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RTX · Q2 2026

RTX Corp

Reported 2026-07-23
BEAT
51EarnIQ signal
↗

Confidence rising

Mild quarter-over-quarter shift

Strong organic growth, margin expansion, and a robust backlog prompted a guidance raise across all key metrics.

  • ✓Guidance was raised, with high specificity.
  • ✓Management tone registered as confident (85/100).
  • ✓EarnIQ detected 0 potential management deflections.
Headline–confidence gap

Headline confirmed

Management confidence reinforces the reported beat.

EPS: reported vs expected+12.6%$1.89 vs $1.68
Revenue: reported vs expected—— vs —
Guidance specificityHighRaised
Market expectations supplied by Finnhub · Reported vs consensus estimate

RTX delivered very strong second quarter results with 16 percent organic sales growth, margin expansion across all three segments, and $2.9 billion of free cash flow.

Premium intelligence

The evidence behind the signal

Full report
Management language

Why confidence moved

“RTX delivered very strong second quarter results with 16 percent organic sales growth,* including double-digit commercial aftermarket and defense growth, margin expansion across all three segments, and $2.9 billion of free cash flow.*”
“Demand remains robust, and our backlog is up 22 percent year over year”
“Given our first half performance and current backlog, we are raising our full year outlook for adjusted sales,* adjusted EPS,* and free cash flow.*”
Guidance specificity
90/100

High specificity

Management raised full-year 2026 outlook for adjusted sales to $95.0 - $96.0 billion, organic sales growth to 8-9%, adjusted EPS to $7.10 - $7.25, and free cash flow to $8.50 - $8.75 billion.

Pressure point
!

Identified rare condition in powder

0 potential deflections detected in management communication.

Narrative break

What changed

Reached an agreement to sell Raytheon's Blue Canyon Technologies business for $620 million.

Q&A evidence

Management responses

No material Q&A deflections were detected.

Key positives
  • Delivered second quarter sales of $24.7 billion, up 14 percent versus prior year, and up 16 percent organically.
  • Company backlog reached $289 billion, including $170 billion of commercial and $119 billion of defense.
  • Raised full-year 2026 outlook for adjusted sales, adjusted EPS, and free cash flow.
Key risks
  • Identified rare condition in powder metal used to manufacture certain Pratt & Whitney engine parts requiring accelerated removals and inspections of a significant portion of the PW1100G-JM GTF fleet.
  • Potential challenges in the development, certification, production, delivery, support, and performance of advanced technologies and new products.
  • Dependence on U.S. or foreign government defense spending, national priorities, and policy positions.
Topic velocity

Language versus prior quarter

M&ANew
CostNew
ChinaNew
MarginNew
RecordNew
iPhoneNew
Signal composition

What drove the EarnIQ score

Tone+20
Eps Beat+0
Guidance+15
New Signal+8
Miss Penalty+0
Qoq Improvement+8
Deflection Penalty+0