Equity Profile

RTX

RTX Corporation

IndustrialsAerospace & Defense$243.7B

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 $242 billion, the company plays a crucial role in national security and global defense, making it significant for investors interested in industrials and defense spending trends.

Key Metrics to Watch

EPS

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

$1.66

Revenue

Total revenue reflects the company's overall sales performance, which is vital for assessing growth and market demand.

$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 expectations by 17.03%. However, the stock dropped 4.40% the following day, indicating mixed market reactions despite strong earnings.

Management Promises & Guidance

Continue to innovate in aerospace technologies.
Focus on improving operational efficiencies.
Maintain strong relationships with government and defense contracts.

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 closely watching for any signs of growth or challenges in the aerospace and defense sectors.

Bull Case

If RTX beats earnings expectations, it could signal strong demand and operational efficiency, driving the stock price higher as investors gain confidence.

Bear Case

If RTX misses earnings estimates or provides cautious guidance, it could raise concerns about future growth, leading to a potential decline in stock price.

Key Metrics to Watch

EPS

$1.66

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

Revenue

$22.8B

Total revenue reflects the company's overall sales performance, which is vital for assessing growth and market demand.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will RTX achieve an EPS of at least $1.66 this quarter?

This figure is critical as it sets the benchmark for market expectations and indicates the company's profitability.

What is the outlook for revenue growth in the aerospace sector?

Investors will closely monitor this to gauge demand trends and potential challenges in the defense market.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate RTX's ability to leverage new defense contracts, which could drive revenue higher than expected this quarter.

Supporting Evidence

RTX's recent contract wins suggest stronger demand than analysts anticipate.

Options pricing indicates a higher expected move, suggesting that the market is bracing for significant news.

Historical performance shows that RTX consistently beats earnings expectations.

Key Risk

If revenue growth in the aerospace sector comes in below $22.5 billion, it could undermine the bullish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating RTX's ability to sustain its growth trajectory amid industry challenges 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 growth prospects.

Pre-Earnings Positioning

Options Market

Implied Move

±8.39%

Historical Avg

±4.8%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect 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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 5 of 24 (21%)

This setup has occurred 30 times across Industrials in the last 2 years. 19 of 24 (79%) held or extended their move within 5 days — this setup typically holds direction. The average absolute 1-day move is 4.6%, with a raw directional average of +1.6% (modestly positive historical bias).

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 about 0.77%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may experience muted movement as investors reassess their outlook.

Miss

A miss on earnings could lead to a decline, with history indicating a potential drop of around 4.79%.

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

1Any updates on new defense contracts or government partnerships.
2Insights on operational efficiencies and cost management strategies.
3Comments on market demand for aerospace products.
4Guidance on future revenue expectations and growth areas.
5Responses to potential challenges in the supply chain or geopolitical landscape.

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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 RTX is managing costs and generating income.

$1.66

Revenue

Total revenue reflects the company's overall sales performance, which is vital for assessing growth and market demand.

$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 expectations by 17.03%. However, the stock dropped 4.40% the following day, indicating mixed market reactions despite strong earnings.

Management Promises & Guidance

Continue to innovate in aerospace technologies.
Focus on improving operational efficiencies.
Maintain strong relationships with government and defense contracts.

Expectations

Wall Street Expectations

Bull Case

If RTX beats earnings expectations, it could signal strong demand and operational efficiency, driving the stock price higher as investors gain confidence.

Bear Case

If RTX misses earnings estimates or provides cautious guidance, it could raise concerns about future growth, leading to a potential decline in stock price.

Key Metrics to Watch

EPS

$1.66

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

Revenue

$22.8B

Total revenue reflects the company's overall sales performance, which is vital for assessing growth and market demand.

Expectations

Two Questions That Matter

The print will turn on these two things.

Will RTX achieve an EPS of at least $1.66 this quarter?

This figure is critical as it sets the benchmark for market expectations and indicates the company's profitability.

What is the outlook for revenue growth in the aerospace sector?

Investors will closely monitor this to gauge demand trends and potential challenges in the defense market.

Edge

What the Street Is Missing

Why consensus could be wrong

The consensus may underestimate RTX's ability to leverage new defense contracts, which could drive revenue higher than expected this quarter.

Supporting Evidence

RTX's recent contract wins suggest stronger demand than analysts anticipate.

Options pricing indicates a higher expected move, suggesting that the market is bracing for significant news.

Historical performance shows that RTX consistently beats earnings expectations.

Key Risk

If revenue growth in the aerospace sector comes in below $22.5 billion, it could undermine the bullish outlook.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The market is debating RTX's ability to sustain its growth trajectory amid industry challenges 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 growth prospects.

Pre-Earnings Positioning

Options Market

Implied Move

±8.39%

Historical Avg

±4.8%

Pricing rich

The options market is pricing in a significant move, suggesting that investors expect 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)

Edge

Historical Setup Match

Cross-company pattern from 30 similar setups.

Prior-quarter beat + options rich in Industrials

n=30

Fade rate: 5 of 24 (21%)

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 about 0.77%, confirming strong demand and operational efficiency.

In-Line / Cautious

If results are in line but management provides cautious commentary, the stock may experience muted movement as investors reassess their outlook.

Miss

A miss on earnings could lead to a decline, with history indicating a potential drop of around 4.79%.

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

1Any updates on new defense contracts or government partnerships.
2Insights on operational efficiencies and cost management strategies.
3Comments on market demand for aerospace products.
4Guidance on future revenue expectations and growth areas.
5Responses to potential challenges in the supply chain or geopolitical landscape.