1 analysts' median target is $227[FMP target], stock is $174, +30.5% upside potential. After Q1 +17.9% EPS beat[FMP earnings], the stock moved -3.3%.
B = MoonshotScore 40[9-pillar formula] + Council 4/6[6-lens rule]. Form 4: 0 transactions[FMP Form 4].
Q1 consensus: revenue $23.8B[FMP est], EPS $1.73[FMP est]. 8 consecutive quarters of beat[FMP earnings].
Q1 EPS +17.9% beat[FMP] but the stock -3.3% D+1[FMP D+1]. Neil Mitchill promised $644.0M CapEx + a sequential decline in Q1 during the Q1 earnings call[Neil Mitchill capex transcript].
Watchlist
Fy26 Sales Guidance Increase
fy26_sales_guidance_increase
RTX raised its FY2026 sales outlook by $500 million to a new range of $92.5 billion to $93.5 billion, driven by strong Q1 performance at Raytheon.
"On the top line, we're raising our full year adjusted sales outlook by $500 million to a new range of $92.5 billion to $93.5 billion, up from our prior range of $92 billion to $93 billion, driven by the performance we saw at Raytheon in the first quarter as well as slightly lower sales eliminations for the year."
- Neil Mitchill, CFO - Q1 FY26 Earnings Call - April 21, 2026
Fy26 Eps Guidance Increase
fy26_eps_guidance_increase
RTX increased its FY2026 adjusted earnings per share outlook by $0.10 to a range of $6.70 to $6.90, driven by drop-through on higher sales at Raytheon and lower interest expense.
"On the bottom line, we are increasing our adjusted earnings per share outlook $0.10 on both the low and high end of the range. This increase is driven by approximately $0.05 of drop-through on the higher sales at Raytheon, with the rest coming from a couple of below-the-line items, including lower interest expense."
- Neil Mitchill, CFO - Q1 FY26 Earnings Call - April 21, 2026
Pratt Gtf Engine Growth
pratt_gtf_engine_growth
Pratt & Whitney reported that GTF-powered aircraft surpassed 2,700 deliveries, with Pratt powering about 45% of the A320 deliveries to date, ahead of its roughly 40% sold program share.
"During the quarter, GTF-powered aircraft surpassed 2,700 deliveries, with Pratt powering about 45% of the A320 deliveries to date, ahead of our roughly 40% sold program share."
- Christopher Calio, CEO - Q1 FY26 Earnings Call - April 21, 2026
Munitions Output Increase
munitions_output_increase
Raytheon reported further progress on munitions output in Q1 2026 with total deliveries up over 40% year-over-year, building on the increased production it drove in 2025.
"For example, we saw further progress on munitions output at Raytheon in Q1 with total deliveries up over 40% year-over-year, building on the increased production we drove in 2025."
- Christopher Calio, CEO - Q1 FY26 Earnings Call - April 21, 2026
Stock Expert AI - Methodology
9-pillar methodology. Cash Runway and News Sentiment strong. Revenue Growth weak.
How is it calculated? ->6 investor frameworks. 4 bullish (Ray Dalio, Klarman, Buffett, Munger), 1 bearish (Ken Griffin), 1 neutral (Jim Simons).
How is it calculated? ->Quality business, discounted price.
How is it calculated? ->Past Performance
Q1 (April 21, 2026): EPS $1.78 vs $1.51 est[FMP], +17.9% beat. D+1 movement: -3.3%[FMP D+1]. Decline despite beat - market reacted to guidance, not numbers.
Q1: EPS $1.78 vs $1.51 beat[FMP], stock -3.3% D+1[FMP].
No RPO/backlog concentration disclosed in Q1 earnings call.
Q1 CapEx $644.0M[FMP cashflow]. Q1 op margin 11.6%[FMP op margin] - this level in Q1 is sensitive to CapEx revision risk.
Not advice - a structural framework for earnings night. Decision discipline is yours.
Market Outlook
You read it in 5 minutes. When the numbers come out on Monday evening - you know what you're looking at.
Data arrives at night. The framework is ready now.
Data arrives on Monday evening. The framework is ready on this page: Q1 EPS threshold $1.73[FMP], CapEx threshold "below $644.0M"[Neil Mitchill]. Two anchors, three scenarios.
Comparison Stock Expert AI Pro $24/month ($240/year), 77% cheaper than the total of three earnings-tracking tools ($1,059/year -> $240/year).
Seeking Alpha $299/yr - analyst opinions + earnings coverage TipRanks $360/yr - Smart Score (1-10) + analyst consensus + insider trades Trendspider $400/yr - AI pattern detection + automated TA + multi-timeframe alerts
Prices as of April 2026. Sources: seekingalpha.com/subscriptions - tipranks.com/pricing - trendspider.com/pricing
Stock Expert AI Pro: $24/month ($240/year). Council 7-lens analysis + MoonshotScore 9-pillar + Insider tracker + Technical levels - all in one platform, for every stock.
Educational tool, not investment advice. Past performance does not guarantee future results.
Calendar
DATA GAP: Events not in the FMP /stable/calendar feed - Investor day, analyst day, product launches, regulatory dates. These require company IR page scraping or manual calendar entry.
This RTX (RTX) earnings preview covers the analyst consensus, key catalysts, and what to watch on the earnings call.
Consensus EPS, revenue guidance, segment growth rates, and the tone of management commentary — the full breakdown with sources is on this page.