RTX · Earnings call · 2026Q3T · Full report
Guidance / Outlook
RTX Corp · 2026-10-20 · Importance 80 · Surprise 68 · No source text
RTX raised its 2026 adjusted sales outlook by $1.5 billion to $2.0 billion to a range of $97.0 billion to $97.5 billion, versus the prior $95 billion to $96 billion range. Organic sales growth is now expected at 10% to 11%, with low-double-digit defense growth, high-single-digit commercial OE growth, and low-double-digit to low-teens commercial aftermarket growth. Adjusted EPS guidance increased to $7.65 to $7.75 from $7.10 to $7.25, while free cash flow guidance increased to $9.0 billion to $9.2 billion from $8.5 billion to $8.75 billion. Management expects another year of revenue and earnings growth, improving margins, and strong free cash flow in 2027, with detailed guidance to be provided in January.
Key facts
- RTX raised its full-year adjusted sales outlook to a new range of $97 billion to $97.5 billion, up from a prior range of $95 billion to $96 billion.
- RTX now expects full-year organic sales growth between 10% and 11%, up from prior range of 8% to 9%.
- Raytheon now expects sales to grow low teens on both an adjusted and organic basis and operating profit to grow between $800 million and $850 million versus 2025, up from a prior expectation of $575 million to $650 million.
- RTX now expects full-year adjusted EPS between $7.65 and $7.75, up from prior range of $7.10 to $7.25.
- Management sees no change to the shop-visit outlook in the fourth quarter.
- RTX Corp is right on track to the rate of about 800 shop visits for 2026 through the end of the third quarter.
- Management expects some more international orders in the fourth quarter.
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| revenue | positive | committed | +6.0% | RTX raised its full-year adjusted sales outlook to a new range of $97 billion to $97.5 billion, up from a prior range of $95 billion to… |
| revenue | positive | committed | +1.7% | RTX now expects full-year organic sales growth between 10% and 11%, up from prior range of 8% to 9%. |
| operating_income | positive | committed | +0.7% | Raytheon now expects sales to grow low teens on both an adjusted and organic basis and operating profit to grow between $800 million and… |
| net_income | positive | committed | — | RTX now expects full-year adjusted EPS between $7.65 and $7.75, up from prior range of $7.10 to $7.25. |