RTX stock climbs on strong earnings beat and raised outlook

Investing.com -- RTX Corporation (NYSE: RTX) reported third-quarter results that exceeded analyst expectations across earnings and revenue, while raising its full-year outlook, sending shares up 2.2% premarket following the announcement.

The aerospace and defense company posted adjusted earnings per share of $2.26, surpassing the analyst consensus of $1.78 by $0.48. Revenue reached $25.0 billion, beating estimates of $24.09 billion and marking an 11% increase from the prior year’s $22.5 billion.

The company attributed the strong performance to double-digit organic sales growth across both commercial aerospace and defense segments, along with $0.25 per share from IEEPA cost recovery.

RTX raised its full-year 2026 adjusted EPS guidance to a range of $7.65 to $7.75, with a midpoint of $7.70 that exceeds the analyst consensus of $7.25. The company also increased its revenue outlook to $97.0 billion to $97.5 billion, compared to the previous estimate of $96.2 billion. The guidance midpoint of $97.25 billion surpasses analyst expectations of $96.2 billion.

"Our strong execution and operational focus in the third quarter enabled RTX to deliver double-digit organic sales growth across commercial aerospace and defense," said RTX Chairman and CEO Chris Calio. "Given our performance year to date, we are again raising our full year outlook for adjusted sales, adjusted EPS, and free cash flow."

The company reported record backlog of $340 billion, including $176 billion in commercial orders and $164 billion in defense contracts. Collins Aerospace sales increased 10% to $8.4 billion, driven by 23% growth in commercial OE and 9% growth in commercial aftermarket. Pratt & Whitney revenue rose 10% to $9.2 billion, while Raytheon sales climbed 14% to $8.0 billion.

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