Raytheon Technologies Corporation Q1 2026 Earnings Recap

RTX Q1 2026 April 21, 2026

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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.

Earnings Per Share Beat

$1.78 vs $1.51 est.

+17.9% surprise

Revenue Beat

22076000000 vs 21460930000 est.

+2.9% surprise

Market Reaction

1-Day -4.4%

5-Day -11.0%

30-Day -9.03%

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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.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit RTX on AllInvestView.