RTX raised guidance for the second consecutive quarter, signaling strong operational momentum and robust demand across commercial aerospace and defense. The $340B record backlog provides multi-year revenue visibility. Watch for continued margin expansion at Collins Aerospace and resolution of Pratt Whitney's customer bankruptcy charge.
Price Chart
Executive Summary
RTX reported Q3 2026 results with strong double-digit sales and earnings growth, and raised its full-year 2026 guidance for adjusted sales, adjusted EPS, and free cash flow for the second consecutive quarter. The company posted record backlog of $340 billion and benefited from IEEPA cost recovery, though operating cash flow declined YoY due to prior-year timing.
Key Financial Metrics
Key Facts
- Q3 2026 sales of $24.965B, up 11% YoY (12% organic)
- GAAP EPS of $1.89; Adjusted EPS of $2.26, up 33% YoY
- Raised FY2026 adjusted sales guidance to $97.0-$97.5B (from $95.0-$96.0B)
- Raised FY2026 adjusted EPS guidance to $7.65-$7.75 (from $7.10-$7.25)
- Raised FY2026 free cash flow guidance to $9.0-$9.2B (from $8.50-$8.75B)
- Record backlog of $340B, up from $289B at Q2 2026
- Operating cash flow of $2.868B vs $4.639B in Q3 2025 (down 38%)
- Free cash flow of $2.119B vs $4.025B in Q3 2025 (down 47%)
- Pratt Whitney reported operating profit down 19% YoY due to $363M customer bankruptcy charge
- Collins Aerospace adjusted operating profit up 50% YoY, including ~$250M IEEPA recovery
Financial Impact
Adjusted EPS of $2.26 vs consensus of $1.84 (beat by ~22.8%); Revenue of $24.965B vs consensus of $25.81B (miss by ~3.3%)
Risk Factors
- Pratt Whitney customer bankruptcy charge of $363M in Q3 2026
- Operating cash flow declined 38% YoY due to prior-year timing benefits
- Revenue missed consensus estimates by ~3.3%
- Pratt Whitney commercial OE sales declined 5% YoY due to large engine mix
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000101829-26-000030 |
| Document: 0000101829-26-000030-index-headers.html | 0000101829-26-000030 |
| Document: 0000101829-26-000030-index.html | 0000101829-26-000030 |
| Document: 0000101829-26-000030.txt | 0000101829-26-000030 |
| 8-K Data (Synthetic) | 0000101829-26-000030 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | GOVT-CONTRACT | $191.01 | awaiting T+5 | — | $197.48 (+3.39%) |
Oct 21, 2026 5d ago | GOVT-CONTRACT | $194.71 | awaiting T+5 | — | $197.48 (+1.42%) |
Oct 20, 2026 6d ago | 8-K | $193.34 | awaiting T+5 | — | $197.48 (+2.14%) |
Oct 20, 2026 6d ago | Press Release | $193.34 | awaiting T+5 | — | $197.48 (+2.14%) |
Oct 16, 2026 9d ago | Institutional Cluster | $192.11 $197.48 | ▲ +2.80% | ▲ +2.94% | $197.48 (+2.80%) |
Oct 13, 2026 13d ago | GOVT-CONTRACT | $186.47 $191.60 | ▲ +2.75% | ▲ +2.30% | $197.48 (+5.90%) |
Oct 12, 2026 14d ago | Press Release | $186.66 $192.11 | ▲ +2.92% | ▲ +4.41% | $197.48 (+5.80%) |
Oct 1, 2026 24d ago | Press Release | $184.68 $185.97 | ▲ +0.70% | ▼ −0.46% | $197.48 (+6.93%) |
Sep 28, 2026 28d ago | Press Release | $186.94 $183.29 | ▼ −1.95% | ▼ −3.90% | $197.48 (+5.64%) |
Sep 28, 2026 28d ago | Court Ruling | $186.94 $183.29 | ▼ −1.95% | ▼ −3.90% | $197.48 (+5.64%) |
US Market Status
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