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RTX earnings beat, rising backlog and outlook

Updated 1 time since CLSTR started tracking revisions of this situation.

What changed

2026-08-05 23:44 UTC → 2026-08-22 08:08 UTC · added removed

RTX earnings beat, rising backlog and outlook raised

RTX’s institutional ownership continued to shift in early June 2026. O Shaughnessy Asset Management cut its stake by roughly 8 % 8% to 486,952 shares, while ING Groep boosted its holding by 79 % 79% to 309,675 shares. Jefferies upgraded RTX to a buy and lifted its price target to $220, citing improving margins and growth in both defense and commercial aerospace. The company also secured a $515 million U.S. Navy contract for SPY‑6 SPY-6 radar systems and opened a new landing‑gear landing-gear production line in Poland. A week later the stock rose 1.28 % 1.28% to $189.73, outperforming the broader market. Analysts projected first‑quarter first-quarter EPS of $1.66 and revenue of $22.9 billion, and full‑year full-year consensus forecasts of $6.91 EPS on $93.9 billion revenue, reinforcing expectations of continued outperformance. In mid‑July, mid-July, Journey Advisory Group again increased its stake by 116.8 % 116.8% to 26,731 shares, and other large investors such as Norges Bank and Vanguard maintained sizable positions. RTX reported Q1 EPS of $1.78 and a $0.73 dividend, confirming the earlier earnings beat. By early August the August, shares climbed another 2 % to $222.37 as multiple analysts raised following a Q2 earnings beat where the company reported EPS of $1.89 on $24.71 billion in revenue. This prompted several analyst upgrades, including price targets (TD from TD Cowen $240, ($240), Jefferies $250, etc.) ($250), Argus ($245), and Robert W. Baird ($240), resulting in a consensus “moderate buy” rating. In late August, RTX reported a significant order backlog of approximately $289 billion across its commercial aerospace and defense sectors. Consequently, management upgraded their ratings its adjusted 2026 sales estimate to moderate‑buy. The company posted Q2 EPS of $1.89 between $95 billion and revenue of $24.71 billion, both above consensus, $96 billion. Institutional interest remains high, with hedge funds and kept FY 2026 EPS guidance at $7.10‑$7.25, underscoring investors holding 86.50% of the sustained bullish momentum. stock, including a recent acquisition of 41,273 shares by Mystic Asset Management Inc.

Versions

  1. 2026-08-22 08:08 UTC RTX earnings beat, rising backlog and outlook
  2. 2026-08-05 23:44 UTC RTX earnings beat, outlook raised

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