RTX posts strong Q2 2026 earnings and lifts 2026 revenue target

American aerospace and defense giant RTX reported second‑quarter 2026 revenue of $24.7 billion, a 14 % year‑over‑year increase, and net income of $2.58 billion, up 29 % from the prior year. Adjusted earnings per share rose to $1.89, and operating cash flow reached $2.9 billion, well above analyst expectations. All three business segments posted double‑digit growth: Collins Aerospace (+7.7 %), Pratt & Whitney (+16 %) and Raytheon (+18 %). The company’s order backlog grew 22 % to $289 billion, with $170 billion in commercial work and $119 billion in defense contracts. RTX also announced the sale of Raytheon’s Blue Canyon Technologies for $620 million.

Based on the robust performance, RTX raised its full‑year 2026 outlook, now forecasting revenue of $95‑$96 billion (up from $92.5‑$93.5 billion), adjusted earnings per share of $7.10‑$7.35 (previously $6.70‑$6.90), and free cash flow of $8.5‑$8.75 billion. Management cited strong demand, an expanded backlog, and continued confidence in its aerospace and defense portfolio.