RTX Reports Strong Q2 Earnings Amid High Demand
Raytheon Technologies (RTX) reported strong financial results for its second quarter of fiscal year 2026, with adjusted sales reaching $24.7 billion—up 16% organically due to robust growth in both commercial and defense sectors. Adjusted earnings per share rose by 21%, driven by an 18% increase in segment operating profit, while free cash flow reached $2.9 billion. The company highlighted a record backlog of $289 billion, up 22% year-over-year, with Raytheon securing nearly $20 billion in awards during the quarter. Notable bookings included over $5 billion for GEM-T Patriot effectors and significant classified contracts. On the commercial side, Pratt & Whitney secured an order from AirAsia for 150 A220 aircraft powered by its engines. Looking ahead, RTX expects continued strong demand in both commercial aerospace and defense markets as global passenger air travel remains resilient and engine retirements remain low.
Tickers: $RTX
Topics: Earnings RTX Performance Transcript