RTX Q3 Sales Up 11% to $25.0B; Raises 2026 EPS and Cash Flow Outlook Again
RTX sits 27% above its 52-week low of $156.1.
Summary
RTX posted Q3 sales of $25.0B (up 11%) and adjusted EPS of $2.26 (up 33%), then raised 2026 guidance for sales, EPS and free cash flow. A record $340B backlog supports the outlook, though a $363M Pratt & Whitney customer-bankruptcy charge and one-time IEEPA recoveries flattered the quarter.
Key Events · Earnings and Guidance · RTX
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Q3 Sales Up 11% to $25.0B
Reported sales of $25.0B rose 11% year over year and 12% organically, with all three segments growing: Collins +10%, Pratt & Whitney +10%, Raytheon +14%.
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Adjusted EPS Jumps 33% to $2.26
Adjusted EPS of $2.26 versus $1.70 a year ago, including $0.25 from IEEPA cost recovery. GAAP EPS was $1.89 after $0.26 of acquisition accounting adjustments and $0.11 of restructuring items.
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2026 Guidance Raised Across the Board
Adjusted sales now $97.0-$97.5B (from $95.0-$96.0B), adjusted EPS $7.65-$7.75 (from $7.10-$7.25), free cash flow $9.0-$9.2B (from $8.50-$8.75B), organic growth 10-11% (from 8-9%).
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Record $340B Backlog, $81B New Awards
Backlog stands at $340B — $176B commercial and $164B defense — after over $81B of new awards in the quarter, including Tomahawk and AMRAAM multi-year undefinitized production contracts.
Analysis · RTX · Manufacturing
For a second straight quarter, RTX beat its own trajectory and lifted full-year guidance across every metric: adjusted sales to $97.0-$97.5B, adjusted EPS to $7.65-$7.75 (from $7.10-$7.25), and free cash flow to $9.0-$9.2B. The quarter's $25.0B in sales and $2.26 adjusted EPS (up 33%) came alongside a record $340B backlog and over $81B of new awards, so demand is not the issue. Two items temper the headline: Pratt & Whitney absorbed a $363M pre-tax charge tied to a customer bankruptcy, and roughly $0.25 of the adjusted EPS plus $0.3B of operating cash flow came from IEEPA cost recovery — a one-time tailwind unlikely to repeat at the same scale. The raised cash flow guide is the number that matters most for a company this size, since it funds dividends, buybacks and debt reduction.
How filings like this one have moved
In the 30 days to Oct 21, 2026, 37.3% of the 989 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.86%. 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 $197.78 on NYSE in the Manufacturing sector, with a market capitalization of approximately $258.9B. The 52-week trading range was $156.10 to $226.88. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.