Raytheon Technologies Corporation Earnings Recaps
Q1 2026
Apr 21, 2026
RTX delivered a robust Q1, with 10% organic sales growth and a 21% increase in adjusted EPS driven by strong defense awards and continued commercial aerospace recovery.
Key takeaways
- Adjusted sales rose to $22.1 billion, up 10% organically, with broad-based growth across all channels.
- Record backlog of $271 billion increased 25% YoY, supported by significant defense awards and GTF engine wins.
- Defense segment secured over $6.6 billion in awards, including key munitions and missile contracts, reinforcing long-term growth prospects.
- Commercial aerospace demand remains durable with expectations for mid-to-high single-digit GTF delivery growth; GTF program hits 10 years in service with 50 million flight hours.
- Free cash flow of $1.3 billion, up $500 million YoY, underpins disciplined capital deployment amidst expanding production capacity.