NYSE$RTX

Raytheon-Technologies · Q2 2025 earnings

Q2 2025 earnings · · Before market open · Investor relations

Briefing

RTX reported Q2 2025 net sales of $21.6B with net income of $1.73B and diluted EPS of $1.22.

Second-quarter net sales were $21.6 billion with net income of $1.73 billion and diluted EPS of $1.22. Collins Aerospace, Pratt & Whitney, and Raytheon segment performance reflected commercial aftermarket strength and defense backlog execution amid supply-chain normalization.

  • Q2 net sales $21.6B; net income $1.73B.
  • Diluted EPS $1.22; commercial OE and aftermarket demand support growth.
  • Defense programs and missile systems backlog remain long-cycle drivers.
  • Supply-chain and labor costs still influence delivery cadence.

Headline financials

Total Revenue

$21.6B

Previous: $19.7B+9.4%
EPS (adj)

$1.22

Previous: $0.08+1425.0%
Capital Expenditures

-$1.04B

Previous: -$1B-3.9%
Free Cash Flow

$614M

Previous: -$893M+168.8%
Net Income

$1.66B

Previous: $111M+1392.8%
Operating Income

$2.15B

Previous: $529M+305.7%
Cash & Equivalents

$4.78B

Previous: $6.01B-20.4%
Total Assets

$167B

Previous: $161B+3.7%
R&D Expense

$697M

Previous: $706M-1.3%

Revenue & EPS history

Raytheon · Revenue · Quarterly

$21.6B

Q2 2025+9.4%vs Q2 2024
Beat estimate in 12 of 15 quarters(80%)
ActualEstimate

Revenue by segment

Raytheon · $14B total across 3 segments · Q3 2023

  • Collins Aerospace
    $6.63B+30.0%
  • Raytheon
    $6.47B+76.0%
  • Pratt & Whitney
    $926M-82.8%

Forward guidance

The filing discusses RTX's outlook, capital allocation, and key risks for upcoming quarters, including guidance ranges or operating priorities where disclosed in MD&A.

Tailwinds

  • Aerospace and semiconductor demand support multiyear backlog visibility.
  • RTX cites execution and demand supporting the near-term outlook.
  • Liquidity and balance-sheet capacity support operations and shareholder returns.

Headwinds

  • Macro, input costs, and FX may pressure margins quarter to quarter.
  • Segment mix and one-time items can affect comparability versus prior periods.
  • Supply-chain bottlenecks and export rules can delay revenue recognition.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q2 2025

Historical avgQ2 2025

-0.3%

Avg return

Earnings day

+0.2%

Avg return

5 days after

+2.4%

Avg return

30 days after

44%

32 / 73 earnings

Positive

+8.7%

Q2 2024

Best reaction

-13.9%

Q3 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-4.2%-11.0%-10.1%
Q4 2025+3.1%+3.5%+1.8%
Q3 2025+7.6%+11.2%+7.5%
Q2 2025-0.4%-1.3%+0.1%
Q1 2025-9.8%-0.7%+6.3%
Q4 2024+2.6%+3.1%+4.4%
Q3 2024+1.0%-0.6%-4.3%
Q2 2024+8.7%+11.5%+13.1%
Q1 2024-0.5%-0.1%+3.8%
Q4 2023+5.3%+6.3%+5.3%
Q3 2023+7.2%+8.2%+9.1%
Q2 2023-11.0%-10.0%-12.2%
Q1 2023-4.7%-2.5%-9.1%
Q4 2022+3.9%+3.5%+3.5%
Q3 2022+0.9%+6.0%+8.2%
Q2 2022-4.5%-1.4%+1.6%
Q1 2022-0.8%-4.7%-4.6%
Q4 2021+1.0%+2.5%+7.0%
Q3 2021-2.3%-2.7%-4.5%
Q2 2021+1.5%+1.2%-1.4%
Q1 2021+2.6%+2.8%+9.4%
Q4 2020-1.2%+0.7%+10.6%
Q3 2020-13.9%-10.7%+21.4%
Q2 2020-2.8%-7.2%-0.3%
Q1 2020+1.3%-2.1%+24.4%
Q4 2019+1.2%-0.5%-12.5%
Q3 2019-0.3%+0.3%+3.0%
Q2 2019-0.5%-2.0%-9.5%
Q1 2019+3.3%+3.7%+10.6%
Q4 2018+0.9%+2.2%+2.2%
Q3 2018-2.7%-0.2%+3.7%
Q2 2018-2.0%-0.7%-1.8%
Q1 2018-1.9%-0.0%-4.5%
Q4 2017-0.1%-0.6%+5.2%
Q3 2017-0.1%+0.2%-2.5%
Q2 2017-0.1%+1.4%-3.0%
Q1 2017-0.5%+0.0%+5.8%
Q4 2016+0.6%+1.1%+1.6%
Q3 2016+0.8%+1.0%+7.7%
Q2 2016-0.6%-1.2%-0.3%
Q1 2016-0.3%
Q4 2015-1.2%
Q3 2015+0.4%
Q2 2015-2.2%
Q1 2015-2.5%
Q4 2014+1.7%
Q3 2014+1.0%
Q2 2014+0.0%
Q1 2014+2.7%
Q4 2013+2.6%
Q3 2013-1.0%
Q2 2013+0.3%
Q1 2013-0.5%
Q4 2012+0.8%
Q3 2012+1.1%
Q2 2012+0.2%
Q1 2012-0.2%
Q4 2011+2.2%
Q3 2011-0.4%
Q2 2011-1.7%
Q1 2011+1.3%
Q4 2010+1.5%
Q3 2010-0.4%
Q2 2010+0.3%
Q1 2010-2.8%
Q1 2009-2.8%
Q4 2007-1.5%
Q4 2009-1.5%
Q3 2009-1.6%
Q3 2008-1.6%
Q2 2008-2.4%
Q4 2008-2.4%
Q2 2009-2.4%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro