RTX Corporation Q2 FY26 Results — Earnings Call Analysis

Q2 FY26 earnings call: what management guided on revenue, margins and order book.

Price₹179

Market cap₹2.4L Cr

P/E33.6

Published29 May 2026

What the Q2 FY26 call signalled

2 of 4 strong

RevenueRank 3

MarginRank 3

CapexYes

Order bookYes

Not discussed on this call: fundraise.

The short version

- RTX expects 5%-6% organic sales growth for the full year 2026. - Full year adjusted sales outlook raised to $92.5 billion to $93.5 billion, a $500 million increase.

From RTX Corporation's Q2 FY26 earnings-call transcript · updated 29 May 2026.

Revenue & Sales Performance

Rank 3

RTX expects 5%-6% organic sales growth for the full year 2026.
Commercial OE sales projected to grow mid-single digits.
Commercial aftermarket sales expected to grow high single digits.
Defense sales anticipated to grow mid to high single digits, revised up from mid-single digits.
Pratt & Whitney expects mid to high single-digit large commercial engine delivery growth.
Raytheon forecasts high single-digit sales growth driven by land, air defense systems, and naval programs.
Collins anticipates mid-single digit sales growth and high single-digit organic growth.
Continued investments planned to expand capacity at key facilities supporting OE and MRO demand.
Munitions production at Raytheon up over 40% year-over-year, with ongoing ramp-up expected.
Long-term growth supported by framework agreements enhancing supply chain investment and production efficiencies.

Profitability & Margins

Full year adjusted sales outlook raised to $92.5 billion to $93.5 billion, a $500 million increase.
Organic sales growth expected at 5% to 6% for the full year.
Commercial OE sales expected to grow mid-single digits; commercial aftermarket sales to grow high single digits.
Defense sales growth forecasted at mid to high single digits, increased from prior mid-single digit expectation.
Adjusted earnings per share (EPS) outlook increased by $0.10 to a range of $6.70 to $6.90 for the full year.
Operating profit growth anticipated between $225 million and $325 million versus 2025.
Raytheon segment operating profit growth forecasted between $275 million and $375 million, up from $200 million to $300 million prior.
Continued investment in capacity and innovation to support long-term growth.

See what RTX Corporation said on profitability & margins — free account, 30 seconds.

Capital Expenditure Plans

Yes

Pratt announced a $200 million investment to expand capabilities at its Columbus, Georgia facility, increasing output of critical parts like rotating compressor and turbine discs for commercial and military engines (Page 3).
Raytheon completed a $115 million expansion of its Redstone Missile integration facility in Huntsville, boosting munitions capacity by over 50% to support multiple systems including the standard missile family (Page 3).
Collins launched a capacity expansion to support a new FAA radar contract and other air traffic modernization projects (Page 3).
Raytheon is making investments in locations such as Huntsville, Andover, and McKinney, Texas, for capacity expansion, tooling, test equipment, and labor to meet growing defense demand and framework agreements (Pages 2 and 13).
Plans to invest in new forging press in Columbus, Georgia, and a new powder production tower at HMI facility in New York, plus turbine airfoil ramp-up at Asheville to meet OE and MRO demand (Page 14).

Fundraising & Capital Structure

The call transcript does not mention any current or planned fundraising through debt or equity.
The company paid down $500 million of debt in the quarter, indicating a focus on deleveraging and strengthening the balance sheet.
Free cash flow remains strong and they are on track with their deleveraging expectations.
There is no indication of new debt issuance or equity offerings in the discussed period.
The approach suggests prioritizing cash flow and debt reduction over raising new capital.

See what RTX Corporation said on fundraising & capital structure — free account, 30 seconds.

Order Book & Pipeline

Yes

Raytheon's backlog stands at $74 billion as of Q1, with bookings of $6.6 billion in the quarter and a rolling 12-month book-to-bill ratio of 1.48.
Pratt & Whitney’s GTF program has a backlog of about 8,000 engines.
The GTF-powered aircraft surpassed 2,700 deliveries, with Pratt powering approximately 45% of the A320 deliveries, exceeding the program share of roughly 40%.
Discussions with Airbus regarding engine volumes are ongoing, with expectations to deliver a record number of GTF engines this year while maintaining delivery share above program share.
Long-term framework agreements in defense (Raytheon) are under negotiation and expected to provide visibility and demand certainty supporting investments and supply chain growth.
Raytheon's missile systems and munitions businesses are seeing strong demand; framework agreements will help secure long-term firm demand to support production ramp-up.

How does RTX Corporation rank vs peers in Aerospace and Defense?

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ThisRTX Corporation

Rev 3Mar 3

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Frequently Asked Questions

What were RTX Corporation Q2 FY26 results?

- RTX expects 5%-6% organic sales growth for the full year 2026. - Full year adjusted sales outlook raised to $92.5 billion to $93.5 billion, a $500 million increase.

What is RTX Corporation share price analysis?

RTX Corporation currently shows a below-average growth signal. The stock trades at a P/E of 33.6 with a market cap of $241,002. Investors should review the full earnings analysis for detailed insights.

Is RTX Corporation planning capital expenditure?

- Pratt announced a $200 million investment to expand capabilities at its Columbus, Georgia facility, increasing output of critical parts like rotating compressor and turbine discs for commercial and military engines (Page 3).

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This analysis is AI-generated based on publicly available earnings data and concall transcripts. This is not investment advice. Please consult a SEBI-registered advisor before making investment decisions.