RTX Corporation · RTX · Next earnings

RTX Corporation reports Tuesday, Oct 20, 2026

RTX reports before market open with consensus EPS at $1.75 and revenue at $24.01B. Last quarter: RTX Q2 2026: Record $289B Backlog, Raised Guidance as Defense and GTF Aftermarket Accelerate

Reports Before market open30 days awayDate estimated Industrials

What the street expects

Consensus for the coming report
Consensus EPS $1.75 Calendar consensus
Consensus revenue $24.01B Calendar consensus
Report date Oct 20, 2026 Tuesday, date estimated
Session Before market open 30 days away

Where RTX left off: FY2026 Q2

Full report

RTX Q2 2026: Record $289B Backlog, Raised Guidance as Defense and GTF Aftermarket Accelerate

EPS surprise +13.9% Reported $1.89 vs $1.66
Revenue surprise +7.9% Reported $24.71B vs $22.89B
Stock move +7.3% Event window
Subsequent drift +4.4% Up to 20 sessions

Full-year guidance raised across all metrics: adjusted sales to $95-96B, adjusted EPS to $7.10-$7.25, and free cash flow to $8.5-$8.75B. Capex outlook is increasing, with $100M for GEM-T production, $100M for Pratt MRO expansion, and additional capacity for LTAMDS and GTF Advantage.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Uncertainty around final U.S. defense budget allocations and timing of framework agreement conversions
  • Working-capital headwinds due to inventory buildup for H2 ramp and early 2027 demand
  • Potential supply-chain constraints for high-rate production of missile and engine programs
  • Commercial OE mix pressure, particularly in Pratt narrow-body engine mix
  • Legacy engine shop-visit declines (PW4000, V2500) requiring careful management

Questions analysts left open

  • Why free cash flow top-end guidance was not raised despite strong Q2 cash generation
  • Drivers behind the expected slowdown in revenue growth in the second half
  • Reasons for the decline in Pratt commercial OE sales and mix effects
  • Margin outlook for Raytheon Defense and the sustainability of shop-visit demand for legacy engines
  • Capital deployment priorities following the Blue Canyon divestiture

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Recent RTX quarters

All RTX earnings
+7.3%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.