RTX · RTX Corporation Q2 FY2026 earnings call record财报电话会记录

“Adjusted EPS of $1.89 was up 21% year-over-year, driven by 18% growth in segment operating profit.”

“These bookings included over $5 billion of GEM-T Patriot effectors driven by international customers and our first domestic GEM-T production order in over 30 years.”

“In the first half of the year, Raytheon booked over $10 billion of international awards, which is up more than 2x year-over-year, including over $7 billion from our European customers.”

“Segment margins expanded 40 basis points in the quarter, with contributions from all three segments.”

“On the top line, we're raising our full-year adjusted sales outlook by $2.5 billion to a new range of $95 billion-$96 billion, up from our prior range of $92.5 billion-$93.5 billion.”

“This translates to full-year RTX organic sales growth of between 8% and 9%, up from our prior range of between 5%-6%.”

“Finally, we now expect free cash flow to be between $8.5 billion and $8.75 billion for the full year, up from our prior range of $8.25 billion-$8.75 billion, primarily driven by higher segment operating profit.”

“With respect to operating profit, we now expect growth between $550 million and $625 million versus 2025, up from our prior expectation of between $425 million and $525 million, driven by drop-through on increased sales volume and ongoing cost-reduction initiatives.”

“With respect to operating profit, we now expect growth between $275 million and $350 million versus 2025, up from our prior expectation of between $225 million and $325 million, primarily driven by drop-through on increased sales volume.”

“Bookings in the quarter were $19.9 billion, resulting in a book-to-bill of 2.42 and a backlog of $86 billion.”

“The other thing, to a lesser extent, that's helping the second quarter is international advances on all those awards that we got, most particularly within the Raytheon segment.”

“Cumulatively, year-to-date, we're about $40 million, which frankly isn't that significant, which tells me that we've got a good solid base margin in the business and in the backlog.”