RTX Reports Q2 2026 Results

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RTX reports second quarter 2026 results.

Second quarter 2026

• Sales of $24.7 billion, up 14 percent versus prior year, and up 16 percent organically*
• GAAP EPS of $1.57, including $0.27 of acquisition accounting adjustments and $0.05 of restructuring and other net significant and/or non-recurring items
• Adjusted EPS* of $1.89, up 21 percent versus prior year
• Operating cash flow of $3.5 billion; free cash flow* of $2.9 billion
• Company backlog of $289 billion, including $170 billion of commercial and $119 billion of defense
• Reached an agreement to sell Raytheon's Blue Canyon Technologies business for $620 million

Updates outlook for full year 2026

• Adjusted sales* of $95.0 - $96.0 billion, up from $92.5 - $93.5 billion
• Organic sales growth* of 8 to 9 percent, up from 5 to 6 percent
• Adjusted EPS* of $7.10 - $7.25, up from $6.70 - $6.90
• Free cash flow* of $8.50 - $8.75 billion, up from $8.25 - $8.75 billion

"RTX delivered very strong second quarter results with 16 percent organic sales growth,* including double-digit commercial aftermarket and defense growth, margin expansion across all three segments, and $2.9 billion of free cash flow. Demand remains robust, and our backlog is up 22 percent year over year," said RTX Chairman and CEO Chris Calio.

"Given our first half performance and current backlog, we are raising our full year outlook for adjusted sales,* adjusted EPS,* and free cash flow.* RTX is exceptionally well positioned to drive continued growth as we execute on our backlog, increase productivity, expand capacity, and introduce new technologies to our customers."

Second quarter 2026

RTX second quarter reported and adjusted sales* were $24.7 billion, up 14 percent over the prior year and 16 percent organically.* GAAP EPS of $1.57 included $0.27 of acquisition accounting adjustments and $0.05 of restructuring and other net significant and/or non-recurring items. Adjusted EPS* of $1.89 was up 21 percent versus the prior year.

The company reported net income attributable to common shareowners in the second quarter of $2.1 billion which included $0.4 billion of acquisition accounting adjustments and $0.1 billion of restructuring and other net significant and/or non-recurring items. Adjusted net income* of $2.6 billion was up 22 percent versus the prior year driven by adjusted segment operating profit growth* across all three segments. Operating cash flow in the second quarter was $3.5 billion and capital expenditures were $0.7 billion, resulting in free cash flow* of $2.9 billion.