Textron Inc. Q3 2026 Earnings Recap

Textron shares rose 11.7% after earnings, with the company raising its adjusted EPS and manufacturing cash flow outlook. Higher aircraft deliveries and double-digit revenue growth at Aviation and Systems were key positives in the quarter.

Key Takeaways

• Third-quarter revenue was $3.8 billion, adjusted EPS was $1.76, and manufacturing cash flow before pension contributions was $418 million.
• Textron raised its outlook for adjusted EPS and manufacturing cash flow, citing year-to-date performance and expectations for the rest of the year; the transcript provides no revised targets.
• Aviation revenue increased $201 million, or 14%. The company delivered 51 jets versus 42 a year earlier, but commercial turboprop deliveries declined to 32 from 39.
• Aviation aftermarket revenue grew 10%, and orders were at their highest third-quarter level since 2023.
• Systems revenue grew 16%, and Textron received a $230 million contract modification for two additional Ship-to-Shore Connector craft.