TXT
FY2026 Q1 · Calendar Q2 2026
Textron Inc.
Textron opened fiscal 2026 with a double beat — EPS of $1.45 vs. $1.30 consensus and revenue of $3.7B vs. $3.5B — driven by 12% top-line growth and 10% segment profit expansion. The quarter's strategic centerpiece is the planned separation of the Industrial segment into a standalone public company within 12-18 months, which would leave a pure-play Aerospace & Defense franchise anchored by Bell, Textron Aviation, and Textron Systems. The A&D backlog stands at $19.2B, and the Army's FY27-31 budget includes up to $3.8B for MV-75 Cheyenne procurement, giving the defense business growing visibility. Guidance was maintained this quarter, a step down from the raised outlook issued in Q4. The stock rallied 6.9% on the report but has since drifted 4.4% lower; at $87.09 it trades roughly 15% below the consensus price target of $102.75, reflecting the market's weighing of separation execution…
EPS surprise+11.5%
Market move+6.9%
