Textron Reports Q2 Non-GAAP Earnings Beat, Revenue Miss
Textron (TXT) reported second-quarter non-GAAP earnings per share of $1.62, exceeding estimates by $0.07. However, the company's revenue came in at $3.8 billion for the quarter, missing expectations by $10 million and showing a modest year-over-year increase of 2.2%. Despite the revenue shortfall, Textron maintained its full-year FY2026 guidance. The firm reiterated an adjusted EPS outlook of between $6.40 and $6.60 for fiscal 2026, slightly above or in line with current consensus estimates at $6.51. Additionally, it provided a GAAP earnings per share range from continuing operations of $5.39 to $5.59. The mixed results reflect strong performance on the bottom line but weaker-than-expected top-line growth.
Tickers: $TXT
Topics: Earnings EPS Beat Revenue Miss