Q2 25 EPS
$1.56
BEAT +9.14%
Est. $1.43
Q2 25 Revenue
$21.58B
BEAT +4.60%
Est. $20.63B
vs S&P Since Q2 25
+3.3%
BEATING MARKET
RTX +17.9% vs S&P +14.6%
Market Reaction
Did RTX Beat Earnings? Q2 2025 Results
RTX posted a strong second quarter in 2025, with adjusted earnings of $1.56 per share beating the $1.43 consensus estimate by 9.14% and revenue of $21.58 billion topping expectations by 4.60% on 9.4% year-over-year growth, a result driven in large pa… Read more RTX posted a strong second quarter in 2025, with adjusted earnings of $1.56 per share beating the $1.43 consensus estimate by 9.14% and revenue of $21.58 billion topping expectations by 4.60% on 9.4% year-over-year growth, a result driven in large part by surging commercial aftermarket demand, which grew 16% across the enterprise and helped push the company's backlog to a record $236 billion, up 15% from the prior year. All three segments, Collins Aerospace, Pratt & Whitney, and Raytheon, delivered organic sales and profit growth, even as Pratt & Whitney absorbed roughly $100 million in charges tied to a customer bankruptcy and a four-week work stoppage that weighed on free cash flow. Looking ahead, RTX raised its full-year adjusted sales guidance to $84.75–$85.50 billion with organic growth now forecast at 6–7%, though adjusted EPS guidance was trimmed to $5.80–$5.95, reflecting tariff headwinds and recently enacted tax legislation that analysts had flagged as an emerging concern heading into the print.
Key Takeaways
- • 16% commercial aftermarket growth across the enterprise
- • Strong commercial air traffic growth driving aftermarket demand
- • Higher volume on international Patriot and NASAMS defense programs
- • Favorable commercial OE mix at Pratt & Whitney Large Commercial Engines
- • Higher defense volume at Collins across multiple programs including F-35
- • Book-to-bill of 1.86 demonstrating robust demand
- • Backlog grew to $236 billion, up 15% year-over-year
RTX YoY Financials
Q2 2025 vs Q2 2024, source: SEC Filings
RTX Revenue by Segment
With YoY comparisons, source: SEC Filings
“We continued our momentum in the second quarter with organic sales and profit growth across all three segments, including 16 percent commercial aftermarket growth. Our backlog grew to $236 billion, up 15 percent versus prior year, and we secured major awards for our geared turbofan engines and integrated air and missile defense capabilities in the quarter.”
— Chris Calio, Q2 2025 Earnings Press Release
RTX Earnings Trends
RTX vs Market 30 Day Price Reactions
30-day stock return vs benchmark after each earnings
RTX EPS Trend
Earnings per share: estimate vs actual
RTX Revenue Trend
Quarterly revenue: estimate vs actual
RTX Quarterly Results
5 quarters of earnings data
| Quarter | EPS Est. | EPS Act. | Surprise | Revenue | Rev. Surprise |
|---|---|---|---|---|---|
| Q1 26 | — | $1.78 | — | $22.08B | +2.86% |
| Q4 25 BEAT FY | $1.47 | $1.55 | +5.44% | $24.24B | — |
| FY Full Year | $6.19 | $6.29 | +1.63% | $88.60B | +1.85% |
| Q3 25 BEAT | $1.41 | $1.70 | +20.64% | $22.48B | +5.42% |
| Q2 25 BEAT | $1.43 | $1.56 | +9.14% | $21.58B | +4.60% |
| Q1 25 BEAT | $1.37 | $1.47 | +7.52% | $20.31B | +2.57% |