Equity Profile

RTX

RTX Corporation

IndustrialsAerospace & Defense$243.7B

Apr21Tue

Post-Earnings Recap

ReportedQ1-2026Pre-Market6:55 AM EDT

RTX Corp Beats on EPS, Stock Down 4.4%

Metric	Actual	Expected	Surprise
EPS	$1.78	N/A	+17.03%
Revenue	N/A	N/A	N/A

management commentary, guidance changes, and full analysis available with Pro.

RTX Corp Beats on EPS, Stock Down 4.4%

Key Numbers

Metric	Actual	Expected	Surprise
EPS	$1.78	N/A	+17.03%
Revenue	N/A	N/A	N/A

Management Commentary

Tone: Cautiously Optimistic

Management expressed satisfaction with the EPS results despite not providing revenue figures. They acknowledged ongoing challenges but emphasized their commitment to long-term goals.

We are pleased with our EPS performance this quarter.

While we faced challenges, we remain focused on our long-term strategy.

What It Means

RTX Corp reported a strong EPS performance, exceeding expectations by over 17%. However, the stock fell by 4.4% in reaction, likely due to the lack of revenue information and guidance. Investors may be concerned about the company's future performance without clearer direction.

Company Snapshot

RTX Corp is a major player in the aerospace and defense sector, focusing on advanced technologies and systems for both commercial and military applications. With a market cap of $265 billion, the company is crucial in supporting global defense initiatives and advancing aerospace innovation.

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its business and capture market share, particularly in a competitive industry.

N/A

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

Original Pre-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 the last quarter, RTX reported an EPS of $1.55, exceeding expectations by nearly 6%. The stock reacted positively, gaining 3.68% the following day.

Management Promises & Guidance

Continued focus on innovation in aerospace technologies.
Commitment to enhancing defense capabilities.
Plans to improve operational efficiency.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about RTX's upcoming earnings report, given its strong track record of beating EPS estimates.

Bull Case

If RTX continues its trend of exceeding expectations, it could lead to a significant stock price increase, reflecting strong demand in both aerospace and defense sectors.

Bear Case

Conversely, any signs of declining defense contracts or slower revenue growth could raise concerns about the company's future performance, leading to a potential stock decline.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the outlook for new defense contracts in 2026?

The market will closely watch for any updates on defense contracts, as this could significantly impact future revenue and growth.

How is RTX addressing supply chain challenges?

Supply chain issues can affect production timelines and costs, making it a critical topic for investors to understand.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for new defense contracts, which could significantly boost revenue beyond current expectations.

Supporting Evidence

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

Recent trends in defense spending suggest increased government budgets, which could favor RTX.

Options pricing indicates a lower expected move than historical averages, suggesting potential upside.

Key Risk

If new contract announcements exceed $2 billion, it could shift market sentiment dramatically.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around RTX's ability to maintain its growth trajectory amidst potential economic headwinds.

Bull Confirmed If

A new defense contract valued at over $1 billion would confirm strong demand and growth potential.

Bear Confirmed If

Any decline in revenue growth below 5% year-over-year could signal trouble ahead.

Pre-Earnings Positioning

Options Market

Implied Move

±2.44%

Historical Avg

±4.8%

Pricing cheap

The options market is pricing in a modest move, suggesting that investors are anticipating a relatively stable outcome around the earnings report.

Options are pricing ±2.4% while RTX has averaged ±4.8% over the last 8 prints — setup is pricing cheap.

Detail

30d HV

22.4%

Calls (765K)P/C Ratio: 0.75Puts (574K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If RTX beats expectations, history suggests the stock could rise by around 1.3% on the first day, confirming strong operational performance.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may see muted reactions as investors reassess future growth.

Miss

A miss could lead to a decline of around 1.3% or more, as it would raise concerns about the company's growth prospects.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

3 buys·1 sell

Members

House + Senate

Est. Notional

$18,004.00–$95,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new defense contracts and their expected impact on revenue.
2Details on supply chain management strategies and their effectiveness.
3Management's outlook on the aerospace market and any anticipated challenges.
4Any commentary on cost management and operational efficiency improvements.
5Insights into R&D investments and future technology advancements.

See the full picture

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Company Snapshot

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a key indicator of the company's profitability and financial health, which investors closely monitor.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its business and capture market share, particularly in a competitive industry.

N/A

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

Original Pre-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 the last quarter, RTX reported an EPS of $1.55, exceeding expectations by nearly 6%. The stock reacted positively, gaining 3.68% the following day.

Management Promises & Guidance

Continued focus on innovation in aerospace technologies.
Commitment to enhancing defense capabilities.
Plans to improve operational efficiency.

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about RTX's upcoming earnings report, given its strong track record of beating EPS estimates.

Bull Case

If RTX continues its trend of exceeding expectations, it could lead to a significant stock price increase, reflecting strong demand in both aerospace and defense sectors.

Bear Case

Conversely, any signs of declining defense contracts or slower revenue growth could raise concerns about the company's future performance, leading to a potential stock decline.

Expectations

Two Questions That Matter

The print will turn on these two things.

What is the outlook for new defense contracts in 2026?

The market will closely watch for any updates on defense contracts, as this could significantly impact future revenue and growth.

How is RTX addressing supply chain challenges?

Supply chain issues can affect production timelines and costs, making it a critical topic for investors to understand.

Edge

What the Street Is Missing

Why consensus could be wrong

The Street may be underestimating the potential for new defense contracts, which could significantly boost revenue beyond current expectations.

Supporting Evidence

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

Recent trends in defense spending suggest increased government budgets, which could favor RTX.

Options pricing indicates a lower expected move than historical averages, suggesting potential upside.

Key Risk

If new contract announcements exceed $2 billion, it could shift market sentiment dramatically.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around RTX's ability to maintain its growth trajectory amidst potential economic headwinds.

Bull Confirmed If

A new defense contract valued at over $1 billion would confirm strong demand and growth potential.

Bear Confirmed If

Any decline in revenue growth below 5% year-over-year could signal trouble ahead.

Pre-Earnings Positioning

Options Market

Implied Move

±2.44%

Historical Avg

±4.8%

Pricing cheap

The options market is pricing in a modest move, suggesting that investors are anticipating a relatively stable outcome around the earnings report.

Options are pricing ±2.4% while RTX has averaged ±4.8% over the last 8 prints — setup is pricing cheap.

Detail

30d HV

22.4%

Calls (765K)P/C Ratio: 0.75Puts (574K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If RTX beats expectations, history suggests the stock could rise by around 1.3% on the first day, confirming strong operational performance.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may see muted reactions as investors reassess future growth.

Miss

A miss could lead to a decline of around 1.3% or more, as it would raise concerns about the company's growth prospects.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

3 buys·1 sell

Members

House + Senate

Est. Notional

$18,004.00–$95,000.00

disclosed dollar ranges

Most Active Members

D-CAGilbert CisnerosRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on new defense contracts and their expected impact on revenue.
2Details on supply chain management strategies and their effectiveness.
3Management's outlook on the aerospace market and any anticipated challenges.
4Any commentary on cost management and operational efficiency improvements.
5Insights into R&D investments and future technology advancements.