RTX posts Q1 2026 results

ARLINGTON, Va. — RTX posted higher sales and earnings in the first quarter and raised its full-year outlook for adjusted revenue and profit, citing strength across all three business segments and progress converting its record backlog.

The company reported sales of $22.1 billion, up 9% from a year earlier, or 10% on an organic basis. GAAP earnings per share were $1.51, including $0.27 of acquisition accounting adjustments. Adjusted EPS rose 21% to $1.78. Operating cash flow was $1.9 billion and free cash flow was $1.3 billion. Backlog stood at $271 billion, split between $162 billion in commercial and $109 billion in defense.

“RTX delivered a very strong start to 2026 with organic sales and adjusted operating profit growth across all three segments, driven by our continued focus on execution and delivering our backlog,” said RTX Chairman and CEO Chris Calio. “Our differentiated products across RTX are well positioned to support our customers’ needs and we’re making significant investments to increase output and accelerate the fielding of new capabilities. Given our first quarter performance and the strength we’re seeing in our defense business, we are increasing adjusted sales and EPS in our full year outlook.”

For 2026, the company now expects adjusted sales of $92.5 billion to $93.5 billion, up from $92.0 billion to $93.0 billion, with organic sales growth of 5% to 6%. Adjusted EPS guidance increased to $6.70 to $6.90 from $6.60 to $6.80. RTX reaffirmed its free cash flow outlook of $8.25 billion to $8.75 billion.

Net income attributable to common shareowners was $2.1 billion, which included $0.4 billion of acquisition accounting adjustments. Adjusted net income rose 22% to $2.4 billion, driven by adjusted segment operating profit growth across all three segments and lower interest and tax expense. Capital expenditures were $0.5 billion.

Collins Aerospace sales rose 5% to $7.6 billion, with adjusted operating profit up 6% to $1.30 billion. Excluding divestitures, Collins saw a 15% increase in commercial original equipment, a 7% increase in commercial aftermarket, and a 9% increase in defense. Higher narrowbody and widebody volumes supported commercial OE, while provisioning and parts and repairs led aftermarket growth, partly offset by lower modifications and upgrades. Profit benefited from higher commercial and defense volume and lower R&D, offset by unfavorable OE mix, the 2025 divestitures and higher tariffs. Reported operating profit growth also reflected higher restructuring charges in the prior-year period tied to cost transformation.

Pratt & Whitney sales increased 11% to $8.17 billion, as commercial aftermarket rose 19% and military grew 7%, partly offset by a 1% decline in commercial OE on lower engine deliveries. Adjusted operating profit rose 21% to $711 million, driven by higher aftermarket and military volume, partly offset by higher operational costs, including tariffs, and increased SG&A.

Raytheon sales advanced 10% to $6.95 billion on higher volume in land and air defense systems, including Patriot and GEM-T, and higher naval munitions volume. Adjusted operating profit rose 25% to $845 million on favorable program mix, increased volume across land, air and naval programs, and improved net productivity.

RTX will host a webcasted conference call on first-quarter results at 8:30 a.m. ET on Tuesday, April 21, with a replay and presentation slides available at www.rtx.com.

Adjusted sales, adjusted operating profit, adjusted EPS, adjusted net income, organic sales growth and free cash flow are non-GAAP financial measures. RTX provides definitions of these measures and notes that reconciliations for forward-looking metrics are unavailable without unreasonable effort due to the potential variability of excluded items.