−10%−5%0Apr 20Apr 29earnings+1.4%−11.1%
RTX −11.1%NASDAQ +1.4%
−4.40%
Day of report
−3.34%
Next session
−6.14%
One week
−5.98%
30 days

S&P 500 over the same 30 days: +5.49%.

Did RTX Beat Earnings? Q1 2026 Results

RTX Corp delivered a standout first quarter in 2026, beating Wall Street on both the top and bottom lines to extend its EPS beat streak to four consecutive quarters. The aerospace and defense giant posted adjusted EPS of $1.78, well ahead of the $1.52 consensus estimate by 16.94%, while revenue of $22.08 billion topped expectations by 2.86% and grew 8.7% year over year. The single most compelling driver behind the outperformance was Raytheon, where adjusted operating profit surged 25% on strong demand for Patriot missile systems and naval munitions programs, reflecting the kind of <a href="https://247wallst.com/investing/2026/04/05/iran-wars-fuels-rtx-growth-story-as-defense-demand-rockets-higher/">elevated defense demand</a> reshaping RTX's earnings mix. Pratt & Whitney also contributed meaningfully, with commercial aftermarket revenue climbing 19%. Free cash flow of $1.31 billion improved 65% year over year, and the company's backlog reached $271 billion. Management responded to the quarter's strength by raising full-year adjusted EPS guidance to $6.70 to $6.90 and lifting adjusted sales guidance to $92.5 to $93.5 billion.

Key Takeaways
  • Organic sales and adjusted operating profit growth across all three segments
  • Collins Aerospace commercial OE sales up 15% driven by narrowbody and widebody platform volume
  • Pratt & Whitney commercial aftermarket up 19% on higher volume
  • Pratt & Whitney military sales up 7% driven by higher F135 production volume
  • Raytheon driven by higher volume on land and air defense systems including Patriot and GEM-T
  • Raytheon higher volume on naval munitions programs
  • Lower interest expense and tax expense contributing to adjusted net income growth
  • Favorable accounts receivable collections boosting operating cash flow

“RTX delivered a very strong start to 2026 with organic sales and adjusted operating profit growth across all three segments, driven by our continued focus on execution and delivering our backlog.”

RTX CEO, on the earnings call

Forward Guidance & Outlook

RTX raised its full-year 2026 outlook following Q1 results. Adjusted sales are now expected at $92.5–$93.5 billion (up from $92.0–$93.0 billion), with organic sales growth of 5–6%. Adjusted EPS is now expected at $6.70–$6.90 (up from $6.60–$6.80). Free cash flow guidance of $8.25–$8.75 billion was confirmed. The raised guidance reflects Q1 performance strength and momentum in the defense business.

RTX YoY Financials

Q1 2026 vs Q1 2025 · SEC filings Q1 2025 Q1 2026
$0$7.0B$14.0B$21.0B$20.3B$22.1BRevenue$4.1B$4.6BGross Profit$2.0B$2.6BOperating Income$1.5B$2.1BNet Income
$0$7.0B$14.0B$21.0BRevenueGross ProfitOperating IncomeNet Income

RTX Revenue by Segment

Pratt & Whitney$8.2B+11.0%
Raytheon$6.9B+10.0%
Collins Aerospace$7.6B+5.0%

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