RTX Raises 2026 Revenue Guidance to $95–96B as Backlog Hits Record $289B
RTX Raises 2026 Revenue Guidance to $95–96B as Backlog Hits Record $289B
Aerospace and defense giant RTX Corporation has raised its 2026 revenue guidance to a range of $95 billion to $96 billion, signaling strong momentum heading into next year. The upgraded outlook comes alongside a record order backlog, underscoring sustained demand across both its commercial and defense segments.
Record $289B Backlog, Up 22% Year-Over-Year
RTX reported a record backlog of $289 billion, marking a 22% increase year-over-year. The backlog breaks down into:
$170 billion in commercial orders
$119 billion in defense orders
The company also logged $43 billion in new bookings, reinforcing the strength of demand across its aerospace and defense divisions. A backlog of this size gives investors visibility into future revenue and suggests the growth isn't a short-term spike but part of a longer pipeline of committed orders.
Susquehanna Raises Price Target to $245
Following the guidance update, investment firm Susquehanna raised its price target on RTX stock to $245, up from $235 — a $10 increase. The firm did not provide additional commentary or a specific timeline alongside the revised target.
Why It Matters
A raised revenue guide paired with a record backlog is typically read by markets as a sign of durable, not just cyclical, growth. For investors and analysts tracking broader market sentiment — including how strength in traditional sectors like aerospace and defense can shape risk appetite across asset classes, from equities to digital assets — RTX's updated numbers add another data point to a resilient 2026 macro picture.
This article is for informational purposes only and does not constitute financial advice. Do your own research.
