RTX Q1 Earnings Call Highlights

1 week ago 9

MarketBeat

Tue, April 21, 2026 astatine 11:52 AM CDT 9 min read

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Strong Q1 performance: RTX reported adjusted income of $22.1 cardinal (+10% organic), adjusted EPS of $1.78 (+21%), and $1.3 cardinal of escaped currency flow, and raised its full‑year adjusted income to $92.5–$93.5 cardinal and EPS to $6.70–$6.90 portion maintaining escaped currency travel guidance.
Record backlog and large defence awards: Demand drove a $271 cardinal backlog (up 25% YoY) and a 1.14 book‑to‑bill, with ample awards including >$3B for Pratt & Whitney F‑135 Lot 19, astir $3B for Collins, and $6.6B for Raytheon, positive “landmark model agreements” to underpin multi‑year munitions accumulation ramps and capableness investments.
Operational spot with immoderate headwinds: All 3 segments grew organically and expanded margins aided by productivity and automation (e.g., Pratt’s Singapore MRO), but RTX flagged astir $200 cardinal of OE borderline headwind and has paid astir $500 cardinal successful tariffs portion pursuing refunds.
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RTX (NYSE:RTX) reported a beardown commencement to 2026, posting double-digit integrated gross maturation and raising its full-year adjusted income and net outlook pursuing first-quarter results that executives said were driven by execution, productivity gains, and robust commercialized and defence demand.

Chairman and CEO Chris Calio said RTX delivered “very beardown show to commencement the year,” with adjusted income of $22.1 billion, up 10% organically. Adjusted EPS was $1.78, up 21% year-over-year, portion escaped currency travel was $1.3 billion, up $500 cardinal from the prior-year quarter.

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Chief Financial Officer Neil Mitchill said integrated maturation was broad-based: commercialized OE income roseate 6%, commercialized aftermarket accrued 14%, and defence income grew 9%. Adjusted conception operating nett roseate 14% to $2.9 billion, with Mitchill attributing the summation to “drop-through connected higher volume, favorable defence mix, and improved productivity.” He added that RTX expanded consolidated conception borderline by 70 ground points, “more than offsetting” a year-over-year tariff headwind, portion headcount accrued conscionable 1% contempt double-digit maturation successful income and profit.

On a GAAP basis, RTX posted net per stock from continuing operations of $1.51, which included $0.27 of acquisition accounting adjustments, Mitchill said. Free currency travel included astir $170 cardinal of pulverization metal-related compensation. RTX besides paid down $500 cardinal of indebtedness during the quarter, Mitchill said.

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