RTX (RTX) Earnings Date & Reports
RTX is an aerospace and defense manufacturer formed from the merger of United Technologies and Raytheon, with roughly equal exposure across three segments, mostly as a supplier to commercial aerospace and to the defense market: Collins Aerospace, a diversified aerospace supplier; Pratt & Whitney, a commercial and military aircraft engine manufacturer; and Raytheon, a defense prime contractor providing a mix of missiles, missile defense systems, sensors, hardware, and communications technology to the military... Show more
RTX is expected to report earnings to fall 7.30% to $1.65 per share on July 28
RTX Corporation (RTX) Q1 2026 Earnings Recap: Beats Estimates and Raises Guidance
Key Takeaways
- RTX reported Q1 2026 sales of $22.1 billion, up 9% year-over-year (YoY) and 10% organically, exceeding consensus estimates of approximately $21.5 billion.
- Adjusted earnings per share (EPS) reached $1.78, up 21% YoY and beating expectations of $1.52 by 17%.
- All three segments—Collins Aerospace, Pratt & Whitney, and Raytheon—delivered sales and adjusted operating profit growth.
- Company raised full-year 2026 adjusted sales guidance to $92.5–$93.5 billion and adjusted EPS to $6.70–$6.90.
- Free cash flow improved to $1.3 billion; backlog expanded to $271 billion.
- Organic sales growth across segments highlights execution amid commercial aerospace recovery and defense demand.
Earnings Context and Why It Matters
As a leader in aerospace and defense, RTX Corporation's quarterly results are closely watched for signals on commercial aviation recovery, military spending trends, and supply chain resilience. Q1 2026 earnings, released on April 21, come amid sustained demand for aftermarket services and defense systems, following strong 2025 performance. Investors focus on segment margins, backlog conversion, and guidance updates, as these reflect RTX's ability to navigate geopolitical tensions, production ramps, and economic pressures. Strong results reinforce RTX's position in high-growth areas like hypersonics and commercial engines, influencing sector peers and broader market sentiment.
RTX posted consolidated sales of $22.1 billion for the first quarter ended March 31, 2026, surpassing analyst expectations of around $21.5 billion. This represented 9% reported growth and 10% organic growth YoY. Adjusted EPS came in at $1.78, well above the $1.52 consensus, driven by higher volumes and improved margins; GAAP EPS was $1.51.
Segment highlights included Collins Aerospace with $7.6 billion in sales (up 5% YoY) and 17.1% adjusted return on sales (ROS); Pratt & Whitney at $8.2 billion (up 11%), 8.7% ROS; and Raytheon at $6.9 billion (up 10%), 12.2% ROS. All exceeded internal and market expectations on sales and profits. Free cash flow rose to $1.3 billion, while backlog hit $271 billion (commercial $162 billion, defense $109 billion). RTX also lifted its 2026 outlook, signaling confidence in sustained demand.
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Market Reaction and Investor Sentiment
RTX shares dipped about 7% in pre-market trading following the April 21 release, despite the earnings beat and guidance raise, amid concerns over potential tariffs impacting costs. Sentiment remains mixed, with analysts praising segment strength and backlog but noting supply chain risks in commercial aftermarket. The stock has since stabilized, reflecting optimism on defense growth offsetting near-term pressures.
Forward Outlook and Key Factors to Monitor
RTX's raised 2026 guidance points to mid-single-digit organic sales growth and EPS expansion, supported by a robust $271 billion backlog. Investors should track backlog conversion rates, particularly in defense where volumes in land, air, and naval systems drove Q1 gains.
In commercial aerospace, monitor aftermarket demand at Collins and Pratt & Whitney, as 19% growth there underscores recovery but hinges on airline traffic and engine shop visits. Capacity investments to boost output will be key amid supply constraints.
Broader dynamics include U.S. defense budget appropriations, geopolitical demand for munitions, and margin trends amid inflation. Free cash flow trajectory toward $8.25–$8.75 billion remains critical for shareholder returns. Upcoming catalysts: Q2 results in July and sector conferences.
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General Information
a company, which engages in the provision of aerospace and defense systems and services for commercial, military, and government customers
Industry AerospaceDefense