# RTX earnings call intelligence

LOPJLB CallCard / temporal rollup · freemium · [stock page](https://www.lopjlb.com/stock/RTX) · [Earnings tab](https://www.lopjlb.com/stock/RTX?tab=earnings)

Updated: 2026-10-16T00:09:08

Quarters analyzed: 8

## Cross-quarter narrative

Across 8 calls for RTX, management tone moved from +0.60 (2024 Q3) to +0.00 (2026 Q2). Latest guidance stance: vague. Latest desk line: n/a

## Latest CallCard · Q2

**Guidance:** vague

**Tone:** mgmt 0 · Q&A pressure 0 · divergence 0

## Quarter one-liners

- **2026 Q2:** —
- **2026 Q1:** RTX posted strong Q1 results, raising full-year sales and EPS outlook, citing robust commercial and defense demand, record backlog, and ongoing capacity investments, while flagging supply-chain and tariff uncertainties.
- **2025 Q4:** RTX reported strong Q4 sales, record backlog and robust free cash flow, reaffirming 2026 guidance of $92‑93B sales, $6.60‑6.80 EPS and $8.25‑8.75B free cash flow amid solid commercial and defense demand.
- **2025 Q3:** RTX posted strong Q3 2025 results, raised full‑year outlook, highlighted robust demand, margin expansion and capacity projects while noting tariff headwinds and supply‑chain constraints.
- **2025 Q2:** RTX posted solid Q2 results with 9% sales growth, strong demand, a raised full‑year sales outlook, tariff mitigation progress, and a $236 bn backlog, while noting a 4‑week Pratt work stoppage impact.
- **2025 Q1:** RTX posted strong Q1 2025 results with 8% organic sales growth, margin expansion, $792M free cash flow and an $217B backlog, while flagging tariff exposure and supply‑chain vigilance as key uncertainties.
- **2024 Q4:** RTX posted strong Q4 results with 11% organic sales growth, record backlogs and reaffirmed 2025 outlook for modest top‑line growth, margin expansion and $7‑7.5 B free cash flow.
- **2024 Q3:** RTX posted strong Q3 2024 results, raising full-year sales and EPS outlook on robust demand and record backlog, while noting flat Collins OE and supply-chain headwinds.

## Theme arcs

- **Management tone** (deteriorating): Δ mgmt=-0.60

## Fear persistence

- **supply chain** [resolved]: 2024 Q3
- **boeing work stoppage** [resolved]: 2024 Q3
- **collins oe decline** [resolved]: 2024 Q3
- **defense spending uncertainty** [resolved]: 2024 Q3
- **inflation** [recurring]: 2024 Q3, 2025 Q1
- **competitive threats** [resolved]: 2024 Q3
- **margin pressure** [resolved]: 2024 Q3
- **regulatory/certification delays** [resolved]: 2024 Q3
- **powder metal cash‑flow headwind** [resolved]: 2024 Q4
- **higher taxes** [resolved]: 2024 Q4

## Guidance path

2024 Q3:raised → 2024 Q4:maintained → 2025 Q1:maintained → 2025 Q2:raised → 2025 Q3:raised → 2025 Q4:maintained → 2026 Q1:raised → 2026 Q2:vague

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Research context only. Not personalized investment advice.

API: `GET /bff/api/bigfive/earnings-intel/RTX`