The strong beat and raised guidance across sales, EPS, and free cash flow confirm robust demand and operational execution. Traders should watch for continued momentum in commercial aftermarket and defense backlog conversion. The raised guidance provides a clear catalyst for upward earnings revisions and potential multiple expansion.
Price Chart
Executive Summary
RTX reported Q2 2026 adjusted EPS of $1.89, beating consensus of $1.66 by 13.9%, on sales of $24.7B (+14% YoY). The company raised its full-year 2026 guidance for adjusted sales, adjusted EPS, and free cash flow, citing double-digit organic growth across all three segments and a record backlog of $289B. This is a strong beat with raised guidance, a clear bullish signal for the stock.
Key Financial Metrics
Key Facts
- Q2 2026 adjusted EPS of $1.89 beat consensus of $1.66 by 13.9%
- Revenue of $24.7B was up 14% YoY and 16% organically, above consensus of $22.88B
- Raised full-year 2026 adjusted sales guidance to $95.0-$96.0B (from $92.5-$93.5B)
- Raised full-year 2026 adjusted EPS guidance to $7.10-$7.25 (from $6.70-$6.90)
- Raised full-year 2026 free cash flow guidance to $8.50-$8.75B (from $8.25-$8.75B)
- Company backlog reached $289B, up 22% YoY
- All three segments (Collins Aerospace, Pratt & Whitney, Raytheon) delivered double-digit organic sales growth
- Operating cash flow was $3.5B and free cash flow was $2.9B in Q2
Financial Impact
Q2 adjusted EPS beat consensus by $0.23 (13.9%); full-year adjusted EPS guidance raised by $0.35-$0.40 at the midpoint; free cash flow guidance raised by $0.25B at the midpoint
Risk Factors
- Execution risk on the $289B backlog conversion
- Potential supply chain disruptions or cost inflation
- Geopolitical risks affecting defense spending or international contracts
- Pratt & Whitney GTF powder metal issue could resurface
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302833172 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Sep 15, 2026 16d ago | Press Release | $196.83 $192.19 | ▼ −2.36% | ▼ −4.92% | $185.16 (−5.93%) |
Jul 31, 2026 9w ago | Press Release | $215.22 $223.03 | ▲ +3.63% | ▲ +0.12% | $185.16 (−13.97%) |
Jul 28, 2026 9w ago | Insider Cluster | $218.58 $216.65 | ▼ −0.88% | ▼ −3.15% | $185.16 (−15.29%) |
Jul 23, 2026 10w ago | 8-K | $209.16 $214.38 | ▲ +2.50% | ▲ +2.02% | $185.16 (−11.47%) |
Jul 23, 2026 10w ago | Press Release | $209.16 $214.38 | ▲ +2.50% | ▲ +2.02% | $185.16 (−11.47%) |
Jul 7, 2026 12w ago | GOVT-CONTRACT | $200.85 $193.39 | ▼ −3.71% | ▼ −4.27% | $185.16 (−7.81%) |
Jun 29, 2026 13w ago | Court Ruling | $187.33 $201.37 | ▲ +7.49% | ▲ +6.11% | $185.16 (−1.16%) |
Apr 21, 2026 23w ago | 8-K | $186.72 $175.68 | ▼ −5.91% | ▼ −6.99% | $185.16 (−0.83%) |
Mar 9, 2026 29w ago | DEFA14A | $206.97 $203.27 | ▼ −1.79% | ▼ −0.88% | $185.16 (−10.54%) |
Mar 5, 2026 30w ago | 8-K | $209.72 $204.41 | ▼ −2.53% | ▼ −1.00% | $185.16 (−11.71%) |
US Market Status
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