Q1 2026 RTX Corp Earnings Call Transcript
Key Points
- RTX Corp (RTX) reported strong financial performance with adjusted sales of $22.1 billion, up 10% organically.
- The company achieved a record backlog of $271 billion, up 25% year over year, indicating robust demand for its products.
- RTX Corp (RTX) raised its full-year outlook for adjusted sales and EPS, reflecting confidence in continued growth.
- Significant progress was made in munitions output, with deliveries up over 40% year over year.
- The GTF program achieved 10 years in service, with over 50 million flight hours and a backlog of about 8,000 engines.
- The company faces challenges in ramping up production due to supply chain constraints, particularly in rocket motors and microelectronics.
- Tariffs continue to impact the business, with a 130 basis point headwind from tariffs affecting Collins' margins.
- RTX Corp (RTX) is dealing with ongoing fleet health issues related to the GTF engines, impacting operational efficiency.
- The company is navigating uncertainties in the global operating environment, including geopolitical tensions and fuel price volatility.
- There is a need for significant investment in capacity expansion and supply chain resilience to meet future demand.
Good day and welcome to the RTX first-quarter 2026 earnings conference call. My name is Lateef, and I will be your operator for today. As a reminder, this conference is being recorded for replay purposes.
On the call today are Chris Calio, Chairman and Chief Executive Officer; Neil Mitchill, Chief Financial Officer; and Nathan Ware, Vice President of Investor Relations. This call is being webcast live on the internet, and there is a presentation available for download from RTXâs website at www.rtx.com.
Please note, except where otherwise noted, the company will speak to results from continuing operations, excluding acquisition, accounting adjustments, and net non-recurring and/or significant items, often referred to by management as other significant items.
The company also reminds listeners that the earnings and cash flow expectations and any other forward-looking statements provided in this call are subject to risks and uncertainties. RTX SEC filings, including its Forms 8-K, 10-Q, and 10-K, provide details on
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