RTX's second quarter revenue of $24.7B and EPS of $1.89 significantly beat estimates, prompting raised 2026 guidance.

RTX reported second quarter 2026 sales of $24.7 billion, up 16 percent organically year-over-year, and adjusted EPS of $1.89. Both figures significantly exceeded analyst expectations. The company raised its full-year 2026 guidance for sales, adjusted EPS, and free cash flow.

Key Highlights

• Raised full-year 2026 adjusted sales guidance to $95.0 - $96.0 billion (from $92.5 - $93.5 billion) and adjusted EPS to $7.10 - $7.25 (from $6.70 - $6.90).
• Total company backlog grew 22 percent year-over-year to $289 billion, comprised of $170 billion in commercial and $119 billion in defense.
• All segments saw strong growth, with Raytheon sales up 18 percent, Pratt & Whitney up 16 percent, and Collins Aerospace up 13 percent organically.
• Free cash flow was strong at $2.9 billion for the quarter, contributing to a raised and narrowed full-year outlook of $8.50 - $8.75 billion.