RTX (RTX) Earnings Dates, Call Summary & Reports

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Earnings Data

Report Date

Apr 28, 2026

Before Open (Confirmed)

Period Ending

2026 (Q1)

Consensus EPS Forecast

1.5

Last Year’s EPS

1.47

Same Quarter Last Year

Analyst Consensus

Moderate Buy

Based on 13 Analysts Ratings

Earnings Call Summary

Q4 2025

Earnings Call Date:Jan 27, 2026|

% Change Since:

Earnings Call Sentiment|Positive

The call presented a predominantly positive outlook: the company delivered strong FY2025 results (double-digit organic revenue growth, EPS growth, and materially higher free cash flow), a record backlog with robust book-to-bill, broad-based segment momentum (Pratt, Raytheon, Collins), clear evidence of productivity improvements, and constructive 2026 guidance (higher sales, EPS, and free cash flow). Notable near-term headwinds were repeatedly disclosed — tariff impacts, GTF-related customer compensation cash outflows, some GAAP adjustments/pension items, supply-chain constraints and near-term debt maturities — but management provided mitigation plans (capacity investments, digital productivity, supply-chain engagement) and guidance that incorporates these items. Overall, the positives (growth, backlog, cash, operational gains, and concrete 2026 guidance) substantially outweigh the disclosed lowlights.

Company Guidance

RTX guided 2026 adjusted sales of $92–93 billion (5%–6% organic growth) with adjusted EPS of $6.60–$6.80 and free cash flow of $8.25–$8.75 billion; the company expects consolidated segment margin expansion supported by mid-single‑digit growth in commercial OE and defense and high‑single‑digit growth in commercial aftermarket, and plans total company and customer‑funded R&D/investment of about $10.5 billion (including roughly $3.1 billion of CapEx, ~$500 million above 2025). Management said segment operating profit growth will drive ~ $0.59 of EPS at the midpoint (offset by a ~$0.03 divestiture headwind, ~$0.13 lower pension income, ~$0.05 higher share count and ~$0.06 minority interest headwinds, and a ~$0.06 interest tailwind), and detailed free cash flow drivers of +$1.1 billion from operations, a ~$300 million YoY tailwind from ~$700 million of powder‑metal customer compensation, a ~$500 million CapEx headwind, and ~ $300 million of other headwinds. At the segment level, Collins is expected to see mid‑single‑digit adjusted sales (high‑single‑digit organic) with operating profit up $425–525 million; Pratt mid‑single‑digit sales with operating profit up $225–325 million; and Raytheon mid‑to‑high‑single‑digit sales with operating profit up $200–300 million.

Full-Year Revenue and Organic Growth

Adjusted sales of $88.6 billion for FY2025, up $9.0 billion year-over-year and +11% organic growth.

Strong Earnings and Cash Generation

Adjusted EPS of $6.29 for FY2025, up 10% year-over-year; free cash flow of $7.9 billion, up $3.4 billion year-over-year.

Robust Backlog and Book-to-Bill

Full-year book-to-bill of 1.56 and record backlog of $268 billion, up 23% year-over-year (≈$161B commercial, $107B defense).

2026 Financial Outlook

Guidance for 2026: adjusted sales $92.0–$93.0 billion (5–6% organic growth), adjusted EPS $6.60–$6.80, and free cash flow $8.25–$8.75 billion.

Quarterly Performance and Channel Strength

Q4 adjusted sales $24.2 billion (+12% adjusted, +14% organic). Organic growth drivers: commercial OE +18%, commercial aftermarket +17%, defense +10%.

Segment Wins and Order Flow

Notable awards include 1,500 GTF engines and >2,400 Pratt Canada engines orders, Raytheon $1.2B Spain Patriot award and $1.2B Tamir missile contract; Raytheon booked $40B of awards in the year; international backlog mix at Raytheon 47% (up 3 points).

Exceptional Pratt & Whitney Momentum

Pratt & Whitney FY sales $32.9B (+17% organic), Q4 sales $9.5B (+25% Y/Y); Q4 operating profit $776M (+$59M) driven by strong OEM, aftermarket and military engine volumes.

Raytheon Operational and Margin Improvement

Raytheon Q4 sales $7.7B (+7%), Q4 operating profit $885M (+$157M). FY Raytheon sales $28B (+6% organic) with 130 bps year-over-year margin expansion driven by productivity and mix.

Operational Productivity and Digital Deployment

Factory digital connectivity covering >50% of manufacturing hours; examples include 45% aged inventory reduction at Pratt Lansing and 35% circuit card cycle-time reduction at Raytheon Andover; munitions output up ~20% on critical programs.

GTF Fleet Management Progress

GTF MRO output up 26% for the year and +39% in Q4; AOGs down >20% from 2025 highs; heavier shop visits up 40% in 2025; new MRO partners added (UAE Sinad, ITP Aero).

Capital Investment Program

Invested $2.6B CapEx in 2025 and over $10B in CapEx + company/customer-funded R&D in aggregate in 2025; planning ~$10.5B of combined R&D/CapEx investment in 2026 including ~$3.1B CapEx to expand capacity.

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
Apr 28, 2026	2026 (Q1)	1.50 / -	1.47	―	―	―
Jan 27, 2026	2025 (Q4)	1.47 / 1.55	1.54	0.65% (+0.01)
Oct 21, 2025	2025 (Q3)	1.41 / 1.70	1.45	17.24% (+0.25)
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)

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
Jan 27, 2026	$194.13	$201.28	+3.68%
Oct 21, 2025	$160.08	$172.36	+7.67%
Jul 22, 2025	$150.30	$147.93	-1.58%
Apr 22, 2025	$124.44	$112.23	-9.81%

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.