--- canonical_url: https://www.stockexpertai.com/earnings/rtx last_updated: 2026-05-03T20:59:12.544Z --- # RTX Corporation (RTX) Q1 FY2027 Earnings Preview > This content was automatically generated with FMP live data + Q1 FY2026 earnings call transcript. Generated: 2026-05-03T20:59:11.616Z. Educational tool, not investment advice. --- ## Quick Summary | Field | Value | Source | |---|---|---| | Price | $173.99 (▼ -1.18%) | fmp:quote | | Market Cap | $234.3B | fmp:profile | | 52w range | $126.03 – $214.50 | fmp:quote | | Earnings | Mon 19 Oct | fmp:earnings-history | | EPS estimate | $1.73 (+11% YoY) | fmp:earnings-estimate | | Revenue estimate | $23.8B | fmp:earnings-estimate | | Beat streak | 8/4 | fmp:earnings-history | | Rating | B (overall 3/5) | fmp:ratings | | Analyst median target | $227 (+30.5% upside) | fmp:price-target-consensus | | MoonshotScore | 40/100 | derived | | Council | 4/6 bullish | derived | | Munger verdict | Undervalued | derived | ## RTX Corporation — Q1 FY2027 Expectations Q1 consensus: revenue $23.8B^{[FMP est]}, EPS $1.73^{[FMP est]}. 8 consecutive quarters of beat^{[FMP earnings]}. ## Quick Take **Score:** B · **Stance:** BUY · **Council:** 4/6 · **Moonshot:** 40 = MoonshotScore 40^{[9-pillar formula]} + Council 4/6^{[6-lens rule]}. Form 4: 0 transactions^{[FMP Form 4]}. ## Watchlist (4 metrics) ### 1. 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, Expectation / Guide · Q1 FY2026 ### 2. 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, Expectation / Guide · Q1 FY2026 ### 3. 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, Investor Focus · Q1 FY2026 ### 4. 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, Investor Focus · Q1 FY2026 ## MoonshotScore Pillars | Pillar | Score | Level | Evidence | |---|---|---|---| | Revenue Growth | 1.0 | weak | Q1 vs Q2: growth slowing (+2.3%, below threshold) | | Gross Margin | 2.0 | weak | Q1: low margin (20.8%, capital-intensive or commodity) | | Operating Leverage | 1.0 | weak | op margin average (11.6%) | | Cash Runway | 10.0 | strong | FCF strong ($1.2B FCF, covers CapEx) | | R&D Intensity | 3.0 | weak | average R&D (3.1%) | | Price Momentum | 4.0 | medium | RSI 30.6 weak momentum, 50d below | | News Sentiment | 7.0 | strong | majority buy (65%) | **Formula:** sum(pillar.score) / (count * 10) * 100. Each pillar deterministic from FMP. Source maps in pillar.formula. ## Council (7-Lens) | Name | Stance | Context | |---|---|---| | Ray Dalio | bull | macro · target upside +30.5% | | Ken Griffin | bear | flow · 50d MA below | | Jim Simons | neutral | quant · RSI 31 | | Klarman | bull | value · target upside +30.5% | | Buffett | bull | quality · ROE score 4/5 | | Munger | bull | valuation · target upside +30.5% | **Formula:** Each lens uses deterministic rule on bundle data. Logged in member.contextTr. ## Munger Lens - **Verdict:** Undervalued - **Financial Health:** Moderate - **Margin of Safety:** Strong - **Interest Coverage:** Adequate - **ROIC vs WACC:** Healthy **Formula:** verdict=upside>25?Undervalued:>0?Fairly Valued:Overvalued. Each lens deterministic from FMP ratings + priceTarget. ## Technical Levels - **RSI(14):** 30.6 — momentum zayıf — oversold yakınında değil ama alıcı baskısı az - **50d MA:** $196 — hisse %11.3 altında — kısa vadeli direnç - **200d MA:** $179 — hisse %2.7 altında — uzun vadeli baskı - **Volume (10d):** -32% ## Past Performance (4 Quarters) | Quarter | EPS Actual | EPS Estimate | Result | Reaction | |---|---|---|---|---| | Q2 FY25 | $1.56 | $1.44 | BEAT | +4.9% | | Q3 FY25 | $1.70 | $1.41 | BEAT | +2.9% | | Q4 FY25 | $1.55 | $1.47 | BEAT | -0.9% | | Q1 FY26 | $1.78 | $1.51 | +17.9% EPS | -3.3% | 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. ## 3 Scenarios ### Scenario A · Beat **Q1 EPS > $1.73 + CapEx discipline** Threshold: EPS > $1.73^{[FMP est]}. Target: Break above median target $227^{[FMP target]}; high target $240^[FMP] upper bound. ### Scenario B · In-Line **EPS ≈ $1.73 + CapEx < $644.0M** Threshold: EPS ≈ $1.73^{[FMP est]}, Q1 CapEx < $644.0M^[FMP]. Target: Consolidation in the band between current $174^[FMP] and median $227^[FMP]. ### Scenario C · Miss **EPS < $1.68 or CapEx ≥ $644.0M** Threshold: EPS < $1.68^{[FMP est×0.97]}. Target: Current $174 below SMA200 $179^[FMP], if rejection continues, $152^[derived] support activates. ## Risk Notes ### Primary segment below threshold Q1: EPS $1.78 vs $1.51 beat^[FMP], stock -3.3% D+1^[FMP]. ### Backlog concentration No RPO/backlog concentration disclosed in Q1 earnings call. ### Insider trading Form 4 data is marked in the table — this page does not generate assumptions for this stock. | Executive | Action | Amount | Date | |---|---|---|---| **Net:** — (0 transactions · 0 sells · 0 buys) · Q1 FY26 ### CapEx shock Q1 CapEx $644.0M^{[FMP cashflow]}. Q1 op margin 11.6%^{[FMP op margin]} — this level in Q1 is sensitive to CapEx revision risk. ## Wall Street Consensus - **Median target:** $227 (+30.5% upside vs current $174) - **High / Low:** $240 / $204 - **Buy / Hold / Sell:** 15 / 7 / 1 - **Analyst count:** 1 (last quarter), 61 all-time ## Additional Transcript Insights ### 1. fy26_sales_guidance_increase **Claim:** 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. **Evidence (transcript):** "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." **Numbers:** $500 million, $92.5 billion, $93.5 billion, $92 billion, $93 billion ### 2. fy26_eps_guidance_increase **Claim:** 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. **Evidence (transcript):** "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." **Numbers:** $0.10, $6.70, $6.90, $0.05 ### 3. defense_sales_growth_outlook **Claim:** RTX now expects defense sales to grow mid to high single digits for FY2026, up from its prior expectation of mid-single digits, due to the increase at Raytheon. **Evidence (transcript):** "And given the increase at Raytheon, we now expect defense sales to grow mid to high single digits for the full year, up from our prior expectation of mid-single digits." **Numbers:** — ### 4. raytheon_sales_growth_outlook **Claim:** RTX expects Raytheon's sales to grow high single digits for FY2026, up from its prior range of mid to high single digits. **Evidence (transcript):** "We expect sales to grow high single digits on an adjusted and organic basis, up from our prior range of mid to high single digits due to the strength Neil mentioned earlier." **Numbers:** — ### 5. pratt_gtf_engine_growth **Claim:** 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. **Evidence (transcript):** "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." **Numbers:** 2,700, 45%, 40% ### 6. munitions_output_increase **Claim:** 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. **Evidence (transcript):** "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." **Numbers:** 40% --- *Data source: FMP (live query, 2026-05-03), Q1 FY2026 earnings call transcript (Translated to EN with Gemini 2.0 Flash). Educational tool, not investment advice.*