RTX delivered a strong third quarter 2026 performance, beating analyst estimates on both the top and bottom lines while reaching a record backlog of $340 billion. The company saw double-digit organic sales growth across all segments, specifically driven by robust demand for land and air defense systems and commercial aerospace aftermarket services. Consequently, management raised full-year guidance for adjusted sales, adjusted EPS, and free cash flow.
Key Highlights
- Record backlog reached $340 billion, including $164 billion in defense and $176 billion in commercial orders, following $81 billion in new awards during the quarter.
- Adjusted EPS of $2.26 grew 33% year-over-year, supported by strong operational drop-through and approximately $0.25 from IEEPA cost recovery.
- Raytheon segment sales increased 14% to $8.0 billion, fueled by higher volume on naval programs and defense systems like Patriot and Tomahawk.