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RTX
FY2026 Q1
상향
RTX Corporation 실적 발표
Buzzberg 분석
Munitions deliveries up over 40% year-over-year
RTX reported a strong Q1 with 10% organic sales growth, raised full-year revenue and EPS guidance on defense strength, and affirmed FCF outlook. Management highlighted robust demand across commercial and defense, with notable GTF wins (Finnair) and supply chain progress on powder metal issues. Adjusted sales $22.1B (+10% organic), EPS $1.78 (+21%), FCF $1.3B (+$0.5B YoY).
Buzzberg 분석 Munitions deliveries up over 40% year-over-year RTX reported a strong Q1 with 10% organic sales growth, raised full-year revenue and EPS guidance on defense strength, and affirmed FCF outlook. Management highlighted robust demand across commercial and defense, with notable GTF wins (Finnair) and supply chain progress on powder metal issues. Adjusted sales $22.1B (+10% organic), EPS $1.78 (+21%), FCF $1.3B (+$0.5B YoY). 전체 분석 보기분석 접기
RTX reported a strong Q1 with 10% organic sales growth, raised full-year revenue and EPS guidance on defense strength, and affirmed FCF outlook. Management highlighted robust demand across commercial and defense, with notable GTF wins (Finnair) and supply chain progress on powder metal issues. Adjusted sales $22.1B (+10% organic), EPS $1.78 (+21%), FCF $1.3B (+$0.5B YoY).
- Raised FY2026 revenue outlook to $92.5-93.5B and EPS to $6.70-6.90; FCF maintained at $8.25-8.75B.
- Backlog hit a record $271B (+25% YoY) with book-to-bill of 1.14x.
- Defense demand strong: Raytheon munitions output +40% YoY, five framework agreements with DoD for critical munitions.
매출$22.076B-9% 전분기 대비
주당순이익(EPS)$1.78+15% 전분기 대비
매출총이익률20.81%보고값
영업이익률11.57%보고값
근거 있는 핵심 내용 6개
지금 중요한 점
이번 발표에서 가장 의미 있는 변화를 정리했습니다.
Demand
Record backlog of $271 billion, up 25% year-over-year
Demand
Framework agreements to boost munitions production over next decade
핵심 내용 3개 더 보기
Guidance
No change to commercial outlook despite Middle East volatility
Product
GTF Advantage certification received, entry into service later this year
Operations
Grounded engines down 15% from end of last year
보고 기간
보고 실적
| 지표 | 보고값 | 변화 |
|---|---|---|
| 매출 | $22.076B | -9% 전분기 대비 |
| 주당순이익(EPS) | $1.78 | +15% 전분기 대비 |
| 매출총이익률 | 20.81% | 보고값 |
| 영업이익률 | 11.57% | 보고값 |
| 잉여현금흐름 | $1.211B | 보고값 |
| 자본지출 | $0.644B | 보고값 |
향후 전망
향후 가이던스
| 지표 | 기간 | 범위 | 중간값 | 상태 |
|---|---|---|---|---|
| 주당순이익(EPS) | FY2026 | $6.70–$6.90 | $6.80 | 상향 |
| 잉여현금흐름 | FY2026 | $8.25B–$8.75B | $8.5B | 유지 |
| 매출 | FY2026 | $92.5B–$93.5B | $93B | 상향 |
AI, 자본지출 및 수요 분석
경영진 분석
Confident
Management expressed confidence in strong demand and execution, raising full-year guidance while acknowledging dynamic market conditions.
투자 및 생산능력
Management highlighted ongoing investments to expand capacity, including a $200 million expansion at Pratt's Columbus, Georgia facility, a $115 million expansion of Raytheon's Redstone Missile Integration Facility, and nearly $900 million in capex over the last three years for munitions capacity, with additional significant investments planned to support framework agreements.
아래에 언급된 기업 5개 모두 표시
기업발표 이후 수익률
고객
고객
Chris Kellio
Finnair selected the GTF engine for up to 46 Embraer E-2 aircraft, a notable win that underscores customer confidence despite ongoing powder metal durability issues. — The order validates that RTX's engine is competitive in the regional market and provides a direct boost to Embraer's E-Jet E2 backlog.
근거
“Finnair announced their intention to purchase up to 46 GTF-powered Embraer E-2 aircraft.”
파트너
파트너
Chris Kellio
Ongoing negotiations with Airbus on GTF delivery levels and allocations reflect the balancing act between OE requirements and fleet health, but the relationship remains constructive.
근거
“We will continue to work through our issues as we always do in a constructive and transparent manner.”
공급망
공급망
Chris Kellio
Pratt & Whitney powered approximately 45% of A320 deliveries in the quarter, exceeding its ~40% program share, indicating share gains versus CFM engines. — This suggests RTX is capturing more than its contractual share on the hotly contested A320 narrowbody platform, pressuring GE and Safran on their CFM product.
근거
“Pratt powering about 45% of the A320 deliveries to date ahead of our roughly 40% sold program share.”
외부 신호
공급망 알파 · 2발표 이후 수익률
Pratt & Whitney powered approximately 45% of A320 deliveries in the quarter, exceeding its ~40% program share, indicating share gains versus CFM engines.
Finnair selected the GTF engine for up to 46 Embraer E-2 aircraft, a notable win that underscores customer confidence despite ongoing powder metal durability issues.
방법론 및 범위
경영진 발언만 분석합니다. 검증된 기업 언급 5개를 모두 표시하며, 보고 실적과 향후 가이던스를 분리합니다. 공개 근거는 화자가 표시된 짧은 인용문 8개로 제한됩니다. AI 분석은 불완전하거나 틀릴 수 있으므로 중요한 주장은 원문에서 확인하세요.