RTX beats Q1 revenue estimates, raises FY outlook

Rtx

21/04/2026 12:07

Overview

U.S. aerospace and defense firm's Q1 revenue rose 9%, beating analyst expectations

Adjusted EPS for Q1 increased 21%, beating analyst expectations

Company raised full-year outlook for adjusted sales and EPS, citing strong defense demand

Outlook

RTX raises 2026 adjusted sales outlook to $92.5-$93.5 bln from $92.0-$93.0 bln

Company lifts 2026 adjusted EPS forecast to $6.70-$6.90 from $6.60-$6.80

RTX confirms 2026 free cash flow guidance of $8.25-$8.75 bln

Result Drivers

SEGMENT VOLUME GROWTH - Higher sales and operating profit across Collins Aerospace, Pratt & Whitney, and Raytheon segments drove overall results

COMMERCIAL AND DEFENSE DEMAND - Collins Aerospace growth was driven by higher commercial OE and aftermarket volume, and increased defense sales; Pratt & Whitney saw gains in commercial aftermarket, while Raytheon benefited from land, air, and naval defense systems demand

LOWER INTEREST AND TAX EXPENSE - Adjusted net income rose partly due to lower interest and tax expense

Company press release: ID:nPnbqqDzBa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$22.08 bln
$21.47 bln (17 Analysts)
Q1 Adjusted Revenue
$22.10 bln
Q1 Adjusted EPS
Beat
$1.78
$1.52 (18 Analysts)
Q1 EPS
$1.51


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "strong buy" or "buy", 8 "hold" and 3 "sell" or "strong sell"

The average consensus recommendation for the aerospace & defense peer group is "buy"

Wall Street's median 12-month price target for RTX Corp is $217.50, about 11.1% above its April 20 closing price of $195.79

The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 27 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)