Wall Street analysts project that RTX’s revenue for the quarter ended December 2025 will reach $19.8 billion, representing a year-over-year increase of approximately 4.5%. This forecast reflects continued strength in the company’s Pratt & Whitney commercial engine services business, which is expected to deliver revenue growth of nearly 8%, and stable performance in the defense segment, where sales are seen rising by about 3%.

Consensus estimates peg adjusted earnings per share for the quarter at $1.90, up from $1.75 in the prior-year period. This 8.6% increase is driven by operational leverage in after-market services and cost-savings initiatives that management rolled out earlier in the year, targeting $1.2 billion in annualized efficiencies by mid-2026.

Analysts forecast free cash flow of $2.4 billion for Q4, compared with $2.1 billion in the same quarter last year. The anticipated improvement stems from tighter working-capital management and reduced capital expenditures, which are expected to total $850 million for the period—down nearly 10% year-over-year.

RTX’s defense division is believed to have added $6.2 billion in new orders during the quarter, lifting its total backlog to roughly $115 billion. Key wins are said to include contracts for next-generation missile systems and avionics upgrades for allied air forces, underlining robust demand for the company’s core military platforms.