RTX (NYSE:RTX) Announces Quarterly Earnings Results, Beats Estimates By $0.23 EPS

RTX (NYSE:RTX) announced its quarterly earnings results on Thursday. The company reported $1.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.66 by $0.23, Zacks reports. RTX had a net margin of 8.28% and a return on equity of 13.99%. The company had revenue of $24.71 billion for the quarter, compared to the consensus estimate of $22.89 billion. During the same period in the previous year, the firm posted $1.56 EPS. RTX’s revenue for the quarter was up 14.5% compared to the same quarter last year. RTX updated its FY 2026 guidance to 7.100-7.250 EPS.

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

• RTX beat expectations and raised full-year guidance, with Q2 adjusted sales of $24.7 billion, adjusted EPS of $1.89, and free cash flow of $2.9 billion. The company now expects 2026 adjusted sales of $95 billion-$96 billion, EPS of $7.10-$7.25, and free cash flow of $8.5 billion-$8.75 billion.
• Backlog hit a record $289 billion, up 22% year over year, supported by nearly $20 billion of Raytheon bookings and a 2.4 book-to-bill in the quarter. Management highlighted strong international defense demand, including over $10 billion of Raytheon international awards in the first half.
• Commercial aerospace remained strong, led by aftermarket growth and improving engine operations. Pratt said PW1100G AOGs declined 25% year to date, MRO output rose over 40%, and Pratt expects a record number of GTF engine deliveries this year.
• Raytheon saw strong defense execution and margin expansion, with Q2 sales up 18% organically, operating profit up $234 million, and margins up 100 basis points. Management said productivity, favorable mix, and international demand are supporting further margin improvement.
• Management sees continued investment needs and a mixed second-half revenue cadence, including higher inventory buildup and ongoing supply-chain expansion to support future growth. RTX also said framework agreements with the U.S. government remain in progress and are not yet in backlog.

RTX Trading Up 1.9%

Shares of NYSE RTX opened at $213.09 on Friday. The business’s 50 day moving average is $187.08 and its two-hundred day moving average is $192.19. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.01 and a quick ratio of 0.78. RTX has a 1-year low of $150.61 and a 1-year high of $214.89. The stock has a market capitalization of $286.97 billion, a P/E ratio of 37.52, a PEG ratio of 2.76 and a beta of 0.30.

RTX Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 3rd. Investors of record on Friday, August 14th will be given a $0.73 dividend. The ex-dividend date is Friday, August 14th. This represents a $2.92 annualized dividend and a yield of 1.4%. RTX’s dividend payout ratio (DPR) is currently 51.41%.

Analyst Ratings Changes

A number of equities research analysts recently commented on RTX shares. Wall Street Zen downgraded RTX from a “strong-buy” rating to a “buy” rating in a research report on Sunday, April 26th. Dbs Bank raised RTX from a “hold” rating to a “moderate buy” rating in a research note on Wednesday, June 10th. Royal Bank Of Canada upped their price objective on RTX from $230.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday. Citigroup reiterated a “buy” rating on shares of RTX in a research report on Wednesday, June 17th. Finally, Jefferies Financial Group reissued a “buy” rating on shares of RTX in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, fourteen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $218.62.

Key RTX News

Here are the key news stories impacting RTX this week:

• Positive Sentiment: RTX reported better-than-expected Q2 adjusted EPS of $1.89 on revenue of $24.71 billion, topping Wall Street estimates and showing 14.5% year-over-year revenue growth. RTX Beats on Q2 Earnings, Lifts Full-Year 2026 Guidance
• Positive Sentiment: The company raised full-year 2026 guidance for sales, EPS, and free cash flow, signaling management sees momentum continuing into the rest of the year. RTX Reports Q2 2026 Results
• Positive Sentiment: RTX highlighted a record $289 billion backlog and more than $5 billion in Patriot-related bookings, including its first U.S. Patriot order in over 30 years, reinforcing strong demand for missile and defense systems. QUICK SPARK: RTX Just Received Its First US Patriot Order in 30 Years
• Positive Sentiment: Several analysts turned more constructive, with RBC and Morgan Stanley pointing to stronger aerospace and defense demand, margin upside, and additional growth potential through 2027. RTX Q2 Results Beat Expectations on Strong Aerospace, Defense Demand, RBC Says
• Neutral Sentiment: Wells Fargo raised its price target on RTX, but kept an “equal weight” rating, suggesting a more balanced view despite the improved outlook.
• Negative Sentiment: Some commentary noted potential headwinds tied to geopolitical risks and execution challenges, which could limit upside if defense demand or operations soften. RTX Stock Rises After Strong Earnings but Faces Two Iran War Headwinds

Hedge Funds Weigh In On RTX

Several large investors have recently modified their holdings of RTX. United Bank lifted its holdings in shares of RTX by 68.0% in the 2nd quarter. United Bank now owns 10,202 shares of the company’s stock worth $1,490,000 after acquiring an additional 4,131 shares during the last quarter. Brighton Jones LLC boosted its stake in shares of RTX by 24.3% during the 4th quarter. Brighton Jones LLC now owns 17,018 shares of the company’s stock worth $1,969,000 after purchasing an additional 3,332 shares during the period. Schnieders Capital Management LLC. grew its holdings in RTX by 3.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 20,900 shares of the company’s stock valued at $3,052,000 after purchasing an additional 623 shares during the last quarter. Revolve Wealth Partners LLC raised its position in RTX by 3.4% in the 4th quarter. Revolve Wealth Partners LLC now owns 4,873 shares of the company’s stock worth $564,000 after purchasing an additional 159 shares during the period. Finally, Van Diest Capital LLC purchased a new stake in RTX in the 4th quarter worth about $221,000. Institutional investors own 86.50% of the company’s stock.

About RTX

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.