Equity Profile

RTX

RTX Corporation

IndustrialsAerospace & Defense$296.5B

Jul21Tue

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

RTX Corporation operates in the aerospace and defense sector, providing advanced technology and services for commercial and military applications. With a market cap of $297 billion, the company plays a crucial role in global defense and aviation, making it significant for investors interested in industrials and government contracts.

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

$1.66

Revenue

Revenue growth indicates demand for RTX's products and services, reflecting overall business health.

$22.8B

Wall Street expectations, options signals, track record, and call prep available with Pro.

RTX Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+11.17%

Avg Stock Reaction

+0.77%

Last Quarter Recap

In Q1-2026, RTX reported an EPS of $1.78, exceeding estimates by 17.03%. However, the stock fell 4.40% the following day, indicating market caution despite strong earnings.

Management Promises & Guidance

Continued focus on innovation in aerospace technology.
Commitment to improving supply chain efficiency.
Plans to expand defense contracts amid rising global tensions.

Expectations

Wall Street Expectations

Analysts expect RTX to report solid earnings, with a consensus EPS of $1.66 and revenue of $22.8 billion. The market is cautiously optimistic given the company's strong track record.

Bull Case

If RTX beats earnings expectations, it could reinforce confidence in its growth strategy and lead to a positive stock reaction, especially given its history of earnings surprises.

Bear Case

Conversely, if RTX fails to meet expectations, it could raise concerns about demand in the aerospace and defense sectors, potentially leading to a significant stock decline.

Key Metrics to Watch

EPS

$1.66

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

Revenue

$22.8B

Revenue growth indicates demand for RTX's products and services, reflecting overall business health.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will RTX's EPS exceed the consensus estimate of $1.66?

A beat on EPS would reinforce the company's profitability and operational efficiency, which is critical for investor confidence.

What will be the reported revenue compared to the expected $22.8 billion?

Revenue performance is crucial for understanding demand trends and the overall health of the business, especially in the current economic climate.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of recent defense contract wins, which could drive revenue higher than expected.

Supporting Evidence

RTX has consistently beaten EPS estimates, indicating stronger underlying performance than analysts anticipate.

The options market is pricing in an 8.39% move, suggesting that traders expect more volatility than historical averages.

Recent geopolitical tensions may lead to increased defense spending, benefiting RTX.

Key Risk

If revenue comes in below $22.5 billion, it could undermine the bullish sentiment surrounding the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is closely watching RTX's ability to maintain its growth trajectory amid economic uncertainties and competition.

Bull Confirmed If

An EPS of $1.70 or higher would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $1.61 would raise concerns about profitability and market demand.

Pre-Earnings Positioning

Options Market

Implied Move

±8.39%

Historical Avg

±4.8%

Pricing rich

The options market is pricing in a larger than average move, indicating that traders expect significant volatility around the earnings announcement.

Options are pricing ±8.4% while RTX has averaged ±4.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

26.1%

Calls (770K)P/C Ratio: 0.40Puts (328K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If RTX beats earnings expectations, history suggests the stock could rise by an average of 0.77%, confirming strong market confidence.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further commentary from management.

Miss

Should RTX miss estimates, the stock could decline significantly, potentially averaging a drop of around 4.79% based on past performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new defense contracts and their potential impact on revenue.
2Any commentary on supply chain improvements and cost management strategies.
3Insights into demand trends in the aerospace sector.
4Management's outlook on future earnings growth and market conditions.
5Responses to questions about geopolitical factors affecting defense spending.

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Company Snapshot

Key Metrics to Watch

EPS

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

$1.66

Revenue

Revenue growth indicates demand for RTX's products and services, reflecting overall business health.

$22.8B

Wall Street expectations, options signals, track record, and call prep available with Pro.

RTX Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+11.17%

Avg Stock Reaction

+0.77%

Last Quarter Recap

In Q1-2026, RTX reported an EPS of $1.78, exceeding estimates by 17.03%. However, the stock fell 4.40% the following day, indicating market caution despite strong earnings.

Management Promises & Guidance

Continued focus on innovation in aerospace technology.
Commitment to improving supply chain efficiency.
Plans to expand defense contracts amid rising global tensions.

Expectations

Wall Street Expectations

Analysts expect RTX to report solid earnings, with a consensus EPS of $1.66 and revenue of $22.8 billion. The market is cautiously optimistic given the company's strong track record.

Bull Case

If RTX beats earnings expectations, it could reinforce confidence in its growth strategy and lead to a positive stock reaction, especially given its history of earnings surprises.

Bear Case

Conversely, if RTX fails to meet expectations, it could raise concerns about demand in the aerospace and defense sectors, potentially leading to a significant stock decline.

Key Metrics to Watch

EPS

$1.66

Earnings per share is a key indicator of profitability and will show how well the company is managing costs and generating income.

Revenue

$22.8B

Revenue growth indicates demand for RTX's products and services, reflecting overall business health.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will RTX's EPS exceed the consensus estimate of $1.66?

A beat on EPS would reinforce the company's profitability and operational efficiency, which is critical for investor confidence.

What will be the reported revenue compared to the expected $22.8 billion?

Revenue performance is crucial for understanding demand trends and the overall health of the business, especially in the current economic climate.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the impact of recent defense contract wins, which could drive revenue higher than expected.

Supporting Evidence

RTX has consistently beaten EPS estimates, indicating stronger underlying performance than analysts anticipate.

The options market is pricing in an 8.39% move, suggesting that traders expect more volatility than historical averages.

Recent geopolitical tensions may lead to increased defense spending, benefiting RTX.

Key Risk

If revenue comes in below $22.5 billion, it could undermine the bullish sentiment surrounding the stock.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is closely watching RTX's ability to maintain its growth trajectory amid economic uncertainties and competition.

Bull Confirmed If

An EPS of $1.70 or higher would confirm strong operational performance and investor confidence.

Bear Confirmed If

An EPS below $1.61 would raise concerns about profitability and market demand.

Pre-Earnings Positioning

Options Market

Implied Move

±8.39%

Historical Avg

±4.8%

Pricing rich

The options market is pricing in a larger than average move, indicating that traders expect significant volatility around the earnings announcement.

Options are pricing ±8.4% while RTX has averaged ±4.8% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

26.1%

Calls (770K)P/C Ratio: 0.40Puts (328K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If RTX beats earnings expectations, history suggests the stock could rise by an average of 0.77%, confirming strong market confidence.

In-Line / Cautious

If results are in line with expectations, the stock may see muted movement as investors await further commentary from management.

Miss

Should RTX miss estimates, the stock could decline significantly, potentially averaging a drop of around 4.79% based on past performance.

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new defense contracts and their potential impact on revenue.
2Any commentary on supply chain improvements and cost management strategies.
3Insights into demand trends in the aerospace sector.
4Management's outlook on future earnings growth and market conditions.
5Responses to questions about geopolitical factors affecting defense spending.