The earnings call presented a predominantly positive outlook with strong sales growth, a record backlog, and significant new orders, particularly in defense. However, challenges such as tariffs and a work stoppage at Pratt impacted financial metrics, leading to a reduction in the EPS outlook.

Company Guidance

During the RTX Second Quarter 2025 Earnings Conference Call, the company provided several key metrics reflecting its strong performance and strategic outlook. Sales increased by 9% organically year-over-year, with commercial aftermarket growth of 16%, while segment operating profit rose by 12%. The company's Q2 book-to-bill ratio was 1.86, contributing to a backlog of $236 billion, which grew 50% year-over-year and 9% sequentially. Pratt booked over 1,000 GTF engine orders, and Raytheon secured over $5 billion in integrated air and missile defense awards. RTX increased its full-year adjusted sales outlook to $84.75 billion-$85.5 billion, translating to 6%-7% organic sales growth. Adjusted EPS was revised to $5.80-$5.95, and free cash flow is expected to remain between $7 billion and $7.5 billion for the year. The company also highlighted progress in GTF MRO output, with a 22% year-over-year improvement, and plans for a 30% increase in MRO output for the full year. Additionally, RTX announced an 8% dividend increase and expects to deliver $37 billion of capital to shareholders from the merger date through the end of 2025.

Strong Organic Sales Growth

Sales increased 9% organically year-over-year, with a notable 16% growth in commercial aftermarket sales, reflecting a robust demand across markets.

Record Backlog

The backlog reached $236 billion, marking a 50% year-over-year increase and a 9% sequential growth, driven by significant new orders at Pratt and Raytheon.

Notable Wins in Defense

Raytheon booked over $5 billion in integrated air and missile defense awards, including the largest order in the history of the AM NYMEX program.

Increased Full Year Sales Outlook

Adjusted sales outlook increased to $84.75 billion to $85.5 billion, translating to 6-7% organic growth, up from the prior 4-6% estimate.

Raising of Dividend

The dividend was increased by 8%, reflecting the company's confidence in its backlog execution and long-term cash generation potential.

RTX (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)	1.41 / -	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	$150.90	$148.52	-1.58%
Apr 22, 2025	$124.93	$112.68	-9.81%
Jan 28, 2025	$123.25	$126.50	+2.64%
Oct 22, 2024	$123.43	$123.06	-0.30%

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.