RTX Lifts 2026 Revenue Guide to $95–96B, Backlog Hits Record $289B
RTX sits 41% above its 52-week low of $150.613.
Summary
RTX raised its 2026 revenue guidance to $95–96 billion, adding specificity to the outlook boost reported two days ago. The company disclosed a record $289 billion backlog, up 22% year-over-year, split between $170 billion commercial and $119 billion defense, with $43 billion in new bookings. This follows the July 23 Q2 beat and guidance raise that sent shares higher. Susquehanna lifted its price target to $245 from $235, reflecting the strengthened outlook. The backlog and bookings figures underscore sustained demand across both segments, supporting the raised forecast.
At the time of this announcement, RTX was trading at $212.93 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $286.6B. The 52-week trading range was $150.61 to $214.89. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Wiseek News.