RTX reported a strong start to 2026 with double-digit organic sales growth and significant adjusted EPS growth across all segments, driven by effective execution and a robust backlog. The company raised its full-year outlook for adjusted sales and adjusted EPS, reflecting confidence in its defense business and ability to increase output.
Consolidated sales of $22.1 billion, up 9 percent versus prior year and 10 percent organically.
positiveAdjusted EPS of $1.78, up 21 percent versus prior year.
positiveOperating cash flow of $1.9 billion, up 42% YoY, and free cash flow of $1.3 billion, up 65% YoY.
positiveFull year 2026 outlook raised for adjusted sales and adjusted EPS.
positiveCollins Aerospace reported adjusted sales up 5% YoY, driven by commercial OE and aftermarket, and defense sales up 9%.
positivePratt & Whitney reported adjusted sales up 11% YoY, driven by commercial aftermarket and military sales.
positiveRaytheon reported adjusted sales up 10% YoY, driven by higher volume in land and air defense systems and naval munitions.
positiveInventory levels increased to $14.15 billion from $13.36 billion at the end of the prior year.
attentionGAAP EPS of $1.51 included $0.27 of acquisition accounting adjustments, impacting reported earnings.
attentionCollins Aerospace adjusted operating profit growth was 6%, significantly lower than reported operating profit growth of 20%, due to unfavorable commercial OE mix and impact of divestitures.
attentionPratt & Whitney's adjusted operating profit growth of 21% was partially offset by higher operational costs, including tariffs, and higher SG&A expense.
attentionRaytheon's reported operating profit was up 24% YoY, but adjusted operating profit was up 25% YoY, indicating some non-recurring items influencing reported figures.
attentionMargin expansion indicates improving profitability and operational efficiency. Measured in basis points (bps): 100 bps = 1.0%.
| Segment | Current | Prior Yr | YoY | % Total |
|---|---|---|---|---|
Collins Aerospace | N/A | — | — | — |
Pratt & Whitney | N/A | — | — | — |
Raytheon | N/A | — | — | — |
| Total Revenue | $0.00M | — | — | 100.0% |
Segment performance shows business unit health and growth drivers.
Forward-looking guidance is subject to change and does not constitute a guarantee. Actual results may differ materially from these estimates.
Special items are non-recurring events that may distort period-over-period comparisons. Analysts typically adjust for these when calculating normalized earnings.
RTX delivered a very strong start to 2026 with organic sales and adjusted operating profit growth across all three segments, driven by our continued focus on execution and delivering our backlog.
Our differentiated products across RTX are well positioned to support our customers’ needs and we’re making significant investments to increase output and accelerate the fielding of new capabilities.
Given our first quarter performance and the strength we’re seeing in our defense business, we are increasing adjusted sales and EPS in our full year outlook.
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Operational metrics provide insight into business drivers and customer engagement beyond traditional financial measures.