RTX Corp. beat earnings estimates in Q3 2026, raised full-year guidance, and saw strong stock performance amid high valuation concerns.

RTX Corporation, formed from the 2020 merger of Raytheon and United Technologies, reported strong third-quarter 2026 results with $1.55 in adjusted earnings per share and $24.24 billion in revenue, exceeding estimates and marking a 12.1% year-over-year growth. The company raised its full-year 2026 earnings guidance to $6.60–$6.80 per share, supported by a $260 billion backlog and improved free cash flow. Institutional activity included Independent Advisor Alliance increasing its stake to 61,284 shares and Meridian Wealth Management reducing its holding by 4.4%. The stock, trading near a 52-week high of $205.36 with a market cap of $269.29 billion, holds a consensus “Moderate Buy” rating and an average price target of $198.89. Despite positive fundamentals, concerns over its high P/E ratio of 40.49 and institutional trading activity may limit near-term gains.