RTX (NYSE:RTX) Announces Earnings Results

RTX (NYSE:RTX) announced its quarterly earnings data on Thursday. The company reported $1.89 EPS for the quarter, topping analysts’ consensus estimates of $1.66 by $0.23, Zacks reports. The business had revenue of $24.71 billion during the quarter, compared to the consensus estimate of $22.89 billion. RTX had a return on equity of 13.50% and a net margin of 8.03%.The business’s revenue for the quarter was up 14.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.56 earnings per share. RTX updated its FY 2026 guidance to 7.100-7.250 EPS.

Here are the key takeaways from RTX’s conference call:

• RTX beat expectations and raised full-year guidance, with Q2 adjusted sales of $24.7 billion, adjusted EPS of $1.89, and free cash flow of $2.9 billion. The company now expects 2026 adjusted sales of $95 billion-$96 billion, EPS of $7.10-$7.25, and free cash flow of $8.5 billion-$8.75 billion.
• Backlog hit a record $289 billion, up 22% year over year, supported by nearly $20 billion of Raytheon bookings and a 2.4 book-to-bill in the quarter. Management highlighted strong international defense demand, including over $10 billion of Raytheon international awards in the first half.
• Commercial aerospace remained strong, led by aftermarket growth and improving engine operations. Pratt said PW1100G AOGs declined 25% year to date, MRO output rose over 40%, and Pratt expects a record number of GTF engine deliveries this year.
• Raytheon saw strong defense execution and margin expansion, with Q2 sales up 18% organically, operating profit up $234 million, and margins up 100 basis points. Management said productivity, favorable mix, and international demand are supporting further margin improvement.
• Management sees continued investment needs and a mixed second-half revenue cadence, including higher inventory buildup and ongoing supply-chain expansion to support future growth. RTX also said framework agreements with the U.S. government remain in progress and are not yet in backlog.

RTX Price Performance

Shares of RTX traded up $15.12 on Thursday, reaching $210.00. The stock had a trading volume of 4,829,536 shares, compared to its average volume of 5,677,402. RTX has a twelve month low of $150.61 and a twelve month high of $214.50. The firm has a market capitalization of $282.80 billion, a PE ratio of 39.37, a PEG ratio of 2.65 and a beta of 0.30. The firm has a 50-day moving average of $185.57 and a 200 day moving average of $191.89. The company has a quick ratio of 0.78, a current ratio of 1.02 and a debt-to-equity ratio of 0.48.

RTX Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be issued a $0.73 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 1.4%. RTX’s dividend payout ratio is currently 54.78%.

Institutional Trading of RTX

Institutional investors have recently bought and sold shares of the company. Wilkerson Advisory Group LLC acquired a new position in shares of RTX during the 4th quarter worth $32,000. Wexford Capital LP purchased a new stake in shares of RTX in the 3rd quarter worth about $33,000. Imprint Wealth LLC acquired a new stake in RTX in the 3rd quarter valued at about $35,000. Triumph Capital Management lifted its holdings in shares of RTX by 3,663.6% in the fourth quarter. Triumph Capital Management now owns 414 shares of the company’s stock valued at $76,000 after purchasing an additional 403 shares in the last quarter. Finally, Mcguire Capital Advisors Inc. purchased a new position in shares of RTX during the 4th quarter worth approximately $87,000. 86.50% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on RTX shares. Wells Fargo & Company assumed coverage on shares of RTX in a report on Wednesday, April 1st. They set an “equal weight” rating and a $200.00 price target for the company. Melius Research upgraded shares of RTX from a “hold” rating to a “buy” rating in a research note on Thursday, April 2nd. UBS Group lowered their price objective on shares of RTX from $209.00 to $199.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 22nd. Jefferies Financial Group restated a “buy” rating on shares of RTX in a research note on Wednesday, July 8th. Finally, Wall Street Zen cut shares of RTX from a “strong-buy” rating to a “buy” rating in a report on Sunday, April 26th. One research analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, RTX has an average rating of “Moderate Buy” and an average target price of $211.38.

RTX News Roundup

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX beat second-quarter estimates with adjusted EPS of $1.89 versus $1.66 expected and revenue of $24.71 billion versus $22.89 billion expected, driven by strong commercial aftermarket and defense demand. RTX Q2 Earnings Outpace Estimates, Revenues Increase Y/Y
• Positive Sentiment: The company raised 2026 guidance, now expecting adjusted EPS of $7.10 to $7.25 and sales of about $95.5 billion to $96.0 billion, both above prior targets and analyst expectations. RTX Reports Q2 2026 Results
• Positive Sentiment: Backlog rose to a record $289 billion, reinforcing confidence in future revenue from commercial aviation and defense programs. RTX raises 2026 guidance after double-digit sales growth drives Q2 results
• Positive Sentiment: Pratt & Whitney reported more than 800 GTF engine orders and commitments year to date, adding to a backlog of more than 8,000 engines and signaling durable demand. RTX’s Pratt & Whitney GTF™ engines surpass 800 orders and commitments in 2026, year to date
• Neutral Sentiment: RTX also highlighted progress in hybrid-electric aviation testing and new aerospace partnerships at Farnborough, which support the long-term innovation story but are less likely to move the stock immediately. RTX advances hybrid-electric aviation at The Grid

About RTX

RTX (NYSE: RTX) is a U.S.-based aerospace and defense company that designs, manufactures and services advanced systems for commercial, military and governmental customers worldwide. The company was created through the 2020 combination of Raytheon Company and United Technologies Corporation and later adopted the RTX name, positioning itself as a diversified provider across the aerospace and defense value chain.

RTX’s operations span a broad set of capabilities. Its commercial aerospace businesses include Pratt & Whitney aircraft engines and Collins Aerospace systems, which supply propulsion, avionics, aerostructures, interiors and integrated aircraft systems.