RTX (RTX) Q2 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Fri, July 24, 2026 astatine 8:35 AM CDT 46 min read

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DATE

Thursday, July 23, 2026 astatine 7:30 a.m. ET

CALL PARTICIPANTS

• Chairman and Chief Executive Officer - Chris Calio

• Chief Financial Officer - Neil Mitchill

• Vice President of Investor Relations - Nathan Ware

Full Conference Call Transcript

Operator: Good day, ladies and gentlemen, and invited to the RTX Second Quarter 2026 Earnings Conference Call. My sanction is Olivia, and I'll beryllium your relation for today. As a reminder, this league is being recorded for replay purposes. On the telephone contiguous are Chris Calio, Chairman and Chief Executive Officer; Neil Mitchill, Chief Financial Officer; and Nathan Ware, Vice President of Investor Relations. This telephone is being webcast unrecorded connected the Internet, and determination is simply a presumption disposable for download from RTX's website astatine www.rtx.com. Please note, but wherever different noted, the institution volition talk to results from continuing operations, excluding acquisition accounting adjustments and nett nonrecurring and/or important items often referred to by absorption arsenic different important items.

The institution besides reminds listeners that the net and currency travel expectations and immoderate different forward-looking statements provided successful this telephone are taxable to risks and uncertainties. RTX SEC filings including its forms 8-K, 10-Q and 10-K, supply details connected important factors that could origin existent results to disagree materially from those anticipated successful the forward-looking statements. [Operator Instructions] With that, I volition crook the telephone implicit to Mr. Calio.

Christopher Calio: Thank you, and bully morning, everyone. We delivered different beardown 4th of show and fiscal results crossed RTX, driven by our continued absorption connected execution. Starting with the apical line, adjusted income were $24.7 billion, up 16% organically, including double-digit commercialized aftermarket and defence growth. Adjusted EPS of $1.89 was up 21% year-over-year, driven by 18% maturation successful conception operating profit, and escaped currency travel was beardown astatine $2.9 billion. Across RTX, we proceed to spot exceptional request for our products and services. Our backlog stands astatine yet different grounds of $289 billion, up 22% year-over-year and 6% sequentially. Raytheon booked astir $20 cardinal of awards, resulting successful a book-to-bill successful Q2 of 2.4 (sic) [ 2.42 ].

These bookings included implicit $5 cardinal of GEM-T Patriot effectors driven by planetary customers and our archetypal home GEM-T accumulation bid successful implicit 30 years. Raytheon's bookings besides included implicit $4 cardinal of classified and confidential awards arsenic good arsenic $1.8 cardinal for AMRAAM. On the commercialized broadside of the business, request besides remained beardown arsenic evidenced by our continued growth. In Q2, we received implicit $20 cardinal of OE and aftermarket orders. Notably, astatine Pratt, AirAsia placed an bid for 150 A220 aircraft, which are exclusively powered by GTF engines, adding a caller GTF relation and further expanding our installed basal successful a cardinal maturation region.