RTX Soars in Q3 2026: Record Sales, Backlog, and Contracts
RTX, a leading provider of technology and innovation solutions, has reported an outstanding third quarter in 2026. According to the company's recent conference call transcript, RTX delivered another very strong quarter of results across its operations.
The company's adjusted sales reached $25 billion, representing a 12% organic growth with double-digit expansion across commercial original equipment (OE), commercial aftermarket, and defense segments. Adjusted earnings per share (EPS) came in at $2.26, up 33% year-over-year, including $0.25 from IEEPA cost recovery.
RTX's free cash flow was also strong at $2.1 billion, further demonstrating the company's operational prowess and ability to generate significant cash flows. The company ended Q3 with a record backlog of $340 billion, up 36% year-over-year and 18% sequentially, indicating robust global demand for its products and services.
On the defense side, RTX booked nearly $59 billion of awards, driven by significant multi-year production contracts for Tomahawk, AMRAAM, SM-6, and SM-3 IB. The company's collaboration with the Department of Defense on these contracts reinforces the need for its highly capable and proven systems, which will be a significant revenue driver over the next decade.
Commercial orders at RTX were also impressive, with over $22 billion in new orders in Q3, representing 60% year-over-year growth across both OE and aftermarket segments. Pratt announced significant GTF engine orders and commitments, including British Airways' selection of the GTF to power up to 63 aircraft.
In commercial aerospace, RTX continues to see positive trends with increasing OE production rates on key platforms, growing its installed base. The company's MRO demand remains strong, with engine retirements in line with expectations. Business aviation also shows strength, with global business jet departures up year-to-date.
On the defense side, RTX remains exceptionally well-positioned to meet growing demand given its proven capabilities, regional partnerships, and ability to produce at scale. The company's ongoing discussions with the Department of War give further confidence that key programs will remain funding priorities.
