RTX Raises 2026 Sales and EPS Outlook After 10% Organic Q1 Growth

RTX raised its 2026 adjusted sales and adjusted earnings outlook on Tuesday after reporting 10% organic sales growth in the first quarter, a sign of continued momentum across both its defense operations and commercial aerospace businesses.

According to RTX’s April 21 investor presentation and webcast materials, the company reported adjusted sales of $22.1 billion in Q1 2026 and adjusted EPS of $1.78. Free cash flow was $1.3 billion. RTX raised its full-year adjusted sales outlook to $92.5 billion to $93.5 billion, from $92.0 billion to $93.0 billion, and increased its adjusted EPS outlook to $6.70 to $6.90, from $6.60 to $6.80. It confirmed 2026 free-cash-flow guidance of $8.25 billion to $8.75 billion.

The quarter also pointed to sustained demand and improving operating performance. RTX said backlog reached $271 billion, up 25% from a year earlier, while its book-to-bill ratio was 1.14, meaning orders exceeded revenue in the period. The company said adjusted segment operating profit rose about 14% year over year, and consolidated segment margin expanded by about 70 basis points. Its presentation also indicated adjusted EPS increased about 21% from a year earlier.

Across the businesses, RTX said Collins Aerospace delivered about 10% organic sales growth and Pratt & Whitney also posted about 10% organic sales growth. At Raytheon, the company highlighted sales growth and profit improvement as demand for defense systems stayed firm. Operationally, RTX said PW1100 maintenance, repair and overhaul output increased 23% from a year earlier, while munitions output at Raytheon rose more than 40%.

The results matter beyond one quarter because RTX is one of the largest U.S. aerospace and defense companies, spanning commercial aviation systems, aircraft engines and military platforms. Formed through the 2020 merger of United Technologies and Raytheon, the company now operates through Collins Aerospace, Pratt & Whitney and Raytheon. That mix leaves RTX exposed to two of the industry’s strongest currents: rising demand for missiles and munitions, and the continued recovery in commercial aerospace, especially in engine maintenance and aftermarket services.

RTX said it is continuing to invest in additional production capacity, including in Columbus, Georgia, and Huntsville, Alabama, as it supports higher output over time. In its investor materials, the company pointed to production ramps and longer-term investment tied to programs including Tomahawk, AMRAAM, the Standard Missile family and the Coyote counter-unmanned aircraft system effector. RTX’s materials also continued to reference the previously disclosed Pratt & Whitney PW1100G powder-metal issue, which has led to added inspections and shop visits, as part of its risk backdrop.

RTX published its first-quarter 2026 earnings materials on April 21 and scheduled its earnings webcast for 8:30 a.m. ET, according to its investor events page.