RTX Q2 Earnings Call Highlights

2 months ago 18

MarketBeat

Thu, July 23, 2026 astatine 8:06 AM CDT 7 min read

Key Points

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RTX raised its full-year guidance aft a beardown 2nd quarter, present expecting adjusted income of $95 cardinal to $96 billion, adjusted EPS of $7.10 to $7.25, and escaped currency travel of up to $8.75 billion. Management said the higher outlook reflects wide spot successful defense, Pratt & Whitney aftermarket, and Collins Aerospace.
Defense request drove a grounds backlog, with RTX ending the 4th astatine $289 billion. Raytheon unsocial booked astir $20 cardinal successful awards, including large Patriot, AMRAAM, and different classified orders, and its backlog reached $86 cardinal with 48% coming from planetary customers.
Commercial aerospace remained resilient, particularly successful the aftermarket, with Pratt & Whitney and Collins benefiting from beardown motor and MRO demand. RTX besides continued investing successful capableness and portfolio focus, including expanding GTF MRO operations and agreeing to merchantability Blue Canyon Technologies for $620 million.

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RTX (NYSE:RTX) raised its full-year outlook aft reporting stronger second-quarter 2026 sales, nett and currency flow, citing wide request crossed its commercialized aerospace and defence businesses and continued advancement connected operational execution.

Chairman and Chief Executive Officer Chris Calio said the institution delivered "another beardown 4th of show and fiscal results," with adjusted income of $24.7 billion, up 16% organically from a twelvemonth earlier. Adjusted net per stock roseate 21% to $1.89, portion adjusted conception operating nett accrued 18% to $3.2 billion. Free currency travel totaled $2.9 billion.

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The company's backlog reached a grounds $289 billion, up 22% twelvemonth implicit twelvemonth and 6% sequentially. Calio said request remained "exceptional" crossed RTX's products and services, with some defence and commercialized aerospace contributing to bid growth.

Defense Demand Drives Record Backlog

Raytheon recorded astir $20 cardinal of awards successful the quarter, producing a book-to-bill ratio of 2.4. Calio said the awards included much than $5 cardinal of GEM-T Patriot effectors, driven by planetary customers and the archetypal home GEM-T accumulation bid successful much than 30 years. Raytheon besides booked much than $4 cardinal of classified and confidential awards and $1.8 cardinal for AMRAAM.

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