Textron Inc. · TXT · FY2025 Q1 · Calendar Q2 2025
Textron leans on Bell momentum and a post-strike aviation ramp
The transcript supports a cautiously constructive operating case: Bell demand, aviation production recovery, aftermarket growth, and defense programs provide identifiable growth drivers, but industrial weakness, tariff uncertainty, cash-flow execution, and defense funding timing remain material offsets.
Earnings scorecard
Reported versus consensusMarket reaction
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Transcript intelligence
What changed
Compared with the prior-quarter analysis, Textron reported Bell-led growth and maintained its full-year outlook while pointing to progress in aviation production, new contracts, Denali certification, the Nuva V300 program, and completion of the Arctic Cat divestiture.
Guidance delta
Maintained: management reaffirmed FY2025 adjusted EPS guidance of $6-$6.20 and manufacturing cash-flow guidance of $800-$900 million.
Key takeaways
- Revenue growth was led by Bell, while aviation grew modestly and industrial declined.
- Management highlighted new defense and commercial helicopter contracts, including production extending through 2027.
- Denali engine certification, the Nuva V300 hover flight, and the Arctic Cat divestiture were notable developments.
Management priorities
- Restore aviation production toward pre-strike productivity levels.
- Increase Bell helicopter volumes and fulfill the CMV-22 contract through 2027.
- Advance unmanned and hybrid-electric platforms while expanding aviation aftermarket services.
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Analyst 52W Price Targets
Latest persisted target per named analyst; persisted previous close from FN2's market snapshot as of Oct 13, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| TD Cowen | Buy | Buy | Maintain | Oct 9, 2026 |
| Citigroup | Neutral | Neutral | Maintain | Oct 7, 2026 |
| UBS | Neutral | Neutral | Maintain | May 4, 2026 |
| JP Morgan | Neutral | Neutral | Maintain | May 4, 2026 |
| Jefferies | Buy | Buy | Maintain | Apr 7, 2026 |
| Bernstein | Market Perform | Market Perform | Maintain | Feb 19, 2026 |
| Freedom Broker | Buy | Buy | Maintain | Oct 29, 2025 |
| Barclays | Overweight | Overweight | Maintain | Jul 29, 2025 |
| Susquehanna | Positive | Positive | Maintain | Jul 25, 2025 |
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Jul 17, 2025 |
| Goldman Sachs | Neutral | Buy | Downgrade | Jul 1, 2025 |
| B of A Securities | Neutral | Buy | Downgrade | Jan 24, 2025 |
| Baird | Outperform | Outperform | Maintain | Jan 23, 2025 |
| Veritas Research | Hold | Buy | Downgrade | May 24, 2023 |
| Alembic Global | Neutral | Overweight | Downgrade | May 1, 2023 |
| Wolfe Research | Perform | Peer Perform | Maintain | Apr 6, 2023 |
| Credit Suisse | Neutral | Neutral | Maintain | Feb 14, 2022 |
| Cowen & Co. | Outperform | Market Perform | Upgrade | Aug 31, 2021 |
| Bank of America | Neutral | Buy | Downgrade | Oct 22, 2019 |
| Vertical Research | Hold | Buy | Downgrade | Sep 27, 2019 |
| Wells Fargo | Outperform | Outperform | Maintain | Oct 19, 2018 |
| Drexel Hamilton | Buy | Hold | Upgrade | Sep 11, 2017 |
| Stephens & Co. | Equal Weight | Equal Weight | Maintain | Apr 13, 2017 |
| Deutsche Bank | Hold | Hold | Maintain | Dec 5, 2016 |
| Nomura | Buy | Neutral | Upgrade | Mar 6, 2015 |
| Stifel Nicolaus | Buy | Hold | Upgrade | Sep 26, 2014 |
| Stifel | Buy | Hold | Upgrade | Sep 26, 2014 |
| RBC Capital | Outperform | Sector Perform | Upgrade | Jan 7, 2013 |
| Early Bird Capital | Buy | Buy | Maintain | Jul 19, 2012 |
Named analyst price targets
Upside is calculated against the persisted previous close $75.78. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| UBS | Gavin Parsons | $95 | $89.96 | +25.4% | Jul 29, 2026 |
| Morgan Stanley | Kristine Liwag | $98 | $89.96 | +29.3% | Jul 29, 2026 |
| Morgan Stanley | Kristine Liwag | $97 | $89.5 | +28.0% | Jul 15, 2026 |
| UBS | Analyst unavailable | $100 | $92.78 | +32.0% | May 4, 2026 |
| Morgan Stanley | Analyst unavailable | $109 | $94.08 | +43.8% | May 4, 2026 |
| Bernstein | Douglas Harned | $108 | $100.25 | +42.5% | Feb 19, 2026 |
| Jefferies | Analyst unavailable | $110 | $88.06 | +45.2% | Feb 1, 2026 |
| Morgan Stanley | Kristine Liwag | $92 | $88.2 | +21.4% | Jan 29, 2026 |
| Susquehanna | Charles Minervino | $110 | $93.49 | +45.2% | Jan 15, 2026 |
| UBS | Analyst unavailable | $99 | $93.86 | +30.6% | Jan 15, 2026 |
| Jefferies | Analyst unavailable | $115 | $93.62 | +51.8% | Jan 15, 2026 |
| Bernstein | Analyst unavailable | $94 | $89.15 | +24.0% | Jan 6, 2026 |
| Bernstein | Douglas Harned | $90 | $80.48 | +18.8% | Oct 27, 2025 |
| UBS | Analyst unavailable | $89 | $79.88 | +17.4% | Oct 24, 2025 |
| Susquehanna | Charles Minervino | $90 | $75.6 | +18.8% | Jan 8, 2025 |
| Jefferies | Sheila Kahyaoglu | $100 | $81.77 | +32.0% | Oct 30, 2024 |
| Morgan Stanley | Kristine Liwag | $95 | $83.46 | +25.4% | Aug 8, 2024 |
| UBS | Gavin Parsons | $87 | $92.62 | +14.8% | Jul 19, 2024 |
| Goldman Sachs | Analyst unavailable | $93 | $70.17 | +22.7% | Dec 15, 2022 |
| Susquehanna | Analyst unavailable | $84 | $65.38 | +10.8% | Jul 29, 2022 |
| Barclays | Analyst unavailable | $85 | $70.02 | +12.2% | May 2, 2022 |
| Capital One Financial | Jonathan Raviv | $68 | $64.17 | -10.3% | Apr 30, 2021 |
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Start freeCompany context
Snapshot as of publicationTextron Inc. (TXT) is a diverse global enterprise with significant involvement in the aerospace, defense, industrial, and financial sectors. Its Textron Aviation division is responsible for the production, sale, and maintenance of a variety of aircraft, including corporate jets, turboprop and piston-engine planes, and military trainer and defense aircraft. This segment also delivers extensive maintenance, inspection, and repair services, alongside selling commercial aircraft components. The Bell segment stands as a primary provider of military and civilian helicopters, in addition to tiltrotor aircraft, supported by related spare parts and services. Textron Systems focuses on developing and supplying advanced unmanned aerial platforms, sophisticated electronic systems and solutions, specialized marine vessels, piston aircraft engines, realistic live military air-to-air and air-to-ship training systems, weaponry and associated components, and a range of armored and specialty vehicles.…
Historical context
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Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2025-04-10T00:01:43.729046+00:00
- Polygon adjusted daily market bars · 2026-10-13T10:50:40.989071+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-13T10:50:40.986375+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-10-13. For educational purposes only; not investment advice.