Analyst Consensus ?
ConsensusHold29 ratings
Bullish1448.3%
Neutral1551.7%
Bearish00.0%
Textron Inc. · TXT · FY2026 Q3 · Calendar Q4 2026
Textron raises outlook as Aviation and Systems deliver double-digit growth
The supplied Q3 analysis supports a constructive but execution-dependent view: stronger Aviation and Systems demand, aftermarket activity and defense programs supported raised outlooks, while supply-chain constraints, MV-75 funding and the industrial separation remain material tests.
Reported Before market openNYSEIndustrials
$13.47B market cap
80quality score
Earnings scorecard
Reported versus consensus
Reported EPS
—
Consensus $1.43
EPS surprise
—
Reported versus consensus
Reported revenue
—
Consensus $3.77B
Revenue surprise
—
Reported versus consensus
Market reaction
prior-close to event-session close
Stock move
+14.2%
Event window
SPY move
-0.4%
Same window
Abnormal move
+14.6%
Stock minus SPY
Volume
0.9×
Versus trailing sessions
Subsequent drift
0.0%
Up to 20 sessions
TXTSPY benchmark
Ask FN2 about TXT FY2026 Q3
Transcript, numbers and history already loaded
What drove TXT's +14.2% move after FY2026 Q3 earnings?What changed in TXT's guidance and outlook in FY2026 Q3?Give me the bull and bear case for TXT after FY2026 Q3 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
Compared with the prior-quarter analysis, guidance sentiment moved from maintained to raised. Q3 analysis also highlighted 14% Aviation revenue growth, 16% Systems revenue growth, a $100 million capex reduction, congressional approval of the $350 million MV-75 ATR request, and the SkyCourier UX concept.
Guidance delta
Management raised the full-year adjusted EPS outlook to $6.55-$6.65 and the cash-flow target to $800-$900 million, citing strong performance and lower capex.
Key takeaways
- Management reported Q3 revenue of $3.8 billion, adjusted EPS of $1.76 and manufacturing cash flow of $418 million.
- Aviation revenue grew 14% and Systems revenue grew 16%, supported by deliveries, aftermarket activity and defense-related programs.
- Management raised full-year adjusted EPS and cash-flow targets, while reducing capex by $100 million.
- MV-75 funding, supply-chain improvements and the industrial segment separation remain the main execution watchpoints.
Management priorities
- Increase Aviation throughput through automation, wing-cell tooling and King Air digitization.
- Advance Gen3 light jets, Denali, MV-75 and the SkyCourier UX concept.
- Use dual-sourcing and other supply-chain actions to improve delivery rates in 2027.
- Complete the industrial segment separation within the next 12-18 months.
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Analyst 52W Price Targets
$89.07Current
$68Low
$94.69Average
$110High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Oct 29, 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 |
|---|---|---|---|---|
| Morgan Stanley | Equal Weight | Equal Weight | Maintain | Oct 19, 2026 |
| 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 |
| 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 current price $89.07. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Morgan Stanley | Analyst unavailable | $86 | $75.15 | -3.4% | Oct 16, 2026 |
| UBS | Gavin Parsons | $95 | $89.96 | +6.7% | Jul 29, 2026 |
| Morgan Stanley | Kristine Liwag | $98 | $89.96 | +10.0% | Jul 29, 2026 |
| Morgan Stanley | Kristine Liwag | $97 | $89.5 | +8.9% | Jul 15, 2026 |
| UBS | Analyst unavailable | $100 | $92.78 | +12.3% | May 4, 2026 |
| Morgan Stanley | Analyst unavailable | $109 | $94.08 | +22.4% | May 4, 2026 |
| Bernstein | Douglas Harned | $108 | $100.25 | +21.2% | Feb 19, 2026 |
| Jefferies | Analyst unavailable | $110 | $88.06 | +23.5% | Feb 1, 2026 |
| Morgan Stanley | Kristine Liwag | $92 | $88.2 | +3.3% | Jan 29, 2026 |
| Susquehanna | Charles Minervino | $110 | $93.49 | +23.5% | Jan 15, 2026 |
| UBS | Analyst unavailable | $99 | $93.86 | +11.1% | Jan 15, 2026 |
| Jefferies | Analyst unavailable | $115 | $93.62 | +29.1% | Jan 15, 2026 |
| Bernstein | Analyst unavailable | $94 | $89.15 | +5.5% | Jan 6, 2026 |
| Bernstein | Douglas Harned | $90 | $80.48 | +1.0% | Oct 27, 2025 |
| UBS | Analyst unavailable | $89 | $79.88 | -0.1% | Oct 24, 2025 |
| Susquehanna | Charles Minervino | $90 | $75.6 | +1.0% | Jan 8, 2025 |
| Jefferies | Sheila Kahyaoglu | $100 | $81.77 | +12.3% | Oct 30, 2024 |
| Morgan Stanley | Kristine Liwag | $95 | $83.46 | +6.7% | Aug 8, 2024 |
| UBS | Gavin Parsons | $87 | $92.62 | -2.3% | Jul 19, 2024 |
| Goldman Sachs | Analyst unavailable | $93 | $70.17 | +4.4% | Dec 15, 2022 |
| Susquehanna | Analyst unavailable | $84 | $65.38 | -5.7% | Jul 29, 2022 |
| Barclays | Analyst unavailable | $85 | $70.02 | -4.6% | May 2, 2022 |
| Capital One Financial | Jonathan Raviv | $68 | $64.17 | -23.7% | Apr 30, 2021 |
Track every rating change on TXT the moment it posts. Free to start.
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
All TXT earningsIndustrials peers this season
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|---|---|---|---|---|
| CP Canadian Pacific Kansas City Ltd. | FY2026 Q3 · Calendar Q4 2026 | -3.2% | -1.9% | CPKC posts record Q3 as land bridge and freight volumes expand |
| LII Lennox International Inc. | FY2026 Q3 · Calendar Q4 2026 | -7.1% | -10.6% | Lennox grows revenue but cuts outlook as margins face pressure |
| IEX IDEX Corporation | FY2026 Q3 · Calendar Q4 2026 | +4.0% | +2.3% | IDEX raises 2026 outlook as advantage-market demand stays strong |
| CHRW C.H. Robinson Worldwide, Inc. | FY2026 Q3 · Calendar Q4 2026 | +2.9% | -11.1% | C.H. Robinson expands margins as Lean AI and RXO integration advance |
| VRT Vertiv Holdings Co | FY2026 Q3 · Calendar Q4 2026 | +21.4% | +16.5% | Vertiv raises 2026 guidance as AI infrastructure orders accelerate |
| CLH Clean Harbors, Inc. | FY2026 Q3 · Calendar Q4 2026 | +20.6% | +0.1% | Clean Harbors Raises 2026 EBITDA Guidance After Record Q3 |
Latest beats and misses
Who reports nextBeat on EPS
- GENFY2027 Q2 · October 28, 2026+2.9% EPS+11.2% move
- KLACFY2027 Q1 · October 28, 2026+2.5% EPS+7.3% move
- SANFY2026 Q3 · October 28, 20260.0% EPS-6.3% move
- FFY2026 Q3 · October 28, 2026+19.5% EPS+1.4% move
- EQIXFY2026 Q3 · October 28, 2026+20.0% EPS+5.4% move
- EBAYFY2026 Q3 · October 28, 2026+7.1% EPS+0.2% move
Missed on EPS
- AWKFY2026 Q3 · October 28, 2026-2.0% EPS+1.1% move
- CPFY2026 Q3 · October 28, 2026-3.2% EPS-1.9% move
- LIIFY2026 Q3 · October 28, 2026-7.1% EPS-10.6% move
- EXRFY2026 Q3 · October 27, 2026-1.7% EPS+0.1% move
- NOWFY2026 Q3 · October 28, 2026-2.0% EPS-3.0% move
- CMGFY2026 Q3 · October 28, 2026-7.1% EPS+2.7% move
Get the TXT recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-10-29T16:05:56.341155+00:00
- FN2 earnings calendar · 2026-10-29T01:23:20.584741+00:00
- Polygon adjusted daily market bars · 2026-10-29T16:40:43.214580+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-10-29T16:40:43.211888+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 2026-10-29. For educational purposes only; not investment advice.