RTX · Full Picture
RTX Corp — the full picture
Earnings window · 2026-07-02 to 2026-09-24 · anchored on the 10-Q report
One earnings window, everything merged: the filing, the call, press releases and news digests, folded into ranked threads.
What to look at first
- Revenue Performance and Mix · Revenue growth & mixPriority 94+1.6% revenue; 3 sources (news, press_release, sec_filing); 6 forward row(s); structured_verifiedRTX won a $22.9 billion Tomahawk missile contract (reported as a recent contract win).
- Defense Contract Awards · UnclassifiedPriority 87+185.8% revenue; 2 sources (news, sec_filing); 4 forward row(s); structured_verifiedDefense bookings were approximately $23 billion for the quarter ended June 30, 2026 and $12 billion for the quarter ended June 30, 2025; and approximately $37 billion and $21 billion for the six months ended June 30, 2026 and 2025, respectively.
- Order Backlog and Book-to-Bill · Demand, orders & backlogPriority 87+42.5% revenue; 3 sources (news, press_release, sec_filing); 3 forward row(s); quote_verifiedRTX highlighted a $289 billion backlog that was up 22% from a year earlier.
- Guidance / Outlook · Guidance & outlookPriority 83+8.6% revenue; 2 sources (news, press_release); 7 forward row(s); quote_verifiedRTX now projects 2026 adjusted sales between $95 billion and $96 billion.
- Tomahawk Missile Contract · UnclassifiedPriority 83+84.8% revenue; 2 forward row(s); quote_verifiedRTX Corp secured a $22.9 billion Tomahawk missile contract with the U.S. Navy.
- Commercial Aerospace Demand Trends · Demand, orders & backlogPriority 71+5.8% revenue (realized); 3 sources (news, press_release, sec_filing); 1 forward row(s); structured_verifiedCommercial aerospace and other commercial sales were $11,672 million (47.2% of total net sales) for the quarter ended June 30, 2026 versus $10,240 million (47.4%) for the quarter ended June 30, 2025.
- Defense Backlog Expansion · UnclassifiedPriority 662 sources (news, press_release); 2 forward row(s); quote_verifiedRTX reported a record backlog of $289 billion.
- Operating Income and Margins · Operating income & profitabilityPriority 64+7.5% operating_income (realized); 3 sources (news, press_release, sec_filing); structured_verifiedSix months ended June 30, 2026 net income attributable to common shareowners: $4,198 million; six months ended June 30, 2025: $3,192 million.
- Defense Backlog Expansion · Demand, orders & backlogPriority 632 forward row(s); quote_verifiedRTX Corp backlog surged 22% to $289 billion.
- Operating Expense Trends · Operating expenses (SG&A)Priority 62-20.5% operating_income (realized); quote_verifiedTotal cost of sales for the quarter ended June 30, 2026 was $19,575 million (79.2% of net sales) versus $17,205 million (79.7%) for the quarter ended June 30, 2025.
- Revenue Growth and Backlog · Demand, orders & backlogPriority 621 forward row(s); quote_verifiedRTX reported a $289 billion backlog.
- Working Capital and Contract Assets · Working capitalPriority 62+24.3% revenue (realized); structured_verifiedContract assets, net at June 30, 2026: $18,980 million; at December 31, 2025: $17,092 million.
Threads by pillar
Revenue & Demand Priority 97 · 9 threads
- Order Backlog and Book-to-BillPriority 87 · News, Release, Filing
- Commercial Aerospace Demand TrendsPriority 71 · News, Release, Filing
- Defense Backlog ExpansionPriority 63 · News
- Revenue Growth and BacklogPriority 62 · News
- Missile Production DemandPriority 61 · News
- Revenue Performance and MixPriority 94 · News, Release, Filing
- Customer DynamicsPriority 52 · Filing
- Products and TechnologyPriority 36 · News
- Product Pipeline ProgressPriority 22 · News
Costs & Margins Priority 77 · 6 threads
- Operating Income and MarginsPriority 64 · News, Release, Filing
- Operating Expense TrendsPriority 62 · Filing
- Supply Chain ConstraintsPriority 41 · News, Filing
- Manufacturing Capacity ExpansionPriority 40 · News, Release
- Supplier Approval and DistributionPriority 15 · News
- Poland Investment and Workforce BasePriority 24 · News
Capital & Balance Sheet Priority 80 · 6 threads
- Working Capital and Contract AssetsPriority 62 · Filing
- Operating Cash Flow TrendsPriority 49 · News, Release, Filing
- Liquidity and Debt PositionPriority 43 · Filing
- Income Tax Rate ChangesPriority 41 · Release, Filing
- Quarterly Dividend DeclarationPriority 39 · News
- Capital ExpendituresPriority 27 · Release, Filing
Strategy & Portfolio Priority 56 · 7 threads
- Acquisition / Partnership / DivestiturePriority 38 · News, Release
- Portfolio Reshaping (M&A / Divestiture)Priority 34 · Filing
- Defense Acquisition ReformPriority 30 · Filing
- Aiir Innovations Acquisition and TechnologyPriority 19 · News
- Asia-Pacific MRO ExpansionPriority 37 · News
- SM-3 Interceptor Production ExpansionPriority 34 · News
- Strategic InitiativesPriority 24 · News
Legal, Regulatory & Policy Priority 63 · 6 threads
- China Procurement SanctionsPriority 37 · News, Filing
- Export Controls / Regulatory RiskPriority 33 · Filing
- Trade Policy and TariffsPriority 38 · Filing
- Employee Data Breach LitigationPriority 29 · News
- Powder Metal Disclosure LitigationPriority 27 · Filing
- Regulatory Compliance MonitorsPriority 36 · News, Filing
Guidance & Outlook Priority 87 · 3 threads
- Guidance / OutlookPriority 83 · News, Release
- Defense Spending OutlookPriority 54 · Filing
- SPY-6 Radar Program OutlookPriority 27 · News
Macro & Market Conditions Priority 27 · 1 thread
- Macroeconomic Factors ImpactPriority 27 · Filing
Management & Governance Priority 33 · 1 thread
- Pratt & Whitney Leadership TransitionPriority 33 · News, Release
Unclassified Priority 99 · 5 threads
- Defense Contract AwardsPriority 87 · News, Filing
- Tomahawk Missile ContractPriority 83 · News
- Defense Backlog ExpansionPriority 66 · News, Release
- F135 Sustainment ContractPriority 60 · News
- SPY-6 Radar Program MilestonePriority 59 · News
Expected impact by metric
| metric | forward net | forward gross | realized |
|---|---|---|---|
| revenue | +338.9% | +338.9% | +124.9% |
| cash | -0.1% | +1.0% | +1.7% |
| operating_income | -0.3% | +0.3% | -11.1% |
| assets | -0.1% | +0.2% | +2.7% |
| liability | -0.2% | +0.2% | +0.5% |
| margin | — | — | +3.0% |
| net_income | — | — | +6.0% |