RTX Beats Q2 Estimates and Lifts Full-Year Targets

Overview

• RTX reported Q2 adjusted earnings per share of $1.89 and revenue of $24.7 billion, beating analyst estimates according to the company’s July 23 report.
• The company raised its full-year 2026 guidance to $7.10–$7.25 in adjusted EPS and $95–$96 billion in revenue, with organic sales growth now forecast at 8–9%.
• RTX said its total order backlog grew 22% to $289 billion, split roughly $170 billion in commercial aerospace orders and $119 billion in defense contracts, giving multi‑year contracted work visibility.
• Operational cash was strong in the quarter with $3.5 billion in operating cash flow and $2.9 billion in free cash flow, and full-year free cash flow was nudged to $8.50–$8.75 billion.
• Shares jumped about 5.8% in premarket trading after the results, but the stock trades at an elevated P/E near 36.6 and insiders sold roughly $43.86 million of stock over the past 12 months, factors investors may weigh.