RTX stock moved on $24.71 billion in Q2 CY2026 revenue, a 14.5% increase that beat Wall Street estimates by $1.80 billion. Adjusted EPS also came in at $1.89 a share, above the $1.66 consensus. The update gave investors a cleaner read on sales and margins, but the outlook still points to slower growth ahead.
Q2 CY2026 Revenue Beats
$24.71 billion in quarterly sales was the main number in the report, rising from the same quarter last year and topping the $22.91 billion estimate. RTX also posted adjusted EPS of $1.89, which cleared expectations and kept the earnings side of the release aligned with the revenue surprise. For holders of NYSE:RTX, that combination matters because it shows both top-line execution and per-share profitability improved at the same time.
11.4% operating margin added another layer to the quarter, up from 9.9% a year earlier. That spread suggests RTX turned more of each sales dollar into operating profit than it did in the comparable quarter last year. Free cash flow of $2.88 billion reinforced the quarter’s cash generation after a negative $72 million a year earlier, giving the company more room to support its revised plan.
Raytheon Raises 2026 Guidance
$95.5 billion is the new midpoint for full-year revenue guidance, lifted from $93 billion. Adjusted EPS guidance was also raised to $7.18 at the midpoint. Those revisions tell investors the quarter was not just a one-off beat; management is now guiding to a higher full-year base, which changes the earnings and sales assumptions used to value RTX stock.
8.3% compounded annual sales growth over the last five years and 9.6% annualized revenue growth over the last two years give the quarter some historical context. RTX has been able to grow through different periods, but sell-side analysts still expect revenue growth to slow to 4% over the next 12 months. That gap is the complication inside the report: the company raised its view for this year, yet the street is still modeling a cooler pace after that.
Wall Street’s 4% Growth View
4% expected revenue growth over the next 12 months is the number that keeps the story from reading like a clean victory lap. If RTX can hold the higher margin and cash flow profile it posted in Q2 CY2026, the market can keep leaning on the stronger full-year guidance; if growth settles back to the analyst pace, the valuation case becomes more dependent on execution than on momentum. For shareholders, the practical takeaway is straightforward: the quarter improved the numbers in hand, but the next debate is whether that pace can last.
