Q1 26 EPS
$1.78
Q1 26 Revenue
$22.08B
BEAT +2.86%
Est. $21.46B
vs S&P Since Q1 26
-13.6%
TRAILING MARKET
RTX -11.3% vs S&P +2.4%
Market Reaction
Did RTX Beat Earnings? Q1 2026 Results
RTX Corp delivered a standout first quarter in 2026, beating Wall Street on both the top and bottom lines to extend its EPS beat streak to four consecutive quarters. The aerospace and defense giant posted adjusted EPS of $1.78, well ahead of the $1.5… Read more RTX Corp delivered a standout first quarter in 2026, beating Wall Street on both the top and bottom lines to extend its EPS beat streak to four consecutive quarters. The aerospace and defense giant posted adjusted EPS of $1.78, well ahead of the $1.52 consensus estimate by 16.94%, while revenue of $22.08 billion topped expectations by 2.86% and grew 8.7% year over year. The single most compelling driver behind the outperformance was Raytheon, where adjusted operating profit surged 25% on strong demand for Patriot missile systems and naval munitions programs, reflecting the kind of elevated defense demand reshaping RTX's earnings mix. Pratt & Whitney also contributed meaningfully, with commercial aftermarket revenue climbing 19%. Free cash flow of $1.31 billion improved 65% year over year, and the company's backlog reached $271 billion. Management responded to the quarter's strength by raising full-year adjusted EPS guidance to $6.70 to $6.90 and lifting adjusted sales guidance to $92.5 to $93.5 billion.
Key Takeaways
- • Organic sales and adjusted operating profit growth across all three segments
- • Collins Aerospace commercial OE sales up 15% driven by narrowbody and widebody platform volume
- • Pratt & Whitney commercial aftermarket up 19% on higher volume
- • Pratt & Whitney military sales up 7% driven by higher F135 production volume
- • Raytheon driven by higher volume on land and air defense systems including Patriot and GEM-T
- • Raytheon higher volume on naval munitions programs
- • Lower interest expense and tax expense contributing to adjusted net income growth
- • Favorable accounts receivable collections boosting operating cash flow
RTX Forward Guidance & Outlook
RTX raised its full-year 2026 outlook following Q1 results. Adjusted sales are now expected at $92.5–$93.5 billion (up from $92.0–$93.0 billion), with organic sales growth of 5–6%. Adjusted EPS is now expected at $6.70–$6.90 (up from $6.60–$6.80). Free cash flow guidance of $8.25–$8.75 billion was confirmed. The raised guidance reflects Q1 performance strength and momentum in the defense business.
RTX YoY Financials
Q1 2026 vs Q1 2025, source: SEC Filings
RTX Revenue by Segment
With YoY comparisons, source: SEC Filings
“RTX delivered a very strong start to 2026 with organic sales and adjusted operating profit growth across all three segments, driven by our continued focus on execution and delivering our backlog.”
— Chris Calio, Q1 2026 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% |