RTX Corporation (NYSE: RTX) reported first-quarter 2026 results on Tuesday, with shares trading lower following the release. The company beat analyst expectations on both revenue and adjusted EPS.
Adjusted EPS was $1.78, topping the $1.52 estimate, while sales of $22.1 billion exceeded the $21.446 billion estimate. GAAP EPS rose 32% to $1.51 from $1.14, including $0.27 of acquisition accounting adjustments.
Strong Sales And Profit Growth
Sales increased 9% year over year to $22.1 billion, up 10% organically.
Net income attributable to common shareowners rose 34% to $2.1 billion, while adjusted net income increased 22% to $2.4 billion, driven by operating profit growth across all segments as well as lower interest and tax expense.
Operating cash flow rose 42% to $1.9 billion, capital expenditures were $0.5 billion, and free cash flow increased 65% to $1.3 billion.
Cash and cash equivalents were $6.8 billion at quarter-end, and total debt was about $37.4 billion. The backlog stood at $271 billion, including $162 billion in commercial and $109 billion in defense.
Segment Performance Overview
Collins Aerospace sales rose 5% to $7.6 billion, with adjusted operating profit up 6% to $1.3 billion …