RTX (NYSE:RTX) Reports Upbeat Q2 CY2026, Stock Soars

Aerospace and defense company Raytheon (NYSE:RTX) reported Q2 CY2026 results beating Wall Street’s revenue expectations , with sales up 14.5% year on year to $24.71 billion. The company’s full-year revenue guidance of $95.5 billion at the midpoint came in 1.5% above analysts’ estimates. Its non-GAAP profit of $1.89 per share was 13.7% above analysts’ consensus estimates.

Is now the time to buy RTX? Find out in our full research report.

RTX (RTX) Q2 CY2026 Highlights:

• Revenue: $24.71 billion vs analyst estimates of $22.91 billion (14.5% year-on-year growth, 7.8% beat)

• Adjusted EPS: $1.89 vs analyst estimates of $1.66 (13.7% beat)

• The company lifted its revenue guidance for the full year to $95.5 billion at the midpoint from $93 billion, a 2.7% increase

• Management raised its full-year Adjusted EPS guidance to $7.18 at the midpoint, a 5.5% increase

• Operating Margin: 11.4%, up from 9.9% in the same quarter last year

• Free Cash Flow was $2.88 billion, up from -$72 million in the same quarter last year

• Market Capitalization: $262.4 billion

Company Overview

Originally focused on refrigeration technology, Raytheon (NSYE:RTX) provides a variety of products and services to the aerospace and defense industries.

Revenue Growth

Examining a company’s long-term performance can provide clues about its quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Luckily, RTX’s sales grew at a decent 8.3% compounded annual growth rate over the last five years. Its growth was slightly above the average industrials company and shows its offerings resonate with customers.

Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. RTX’s annualized revenue growth of 9.6% over the last two years is above its five-year trend, suggesting its demand recently accelerated.

This quarter, RTX reported year-on-year revenue growth of 14.5%, and its $24.71 billion of revenue exceeded Wall Street’s estimates by 7.8%.

Looking ahead, sell-side analysts expect revenue to grow 4% over the next 12 months, a deceleration versus the last two years. This projection doesn’t excite us and implies its products and services will face some demand challenges.

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