The earnings call reflected a strong performance in terms of sales growth, backlog, and strategic wins, with positive adjustments to sales and EPS outlooks. However, the company faced challenges due to tariffs, cash flow issues, and operational disruptions at Pratt & Whitney.

Company Guidance -

Q3 2025

During the RTX Second Quarter 2025 Earnings Conference Call, the company reported a 9% year-over-year organic sales increase, driven by a 16% rise in commercial aftermarket sales and a 12% boost in segment operating profit. The book-to-bill ratio stood at an impressive 1.86, with a backlog reaching $236 billion, marking a 50% increase year-over-year. Free cash flow was approximately breakeven due to a temporary work stoppage at Pratt, expected to recover later in the year. RTX revised its full-year guidance, projecting adjusted sales between $84.75 billion and $85.5 billion, up from previous expectations, and adjusted EPS in the range of $5.80 to $5.95, reflecting a $0.10 EPS improvement from operational performance. The company maintained its full-year free cash flow outlook between $7 billion and $7.5 billion, despite tariff-related headwinds.

Strong Organic Sales Growth

RTX reported a 9% organic sales growth year-over-year, driven by 16% growth in commercial aftermarket sales.

Record Backlog and Book-to-Bill Ratio

The company achieved a book-to-bill ratio of 1.86 with a backlog of $236 billion, up 50% year-over-year.

Significant Wins in Engine Orders and Defense Contracts

Pratt booked over 1,000 GTF engine orders, and Raytheon secured over $5 billion in integrated air and missile defense awards.

Increased Sales and EPS Outlook

RTX raised its full-year adjusted sales outlook to $84.75 billion to $85.5 billion and adjusted EPS to $5.80 to $5.95.

Dividend Increase

RTX raised its dividend by 8% in the quarter, showing confidence in long-term cash generation.

Raytheon Technologies (RTX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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RTX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 28, 2025	2025 (Q3)	1.43 / -	1.45	―	―	―
Jul 22, 2025	2025 (Q2)	1.44 / 1.56	1.41	10.64% (+0.15)
Apr 22, 2025	2025 (Q1)	1.35 / 1.47	1.34	9.70% (+0.13)
Jan 28, 2025	2024 (Q4)	1.38 / 1.54	1.29	19.38% (+0.25)
Oct 22, 2024	2024 (Q3)	1.34 / 1.45	1.25	16.00% (+0.20)
Jul 25, 2024	2024 (Q2)	1.29 / 1.41	1.29	9.30% (+0.12)
Apr 23, 2024	2024 (Q1)	1.23 / 1.34	1.22	9.84% (+0.12)
Jan 23, 2024	2023 (Q4)	1.25 / 1.29	1.27	1.57% (+0.02)
Oct 24, 2023	2023 (Q3)	1.22 / 1.25	1.21	3.31% (+0.04)
Jul 25, 2023	2023 (Q2)	1.18 / 1.29	1.16	11.21% (+0.13)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

RTX Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jul 22, 2025	$151.56	$149.17	-1.58%
Apr 22, 2025	$125.48	$113.17	-9.81%
Jan 28, 2025	$123.79	$127.06	+2.64%
Oct 22, 2024	$123.97	$123.61	-0.29%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.