EarningsQ2 2026 Earnings Report
MX:TXT Q2 2026 EPS Results
Actual EPS$29.10
Consensus EPS$27.81
Beat/MissBeat by +$1.29
One Year Ago EPS$27.84
MX:TXT Q2 2026 Revenue Results
Actual Revenue$68.74B
Expected Revenue$68.38B
Beat/MissBeat by +$365.05M
YoY Revenue Growth+2.99%
Earnings Announcement Details
QuarterQ2 2026
Date07/28/2026
TimeBefore Open
Conference CallTuesday, July 28, 2026
MX:TXT Upcoming Earnings
Textron's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:TXT Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a generally positive operational and demand backdrop — revenue growth, strong backlogs across aviation, Bell and systems, key product milestones, and strategic progress toward becoming a pure-play aerospace & defense company. However, near-term execution and liquidity headwinds were emphasized: a sizable drop in manufacturing cash flow, manufacturing inefficiencies (especially in Aviation), supply‑chain and newer‑workforce productivity challenges, and funding timing risk for the MV‑75 program that could reduce EPS and cash flow if additional FY26 funds are not received. Management reiterated full‑year guidance while outlining concrete investments and steps to address execution gaps.Company Guidance
Consolidated Revenue Growth
Total revenues of $3.8 billion in Q2 2026, up 3% year-over-year (+$111 million). First half revenues up $500 million or 7% versus prior year.
Backlog Strength Across Aerospace & Defense
Robust backlog positions: Textron Aviation backlog $8.0 billion, Bell backlog $7.5 billion, Textron Systems backlog $3.3 billion — supporting multi-year demand visibility.
Product and Production Milestones
Rolled out 500th Citation CJ4 and 700th Bell 505; Gen3 light jet programs (CJ4 Gen3, M2 Gen3 in flight test; CJ3 Gen3 first flight expected in Q3) and Denali on track to enter service in 2027.
Bell Program Execution and Efficiency Gains
Bell revenue up 6% to $1.1 billion (+$58 million). MV-75 program progressed with first two wing structures completed; first wing fabricated with ~90% fewer labor hours vs initial V‑22 wing build and second wing another ~40% reduction on that, highlighting improvements in producibility and affordability.
Textron Systems Momentum
Systems revenue $347 million, up 7% (+$23 million) and segment profit $44 million, up 10% (+$4 million). Began production of 65 Mobile Strike Force Vehicles for Ukraine and continued ARV pre-production work following a $450 million award.
Industrial Performance and Strategic Portfolio Move
Industrial revenues $848 million (up $9 million); segment profit $59 million, up 9% (+$5 million). Announced initiation of a process to pursue sale of the Industrial segment to become a pure-play aerospace & defense company.
Shareholder Returns and EPS
Repurchased ~2.3 million shares, returning $209 million to shareholders. Adjusted net income of $1.62 per share in Q2 2026 versus $1.55 in Q2 2025. Company reiterated full-year adjusted EPS guidance of $6.40–$6.60.
Operational Improvements and Digital/Capacity Investments
Investments in workforce training (Textron Aviation Career & Learning Center), expanded engineering production support, dual-sourcing efforts, capacity additions (landing gear, milling, paint), AI-enabled shop floor scheduling at Bell, and capital investments at drive systems and rotors facilities.
MX:TXT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed