RTX (NYSE:RTX) Issues Earnings Results

RTX (NYSE:RTX) posted its quarterly earnings data on Thursday. The company reported $1.89 EPS for the quarter, beating the consensus estimate of $1.66 by $0.23, Zacks reports. RTX had a net margin of 8.03% and a return on equity of 13.50%. The firm had revenue of $24.71 billion during the quarter, compared to analyst estimates of $22.89 billion. During the same quarter last year, the business posted $1.56 EPS. The company’s revenue for the quarter was up 14.5% on a year-over-year basis. RTX updated its FY 2026 guidance to 7.100-7.250 EPS.

Here are the key takeaways from RTX’s conference call:

• RTX beat expectations and raised full-year guidance, with Q2 adjusted sales of $24.7 billion, adjusted EPS of $1.89, and free cash flow of $2.9 billion. The company now expects 2026 adjusted sales of $95 billion-$96 billion, EPS of $7.10-$7.25, and free cash flow of $8.5 billion-$8.75 billion.
• Backlog hit a record $289 billion, up 22% year over year, supported by nearly $20 billion of Raytheon bookings and a 2.4 book-to-bill in the quarter. Management highlighted strong international defense demand, including over $10 billion of Raytheon international awards in the first half.
• Commercial aerospace remained strong, led by aftermarket growth and improving engine operations. Pratt said PW1100G AOGs declined 25% year to date, MRO output rose over 40%, and Pratt expects a record number of GTF engine deliveries this year.
• Raytheon saw strong defense execution and margin expansion, with Q2 sales up 18% organically, operating profit up $234 million, and margins up 100 basis points. Management said productivity, favorable mix, and international demand are supporting further margin improvement.
• Management sees continued investment needs and a mixed second-half revenue cadence, including higher inventory buildup and ongoing supply-chain expansion to support future growth. RTX also said framework agreements with the U.S. government remain in progress and are not yet in backlog.

RTX Stock Performance

Shares of NYSE:RTX traded up $15.09 during trading on Thursday, hitting $209.97. 4,131,255 shares of the company were exchanged, compared to its average volume of 5,669,057. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.02 and a quick ratio of 0.78. RTX has a 52-week low of $150.61 and a 52-week high of $214.50. The company has a market cap of $282.76 billion, a PE ratio of 39.37, a P/E/G ratio of 2.65 and a beta of 0.30. The stock has a 50 day moving average of $185.57 and a 200 day moving average of $191.89.

RTX Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 3rd. Shareholders of record on Friday, August 14th will be given a dividend of $0.73 per share. The ex-dividend date is Friday, August 14th. This represents a $2.92 annualized dividend and a dividend yield of 1.4%. RTX’s dividend payout ratio is currently 54.78%.

Wall Street Analyst Weigh In

A number of analysts recently commented on RTX shares. UBS Group decreased their price target on RTX from $209.00 to $199.00 and set a “neutral” rating for the company in a research report on Wednesday, April 22nd. Wall Street Zen cut RTX from a “strong-buy” rating to a “buy” rating in a research note on Sunday, April 26th. Dbs Bank raised shares of RTX from a “hold” rating to a “moderate buy” rating in a report on Wednesday, June 10th. Weiss Ratings downgraded shares of RTX from a “buy (b)” rating to a “buy (b-)” rating in a report on Thursday, June 11th. Finally, Melius Research upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. One analyst has rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $211.38.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Wilkerson Advisory Group LLC bought a new position in shares of RTX in the fourth quarter valued at approximately $32,000. Wexford Capital LP purchased a new position in shares of RTX during the 3rd quarter valued at $33,000. Imprint Wealth LLC bought a new position in shares of RTX in the third quarter worth $35,000. Triumph Capital Management grew its position in RTX by 3,663.6% during the fourth quarter. Triumph Capital Management now owns 414 shares of the company’s stock worth $76,000 after buying an additional 403 shares in the last quarter. Finally, Mcguire Capital Advisors Inc. bought a new position in RTX in the 4th quarter worth about $87,000. Hedge funds and other institutional investors own 86.50% of the company’s stock.

Key Headlines Impacting RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX beat second-quarter estimates with adjusted EPS of $1.89 versus $1.66 expected and revenue of $24.71 billion versus $22.89 billion expected, driven by strong commercial aftermarket and defense demand. RTX Q2 Earnings Outpace Estimates, Revenues Increase Y/Y
• Positive Sentiment: The company raised 2026 guidance, now expecting adjusted EPS of $7.10 to $7.25 and sales of about $95.5 billion to $96.0 billion, both above prior targets and analyst expectations. RTX Reports Q2 2026 Results
• Positive Sentiment: Backlog rose to a record $289 billion, reinforcing confidence in future revenue from commercial aviation and defense programs. RTX raises 2026 guidance after double-digit sales growth drives Q2 results
• Positive Sentiment: Pratt & Whitney reported more than 800 GTF engine orders and commitments year to date, adding to a backlog of more than 8,000 engines and signaling durable demand. RTX’s Pratt & Whitney GTF™ engines surpass 800 orders and commitments in 2026, year to date
• Neutral Sentiment: RTX also highlighted progress in hybrid-electric aviation testing and new aerospace partnerships at Farnborough, which support the long-term innovation story but are less likely to move the stock immediately. RTX advances hybrid-electric aviation at The Grid

RTX Company Profile

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.