RTX Raises 2026 Outlook After Posting 9% Sales Growth in Q1
RTX posted Q1 2026 sales of $22.1B, up 9% year-on-year and 10% organically, with adjusted EPS at $1.78, a 21% increase. Free cash flow reached $1.3B and backlog hit $271B, prompting a raised 2026 outlook to $92.5–93.5B in sales and $6.70–6.90 adjusted EPS.
1. Q1 2026 Financial Results
RTX reported Q1 sales of $22.1B, up 9% year-on-year and 10% organically, with GAAP EPS of $1.51 and adjusted EPS of $1.78, up 21%. Operating cash flow was $1.9B, free cash flow $1.3B, and adjusted net income rose to $2.4B.
2. Segment Performance
Collins Aerospace delivered $7.6B in sales, up 5% with a 17.2% ROS, driven by 15% commercial OE growth and 9% defense gains. Pratt & Whitney sales grew 11% to $8.2B with an 8.7% ROS, fueled by a 19% increase in commercial aftermarket revenues.
3. Backlog and Outlook
Total backlog reached $271B, including $162B in commercial and $109B in defense orders. RTX raised its 2026 guidance to $92.5–93.5B in adjusted sales, 5–6% organic growth, and $6.70–6.90 adjusted EPS while confirming $8.25–8.75B in free cash flow.