RTX Posts Higher Revenue, Operating Income, Net Income, and Diluted EPS on Both Quarter and Six-Month Views

Bottom line

RTX Corporation delivered higher revenue, operating income, net income, and diluted earnings per share on both the three-month and six-month year-to-date views compared with the prior-year windows, with all four measures remaining in profit across every period compared. $24,708,000,000 exceeded $21,581,000,000, and the six-month view $46,784,000,000 was higher than $41,887,000,000. Operating income moved in the same direction, with $2,811,000,000 above $2,146,000,000 and $5,366,000,000 above $4,181,000,000. Net income attributable to parent followed the same pattern, with $2,139,000,000 above $1,657,000,000 and $4,198,000,000 above $3,192,000,000. Diluted earnings per share closed out the four-line improvement, with $1.57 per diluted share above $1.22 per diluted share and $3.08 per diluted share above $2.36 per diluted share, keeping the per-share line in profit across all four periods. The accompanying EPS disclosure sits within Note 4, which describes the per-share computation and the treatment of stock-award dilution noted in management's review of excluded awards.

The reporting window is the 10-Q filed under accession 0000101829-26-000027 for RTX Corp (ticker RTX, CIK 0000101829) covering fiscal period period-ended-2026-06-30. Within that filing, the three-month reporting period the three months ended June 30, 2026 is presented against the prior-year comparative the three months ended June 30, 2025, and the six-month year-to-date period the six months ended June 30, 2026 is presented against the six months ended June 30, 2025, giving the four-period lattice that supports every directional statement above.

Source scope is limited to the cited filing itself; there is no separate press release or earnings deck attached to this section. RTX reports through three segments — Collins Aerospace, Pratt & Whitney, and Raytheon — with Raytheon on a fiscal calendar and Collins and Pratt & Whitney on calendar quarter ends, and management cautions that interim results are not necessarily indicative of full-year outcomes. The filing evidence contains no peer or industry comparison.

The filing evidence does not attribute this change to any single cause.

Financial performance

Reported facts

For the three months ended June 30, 2026, RTX Corp recorded Revenue from Contract with Customer, Excluding Assessed Tax of $24,708,000,000, Operating Income (Loss) of $2,811,000,000, Net Income (Loss) Attributable to Parent of $2,139,000,000, and Earnings Per Share, Diluted of $1.57 per diluted share per share, as detailed in Note 4. For the broader the six months ended June 30, 2026 window, the corresponding figures were Revenue of $46,784,000,000, Operating Income of $5,366,000,000, Net Income of $4,198,000,000, and Diluted EPS of $3.08 per diluted share per share.

The prior-year comparatives on file are Revenue of $21,581,000,000 for the three months ended June 30, 2025 and $41,887,000,000 for the six months ended June 30, 2025, Operating Income of $2,146,000,000 and $4,181,000,000, Net Income of $1,657,000,000 and $3,192,000,000, and Diluted EPS of $1.22 per diluted share and $2.36 per diluted share per share.

Management explanations

The filing, filed as 10-Q for period-ended-2026-06-30 under accession 0000101829-26-000027, describes RTX Corp as operating through three reporting segments — Collins Aerospace, Pratt & Whitney, and Raytheon — with Raytheon on a fiscal calendar and the other two on calendar quarter ends. Revenue is recognized over time on long-cycle contracts, and management reviews estimates at completion each reporting period, considering schedule, technical risks, customer activity levels, and variable consideration. Adjustments to those estimates flow through operating profit on a cumulative catch-up basis, and any loss provisions are recognized when identifiable. The same disclosure notes that Diluted EPS excludes stock awards whose assumed proceeds exceed the average market price, with separate excluded-award counts disclosed for both the quarter and the six months. Income-tax disclosure in Note 11 describes the effective tax rate for the quarter as benefiting from the conclusion of an Internal Revenue Service examination of an earlier tax year and from a higher stock-based-compensation tax benefit relative to the prior-year quarter; the year-to-date effective rate reflects those items together with a higher Foreign Derived Deduction Eligible Income benefit following U.S. tax legislation and a net benefit from certain legal-entity reorganizations.

Analyst inference

The filing evidence does not attribute this change to any single cause.

Counter-evidence

The filing carries no analyst commentary or third-party benchmarking, so any cross-issuer inference cannot be anchored to the filing evidence in this view.

Unknowns

The interim filing does not disclose segment-level revenue or operating income for the quarter or six months, The filing evidence does not disclose segment-level detail for this dimension., and the available evidence contains no peer or industry comparison, The filing evidence contains no peer or industry comparison.. Management does not present formal quantitative forward guidance in this report, and no management outlook table is reproduced in the cited context.

Operating drivers and segments

- RTX discloses that it operates in three reportable segments — Collins Aerospace (Collins), Pratt & Whitney, and Raytheon — with Raytheon following a fiscal calendar while Collins and Pratt & Whitney use calendar quarter ends (as noted under the cited references within the filing's exhibit index and Item 6 context). - At the consolidated level, Revenue from Contract with Customer, Excluding Assessed Tax for the three-month period of the three months ended June 30, 2026 reached $24,708,000,000, higher than the prior-year comparative of $21,581,000,000 for the three months ended June 30, 2025. - For the six-month year-to-date view of the six months ended June 30, 2026, the line reached $46,784,000,000, higher than the prior-year comparative of $41,887,000,000 for the six months ended June 30, 2025. - Operating Income (Loss) for the three months ended June 30, 2026 printed at $2,811,000,000, higher than $2,146,000,000 for the three months ended June 30, 2025. - Operating Income (Loss) for the six months ended June 30, 2026 stood at $5,366,000,000, higher than $4,181,000,000 for the six months ended June 30, 2025. - The filing evidence does not disclose segment-level detail for this dimension.

- Management frames the operating environment through its Estimate-at-Completion (EAC) review process described in Note 5, noting judgments over labor productivity and availability, materials cost and inflation, scope complexity, subcontractor execution, customer funding timing, overhead cost rates, and aircraft and engine utilization assumptions. Fixed-price development programs are singled out as carrying heightened judgment risk. - Contract accounting mechanics are restated: changes in estimates of net sales, cost of sales, and the related operating profit are taken on a cumulative catch-up basis, with associated loss provisions recognized for percentage-of-completion contracts. The cited note points to a statutory tax rate referenced in (omitted) applied to EAC adjustments. - Contract liabilities rose by a substantial magnitude during the six months ended June (omitted), attributed primarily to advances received and billings in excess of sales on certain contracts at Pratt & Whitney and Raytheon, per the discussion tied to Note 7. - Pension and postretirement plans, addressed under Note 10, are described as both funded and unfunded, domestic and foreign, with related assets sitting in Other assets on the Condensed Consolidated Balance Sheet. - Tax-rate commentary, captured in Note 11, flags a benefit tied to the conclusion of an IRS examination of RTX's (omitted) tax year and a higher tax benefit from stock-based compensation for the quarter ended June (omitted), alongside a net benefit from legal entity reorganizations affecting the comparable quarter. - Liquidity posture references use of commercial paper for general corporate purposes including short-term funding tied to acquisitions, pension contributions, debt refinancing, dividend payments, and common stock repurchases; no new borrowings or repayments of commercial paper with maturities greater than (omitted) days were recorded during the six months ended June (omitted) and (omitted).

Independent analysis treats the consolidated revenue and operating income readings as higher than the prior year on both windows, but the filing evidence does not disaggregate those outcomes by segment, so any attribution between Collins, Pratt & Whitney, and Raytheon would be speculation rather than sourced. The contract-liability expansion is the only segment-attributed signal in the filing text itself, and it names only Pratt & Whitney and Raytheon without quantifying their respective contributions. The EAC narrative supplies the company's stated framework for judging cost-to-complete, but does not pinpoint a single driver behind the period's operating profit movement. Comparisons to industry peers are not present in the cited material.

Cash flow and capital

- Operating Activities. RTX generated $5,402,000,000 USD in cash from operating activities during the six months covered by this 10-Q filing for period-ended-2026-06-30, a larger positive inflow than the $1,763,000,000 USD reported across the comparable six-month window. The accompanying narrative in Note 11 does not isolate a single driver for the period-over-period lift in operating cash generation; The filing evidence does not attribute this change to any single cause..

- Investing Activities. Cash used in investing activities widened to -$1,552,000,000 USD across the six months ended June 30, 2026, deeper than the -$1,187,000,000 USD outflow booked in the prior-year comparison, indicating larger net deployment of capital outside the operating business. Capital spending was the heaviest line on this side of the ledger.

Payments to acquire property, plant, and equipment climbed to $1,215,000,000 USD for the six months ended June 30, 2026, up from $1,043,000,000 USD in the six months ended June 30, 2025, consistent with stepped-up investment in manufacturing capacity and equipment. Derivative settlements on net investment hedges also flow through investing cash, as described in Note 12. - Financing Activities.

The financing line moved to a deeper cash drain of -$2,909,000,000 USD over the six months ended June 30, 2026, compared with -$1,409,000,000 USD the year before, reflecting a meaningful step-up in returns of capital to shareholders. Ordinary dividends paid rose to $1,898,000,000 USD against $1,750,000,000 USD in the prior year, a higher cash drain than the year-ago period. Common-stock repurchases told a different story: cash used for buybacks printed at $0 USD across the latest six months, against $50,000,000 USD a year earlier — a sharp pullback that left buyback cash outflow essentially zero in the current window.

Management notes in Note 1 and Note 16 link the share-repurchase activity to the redeemable noncontrolling-interest and shareowners' equity disclosures, while Note 9 catalogs the dividends-paid and repurchase-of-common-stock line items that flow through shareowners' equity. - Balance Sheet Positioning. Cash and equivalents on hand closed the balance sheet date of June 30, 2026 at $8,305,000,000 USD, the liquid buffer available to fund the dividend program, capital spending, and any near-term debt service.

Accounts payable outstanding stood at $16,998,000,000 USD at the same balance sheet date, the working-capital counterpart to those disbursements. The filing evidence does not attribute this change to any single cause. for the change in the cash balance.

- Capital Allocation Read-Through. The combination of higher capex, modestly higher operating cash flow, and a near-pause in buybacks alongside higher ordinary dividends points to a defensive-return posture: ordinary shareholders continue to receive cash, share repurchases are quiet, and free cash flow is being channeled toward property, plant and equipment rather than buyback support. The filing evidence contains no peer or industry comparison.

for industry-wide capital-return comparisons, and The filing evidence does not disclose segment-level detail for this dimension. for how this capex burden is split across Collins, Pratt & Whitney, and Raytheon in this filing.

Peer and historical context

RTX Corporation's second-quarter and year-to-date results, filed under the 10-Q for period-ended-2026-06-30 (accession 0000101829-26-000027), allow a year-over-year read against the prior-year comparative periods but offer nothing comparable against industry peers.

On the top line, revenue moved in a positive direction in both windows. For the three-month reporting period, revenue was $24,708,000,000 versus $21,581,000,000 in the prior-year quarter — a stated increase on a same-quarter basis. For the six-month year-to-date view, revenue was $46,784,000,000 versus $41,887,000,000, also a stated increase. RTX therefore, the question of whether that growth kept pace with — or outran — peers such as SMITH A O CORP (whose interim disclosure showed softer revenue, operating income, net income and diluted EPS on both the quarter and six-month views) is left open: The filing evidence contains no peer or industry comparison..

Operating profitability followed the same direction. Operating income for the quarter was $2,811,000,000 against $2,146,000,000 in the prior-year quarter, and for the six-month view was $5,366,000,000 against $4,181,000,000 — both stated increases, profit-to-profit. Net income attributable to parent was $2,139,000,000 versus $1,657,000,000 on the three-month view and $4,198,000,000 versus $3,192,000,000 on the six-month view, with each transition remaining profit-to-profit and each direction stated as an increase.

Cash generation is the one line that lets the historical lens extend across the full statement of cash flows. Net cash provided by operating activities for the six-month period was $5,402,000,000 versus $1,763,000,000, a stated increase on a positive prior-year base. The accompanying line items authorized for historical comparison tell a more nuanced story. Investing outflows (Payments to Acquire Property, Plant, and Equipment) were higher than the prior period, financing outflows remained negative and moved in a stated-decrease direction, ordinary dividend payments stepped up, and common-stock repurchases fell to zero from a positive prior-year figure. The mix — higher operating cash, higher capex, higher dividends, no buybacks — is the kind of pattern a reader might also weigh against peer filings like the AES Corp interim report, which similarly paired higher revenue and a loss-to-profit swing with stepped-up capital and dividend outflows. RTX, however, did not post a loss-to-profit transition on any line, so the parallel is illustrative only.

Management commentary in Note 11 explains that the quarter's effective tax rate benefited from the conclusion of an IRS examination and higher stock-based compensation deductions, while the six-month rate also reflected a higher Foreign Derived Deduction Eligible Income benefit tied to recent U.S. tax legislation and certain legal entity reorganizations. The note frames the two six-month rates as "relatively consistent."

Scenario analysis

A continuation case assumes the conditions visible in 10-Q for RTX Corp (RTX) hold broadly into the back half of the year. Revenue from contracts with customers of $46,784,000,000 for the six months ended June 30, 2026 and $24,708,000,000 for the three months ended June 30, 2026 would extend at a similar pace against the prior-year comparatives of $41,887,000,000 and $21,581,000,000. Net income attributable to parent of $4,198,000,000 for the six months ended June 30, 2026 and $2,139,000,000 for the three months ended June 30, 2026 would continue to compare against prior-year $3,192,000,000 and $1,657,000,000. The directional move authorized for both windows is a profit-to-profit increase on revenue and net income, leaving the underlying transition pattern unchanged.

A more favorable case would see revenue and net income extend their authorized year-over-year increases beyond the magnitudes implied by the current filing, with the quarter-to-quarter run-rate tracking the stronger half-year direction. That outcome would require the contract execution trends visible in the cited note to Note 5 and the contract assets and liabilities disclosure under Note 7 to keep progressing, while the inventory position summarized in Note 8 and accounts receivable under Note 6 convert into revenue and margin at a faster pace than the present six-month window reflects. The effective tax rate described in Note 11 and the disposition activity captured in Note 2 would also need to be neutral rather than a drag on net income.

A weaker case would see the authorized profit-to-profit increase on revenue and net income narrow rather than build, with margins pressured by any reversal of the contract-estimate trends captured under Note 5 or by working-capital movement under Note 6 and Note 8. Adverse movements in derivative exposures under Note 12 or in the fair-value classification tiers captured under Note 13 could compound that pressure. Tax-related developments, including the IRS examination context cited in Note 11, are an additional swing factor the filing explicitly flags. The filing evidence does not attribute this change to any single cause. The filing evidence contains no peer or industry comparison. The filing evidence does not disclose segment-level detail for this dimension.

Risks and what to watch

Most of what this filing pulls into the risk discussion is descriptive rather than numerical, so the Risks section here leans on context more than on point estimates. The qualitative narrative points to commodity, currency, and interest-rate swings that can lift the cost of running and financing the business, with derivatives — swaps, forward contracts, and options — used to blunt exposure. Outside that hedging language, the filing frames the period results as a continuation of the prior direction: revenue was higher year over year on both the three-month window and the six-month year-to-date view, and net income attributable to the parent was also higher on both windows, profit staying profit quarter to quarter and across the half year.

The prior-period comparative figures — six-month revenue of $41,887,000,000 USD, six-month net income of $3,192,000,000 USD, quarter revenue of $21,581,000,000 USD, and quarter net income of $1,657,000,000 USD — sit beside the current-period values of $46,784,000,000 USD, $4,198,000,000 USD, $24,708,000,000 USD, and $2,139,000,000 USD, but no specific cost-of-doing-business figure is presented here to quantify how much margin pressure, if any, the macro swings are creating. The filing evidence does not attribute this change to any single cause.

On the counter-evidence side, the filing does not flag any reversal, restatement, or one-time item that would undercut the year-over-year improvement, so the headline story is one-sided in the supportive direction for now. Read alongside a peer view such as the Smith (AOS) interim filing covering the same period, the directional contrast highlights how much of this quarter's read depends on company-specific drivers rather than on a uniform sector lift.

Unknowns are concentrated in three places: the filing does not break out segment-level revenue or margin detail for this dimension, leaving performance attribution between the major franchises to inference; it does not present peer or industry benchmarks, so relative positioning versus the broader aerospace and defense landscape cannot be judged from this document; and it does not assign a single cause to the period-over-period swings. Forward-looking items to watch next period include whether the higher revenue trajectory on both the quarter and the six-month year-to-date view holds, whether hedging gains and losses reported through Other income, net begin to move the bottom line more visibly, the cash flow profile tied to those hedging settlements, and any disclosure under the risk-factor or legal-proceedings headings captured by Item 1A and Item 1.

Inventory composition as detailed in Note 8, contract assets and liabilities per Note 7, and the fair-value hierarchy tables in Note 13 are the most useful granular reference points to revisit when the next interim lands.