RTX Corporation Revenue Climbs 9% to $22.1B in Q1 2026
RTX Corporation, an aerospace and defense conglomerate, reported revenue of $22.08 billion for the first quarter of 2026, up from $20.31 billion in the same period a year earlier. Net income rose to $2.06 billion.
RTX Corporation (NYSE: RTX), an aerospace and defense conglomerate, reported revenue of $22.08 billion for the three months ending March 31, 2026, up 9% from $20.31 billion in the first quarter of 2025. Read more earnings reports.
Net income for the quarter reached $2.06 billion, compared with $1.54 billion in the prior-year period, an increase of 34%. Diluted earnings per share rose to $1.51 from $1.14 a year earlier.
Operating income for the quarter totaled $2.56 billion, up from $2.04 billion in Q1 2025. The company recorded income tax expense of $363 million for the quarter, compared with $333 million in the year-ago period.
Cash Flow and Balance Sheet
Cash from operations for the quarter was $1.86 billion, up from $1.31 billion in the first quarter of 2025. The company used $608 million in investing activities and $1.84 billion in financing activities during the quarter.
Cash and cash equivalents stood at $6.82 billion as of March 31, 2026, down from $7.44 billion at the end of December 2025. Total assets were $170.43 billion as of the quarter end, compared with $171.08 billion three months earlier.
Stockholders' equity increased to $66.28 billion as of March 31, 2026, from $65.25 billion at the end of the prior quarter. Retained earnings rose to $57.86 billion from $56.72 billion over the same period.
Quarterly Financial Summary
| Metric | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $22.08 billion | $20.31 billion | +9% |
| Operating Income | $2.56 billion | $2.04 billion | +26% |
| Net Income | $2.06 billion | $1.54 billion | +34% |
| EPS (Diluted) | $1.51 | $1.14 | +32% |
| Cash from Operations | $1.86 billion | $1.31 billion | +42% |
The company had 1.35 billion weighted average diluted shares outstanding during the quarter, compared with 1.35 billion in the prior-year period. As of March 31, 2026, RTX had 1.35 billion shares outstanding.
Research and development expenses for the quarter totaled $627 million, down slightly from $637 million in Q1 2025. Selling, general and administrative expenses rose to $1.48 billion from $1.45 billion year-over-year.