RTX (NYSE:RTX) Releases Earnings Results, Beats Estimates By $0.08 EPS

RTX (NYSE:RTX) released its quarterly earnings results on Tuesday. The company reported $1.55 EPS for the quarter, topping the consensus estimate of $1.47 by $0.08, Zacks reports. RTX had a return on equity of 13.08% and a net margin of 7.60%.The business had revenue of $24.24 billion during the quarter, compared to analysts’ expectations of $22.65 billion. During the same quarter in the prior year, the business earned $1.54 earnings per share. The company’s quarterly revenue was up 12.1% compared to the same quarter last year. RTX updated its FY 2026 guidance to 6.600-6.800 EPS.

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

• Strong financials and 2026 guide: Full-year adjusted sales of $88.6B, adjusted EPS of $6.29, and free cash flow of $7.9B; management guides 2026 adjusted sales of $92–93B, adjusted EPS of $6.60–6.80, and free cash flow of $8.25–8.75B.
• Record backlog and strong orders: Year-end backlog reached $268B (book-to-bill 1.56) with roughly $161B commercial and $107B defense, driven by large engine awards and significant defense wins (e.g., Patriot, Tamir).
• GTF fleet plan is progressing but carries cash obligations: AOGs are down >20% from the 2025 peak and MRO output rose 26% for the year (39% in Q4), while customer compensation cash outflows remain material (exited 2025 with ~$1B; ~ $700M expected in 2026; cumulative ~ $2.8B by end-2026).
• Productivity and capacity investments underway: Digital factory/connectivity now covers >50% of manufacturing hours, Raytheon increased munitions output ~20% on key programs, and RTX plans ~ $10.5B of total 2026 investments (including ~$3.1B CapEx and ~$3B R&D) to expand production and automation.
• Near-term cost and cash headwinds: Q4 included ~$1B powder‑metal compensation and ~$600M tariff impacts, Collins faced tariff drag (~90 bps), and ~$3.4B of debt maturities are due in 2026, which could pressure near-term cash flow and margins.

RTX Stock Performance

RTX opened at $199.41 on Thursday. RTX has a 1-year low of $112.27 and a 1-year high of $205.36. The stock has a market cap of $267.36 billion, a P/E ratio of 40.95, a P/E/G ratio of 2.94 and a beta of 0.44. The stock’s 50 day simple moving average is $183.86 and its 200 day simple moving average is $169.85. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.03 and a quick ratio of 0.81.

Institutional Trading of RTX

Several large investors have recently bought and sold shares of the company. Brighton Jones LLC lifted its holdings in shares of RTX by 24.3% in the fourth quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock valued at $1,969,000 after purchasing an additional 3,332 shares in the last quarter. United Bank raised its position in shares of RTX by 68.0% during the 2nd quarter. United Bank now owns 10,202 shares of the company’s stock worth $1,490,000 after purchasing an additional 4,131 shares during the last quarter. Schnieders Capital Management LLC. lifted its stake in RTX by 3.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company’s stock valued at $3,052,000 after buying an additional 623 shares in the last quarter. Revolve Wealth Partners LLC grew its holdings in RTX by 3.4% during the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock valued at $564,000 after buying an additional 159 shares during the last quarter. Finally, Binnacle Investments Inc increased its position in RTX by 3.9% during the second quarter. Binnacle Investments Inc now owns 2,344 shares of the company’s stock worth $342,000 after buying an additional 88 shares in the last quarter. Institutional investors and hedge funds own 86.50% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on RTX. The Goldman Sachs Group raised their target price on shares of RTX from $151.00 to $168.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 22nd. UBS Group reaffirmed a “neutral” rating on shares of RTX in a report on Wednesday. Royal Bank Of Canada increased their target price on RTX from $220.00 to $230.00 and gave the stock an “outperform” rating in a research note on Wednesday. Jefferies Financial Group reissued a “hold” rating and issued a $225.00 price target on shares of RTX in a report on Wednesday. Finally, BNP Paribas Exane started coverage on RTX in a report on Tuesday, November 18th. They set an “outperform” rating and a $210.00 price objective on the stock. One investment analyst has rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $198.06.

Trending Headlines about RTX

Here are the key news stories impacting RTX this week:

• Positive Sentiment: Q4 beat-and-raise: RTX reported revenue and adjusted EPS above expectations, cited improved free cash flow (~$3.2B) and manageable margin pressure — the print underpins the rally and supports capital returns and buy-side optimism. Why RTX Stock Is Surging in 2026—and Why It Might Not Be Done Yet
• Positive Sentiment: Analyst upgrades and price-target lifts: Wall Street has been raising forecasts following Q4; JPMorgan boosted its target to $215 and kept an Overweight rating — a direct catalyst supporting further upside. Benzinga
• Positive Sentiment: Contract wins & backlog expansion: Raytheon (an RTX business) won a $197M airborne reconnaissance award and the company picked up a ~$1.7B Spain deal that materially boosted its visible pipeline — both improve near‑term revenue visibility. RTX’s Raytheon awarded $197 million contract for Poland airborne reconnaissance system
• Neutral Sentiment: Guidance largely in line with consensus: FY‑2026 EPS guidance (6.60–6.80) sits near Street estimates — supportive but not a clear catalyst for an immediate re-rate. RTX Q4 Earnings Surpass Estimates, Revenues Increase Y/Y
• Neutral Sentiment: Some headlines referencing “RTX” relate to NVIDIA’s RTX GPU brand (gaming hardware/software) and are unrelated to RTX Corporation — watch for investor confusion in newsfeeds. ASUS ROG RTX 2060 Strix OC – Fantastic GPU – but the price?
• Negative Sentiment: Institutional selling and insider sales: Institutions own ~85% and were net sellers into late‑2025; multiple insider dispositions were reported — these can cap upside and increase volatility if selling persists. QuiverQuant RTX earnings & insider activity

RTX Company Profile

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.