RTX Reports Strong Q1 Results with Double-Digit Growth, Raises Full-Year Sales and EPS Outlook
Summary
RTX reported strong first-quarter 2026 results, including double-digit organic sales and adjusted EPS growth, leading to an increased full-year outlook for sales and EPS.
Key Events
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Strong Q1 2026 Financial Performance
RTX reported Q1 2026 sales of $22.1 billion, up 9% (10% organically) year-over-year. Adjusted EPS reached $1.78, a 21% increase from the prior year, driven by growth across all three segments.
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Raised Full-Year 2026 Outlook
The company increased its full-year 2026 adjusted sales outlook to $92.5 - $93.5 billion (from $92.0 - $93.0 billion) and adjusted EPS outlook to $6.70 - $6.90 (from $6.60 - $6.80), while confirming free cash flow guidance.
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Increased Company Backlog
RTX's total company backlog grew to $271 billion, up from $268 billion reported in the last 10-K, indicating strong future revenue visibility.
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Robust Cash Flow Generation
Operating cash flow for Q1 2026 was $1.9 billion, a 42% increase, and free cash flow was $1.3 billion, up 65% compared to the prior year.
Analysis
RTX Corporation delivered a robust first quarter, exceeding expectations with double-digit organic sales and adjusted EPS growth across all segments. The company's ability to increase its full-year adjusted sales and EPS outlook, alongside a growing backlog, signals strong operational execution and demand for its defense and aerospace products. This positive performance reinforces the company's financial health and strategic positioning, building on the robust full-year 2025 results reported in the last 10-K.
At the time of this filing, RTX was trading at $200.39 on NYSE in the Manufacturing sector, with a market capitalization of approximately $263.5B. The 52-week trading range was $112.63 to $214.50. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.