RTX Q3: Sales $25.0B, EPS $1.89, Backlog Jumps to $340B on Munitions Awards
RTX sits 21% above its 52-week low of $159.445 on elevated volume (2.1× avg).
Summary
RTX's Q3 10-Q confirms 11% sales growth to $25.0B and $1.89 diluted EPS, with backlog surging to $340B on large munitions awards. A $0.4B Pratt customer-bankruptcy charge and $0.4B of tariff refunds both shaped the quarter.
Key Events · Earnings and Guidance · RTX
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Q3 Sales Up 11%, Margin Expands
Net sales $24,965M vs $22,478M; operating profit $3,337M at a 13.4% margin versus 11.2% a year ago. Diluted EPS $1.89 vs $1.41.
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Backlog Jumps to $340B
Total backlog rose from $268B at year-end; defense backlog $164B vs $107B, driven by Tomahawk (~$23B), AMRAAM (~$14.3B), SM-6 (up to $24.4B) and SM-3 IB (up to $6.3B) awards. Q3 defense bookings ~$59B vs $23B.
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Pratt Bankruptcy Charge Hits EPS
A ~$0.4B charge at Pratt & Whitney tied to a customer bankruptcy cut diluted EPS by about $0.20; segment margin fell to 6.6% from 8.9%.
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Tariff Refunds Lift Results
$0.4B of IEEPA tariff refunds were recognized (~$0.3B received), adding roughly $0.25 to diluted EPS — a one-time item.
Analysis · RTX · Manufacturing
The full 10-Q backs up this morning's headline beat with the detail that matters: sales rose 11% to $25.0B and operating margin expanded to 13.4% from 11.2%, but the bigger story is the order book. Total backlog climbed to $340B from $268B at year-end, with defense backlog up to $164B from $107B after the Tomahawk, AMRAAM, SM-6 and SM-3 undefinitized awards. That is years of visibility on the Raytheon side. Two items cut the other way: a ~$0.4B Pratt & Whitney charge for a customer bankruptcy cost about $0.20 of EPS, and $0.4B of one-time tariff refunds added about $0.25 — so the quarter's quality is mixed. Cash generation was strong at $8.3B for nine months versus $6.4B, and the balance sheet is comfortable at 35% debt-to-capital.
How filings like this one have moved
In the 30 days to Oct 20, 2026, 37.4% of the 952 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.87%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, RTX was trading at $192.86 on NYSE in the Manufacturing sector, with a market capitalization of approximately $260.6B. The 52-week trading range was $159.45 to $226.88. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.