The raised guidance and MV-75 funding approval remove a key overhang. Watch for further MV-75 contract modifications and the pace of Textron Aviation jet deliveries in Q4, which will determine if the upper end of guidance is achievable.
Price Chart
Executive Summary
Textron Q3 2026 adjusted EPS of $1.76 beat the $1.44 consensus by 22.2%, and revenue of $3.75B was in line with the $3.77B estimate. The company raised its full-year adjusted EPS guidance to $6.55-$6.65 (from $6.40-$6.60) and cash flow guidance to $800M-$900M (from $700M-$800M), supported by Congressional approval of MV-75 Cheyenne funding. Textron Aviation revenue grew 14% YoY on higher jet deliveries, while Bell revenue declined 9% on lower military volume.
Key Financial Metrics
Key Facts
- Q3 2026 adjusted EPS of $1.76, up from $1.55 YoY, versus consensus of $1.44
- Q3 2026 revenue of $3.75B, up 4% YoY, versus consensus of $3.77B
- Full-year 2026 adjusted EPS guidance raised to $6.55-$6.65 from $6.40-$6.60
- Full-year 2026 manufacturing cash flow guidance raised to $800M-$900M from $700M-$800M
- U.S. Army received Congressional approval for MV-75 Cheyenne Above Threshold Reprogramming funding
- Textron Aviation revenue up 14% YoY to $1.68B on 51 jet deliveries (vs 42 last year)
- Bell revenue down 9% YoY to $933M on lower military volume
- Manufacturing cash flow before pension contributions of $418M, up from $281M YoY
- Returned $239M to shareholders via share repurchases in the quarter
Financial Impact
Adjusted EPS beat consensus by $0.32 (22.2%); guidance raised by $0.15-$0.05 at the midpoint; cash flow guidance raised by $100M at the midpoint
Segment Breakdown
| Segment | Revenue | Growth |
|---|---|---|
| Textron Aviation | $1.7B | +13.6% |
| Bell | $933.0M | -9.1% |
| Textron Systems | $360.0M | +16.1% |
| Industrial | $765.0M | +0.5% |
| Finance | $13.0M | -50.0% |
Risk Factors
- Bell segment revenue declined 9% YoY due to lower military volume on MV-75 program
- Industrial segment revenue only grew 1% with Kautex revenue down 5%
- Full-year guidance assumes receipt of additional MV-75 funding; any delay could impact results
- Manufacturing cash flow before pension contributions for 9M 2026 is $344M vs $459M in prior year period
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0000217346-26-000043 |
| Document: txt-20261029.htm | 0000217346-26-000043 |
| Document: 0000217346-26-000043-index-headers.html | 0000217346-26-000043 |
| Document: 0000217346-26-000043-index.html | 0000217346-26-000043 |
| Document: 0000217346-26-000043.txt | 0000217346-26-000043 |
| 8-K Data (Synthetic) | 0000217346-26-000043 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 30, 2026 1d ago | GOVT-CONTRACT | $85.28 | awaiting T+1 | awaiting T+1 | $85.70 (+0.49%) |
Oct 29, 2026 1d ago | 8-K | $87.46 $85.70 | ▼ −2.01% | ▼ −0.24% | $85.70 (−2.01%) |
Oct 20, 2026 10d ago | Institutional Cluster | $77.28 $78.04 | ▼ −0.98% | ▼ −2.16% | $85.70 (−10.90%) |
Jul 28, 2026 13w ago | 8-K | $89.96 $85.65 | ▼ −4.79% | ▼ −3.25% | $85.70 (−4.74%) |
Jul 22, 2026 14w ago | GOVT-CONTRACT | $93.19 $95.53 | ▲ +2.51% | ▲ +2.41% | $85.70 (−8.04%) |
Jul 9, 2026 16w ago | GOVT-CONTRACT | $90.91 $89.42 | ▼ −1.64% | ▼ −0.87% | $85.70 (−5.73%) |
Jun 3, 2026 21w ago | Court Ruling | $91.09 $91.08 | ▼ −0.01% | ▲ +2.57% | $85.70 (−5.92%) |
May 21, 2026 23w ago | GOVT-CONTRACT | $91.79 $92.64 | ▲ +0.93% | ▲ +0.26% | $85.70 (−6.63%) |
May 18, 2026 23w ago | Court Ruling | $88.18 $89.52 | ▲ +1.52% | ▲ +0.49% | $85.70 (−2.81%) |
May 18, 2026 23w ago | Court Ruling | $88.18 $89.52 | ▲ +1.52% | ▲ +0.49% | $85.70 (−2.81%) |
US Market Status
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