RTX 8-K

PositiveEarningsGuidance raised

Commercial aftermarket and defense volume fuel Pratt & Whitney and Raytheon growth; FY2026 outlook raised

Filed 2026-07-23 06:51 ET

Summary

Q2 2026 results with raised FY2026 outlook. Sales rose 14% and adjusted EPS 21% Y/Y, supported by growth across commercial aftermarket and defense and higher sales in all three segments. Backlog was $289B, up 22% Y/Y.

Key Figures

Metric Q2 2026 Q2 2025 Y/Y
Sales $24.7B $21.6B 14%
Operating profit, GAAP $2.81B $2.15B 31%
Operating profit, non-GAAP adjusted $3.36B $2.79B 20%
Net income attributable to common shareowners $2.14B $1.66B 29%
Adjusted net income attributable to common shareowners, non-GAAP $2.58B $2.12B 22%
Diluted EPS, GAAP $1.57 $1.22 29%
Adjusted diluted EPS, non-GAAP $1.89 $1.56 21%
Operating cash flow $3.55B $458M 674%
Free cash flow, non-GAAP $2.88B $(72)M n/m
  • Organic sales grew 16%. Segment sales rose 8% at Collins Aerospace, 16% at Pratt & Whitney, and 18% at Raytheon; higher commercial aftermarket and defense volume contributed to growth. The company reported margin expansion across all three segments.
  • Backlog was $289B: $170B commercial and $119B defense. RTX agreed to sell Raytheon’s Blue Canyon Technologies business for $620M.
  • Cash and cash equivalents were $8.31B at 6/30/2026, up from $7.44B at 12/31/2025; total debt was $37.4B, down from $37.9B.

Guidance

Metric Period Guidance Prior Direction
Adjusted sales, non-GAAP FY2026 $95.0B-$96.0B $92.5B-$93.5B Raised
Organic sales growth, non-GAAP FY2026 8%-9% 5%-6% Raised
Adjusted EPS, non-GAAP FY2026 $7.10-$7.25 $6.70-$6.90 Raised
Free cash flow, non-GAAP FY2026 $8.50B-$8.75B $8.25B-$8.75B Raised

Investor Takeaways

  • Track subsequent quarterly results against the raised FY2026 ranges; continued backlog execution and sales growth would support the outlook.
  • Watch for completion of the agreed Blue Canyon Technologies sale.

The summary is written by an AI model reading the filing.

Model 005 · prompt 01d34d48e3

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