该报告暂无中文版，以下为英文版分析。
按公开的固定规则计算，不是模型的主观判断——但其中一项输入（高等级风险的条数）取自下方的 AI 分析。
非投资建议，也不是目标价——评的是本季基本面，不是股价。 完整方法论 →
AI核心结论
RTX delivered strong Q1 FY2026 results with revenue of $22.1B (+8.7% YoY), net income surging 34.1% to $2.1B, and operating cash flow jumping 42.1% to $1.9B, reflecting broad-based operational improvement across its defense and aerospace segments.
营收
220.76亿美元
同比 +8.72%
每股收益（稀释）
1.51美元
同比 +32.46%
营业利润
25.55亿美元
同比 +25.55%
SEC XBRL 原值
Rtx (RTX) Q1 FY2026 营收 220.76亿美元，同比增长 8.7%。 营业利润率 11.6%，较去年同期的 10.0% 扩大 1.6 个百分点。 经营活动现金流 18.55亿美元，同比增长 42.1%。 RTX 的财年 Q1 FY2026 对应日历 Q1 2026。
近 4 个季度：4 次超预期
| 季度 | 实际 EPS（美元） | 市场预期（美元） | 结果 |
|---|---|---|---|
| 2026年6月 | 1.89 | 1.68 | 超预期 +12.6% |
| 2026年3月本次财报 | 1.78 | 1.53 | 超预期 +16.1% |
| 2025年12月 | 1.55 | 1.48 | 超预期 +4.6% |
| 2025年9月 | 1.70 | 1.42 | 超预期 +19.5% |
2026年3月 调整后（非 GAAP） EPS 1.78美元，分析师一致预期 1.53美元，超预期 +16.1%。 分析师一致预期按市场通行的调整后（非 GAAP）口径。本季 GAAP 稀释每股收益为 1.51美元。
由 AI 基于本次 SEC 报告整理
RTX grew total revenue by 8.7% YoY to $22.1B in Q1 FY2026, up from $20.3B in the prior-year period, suggesting sustained demand across its defense systems and commercial aerospace businesses.
来源: 10-Q Income Statement, Q1 FY2026
Operating income rose 25.6% YoY to $2.6B, outpacing revenue growth and expanding operating margin by approximately 155 basis points to 11.6%, indicating improved cost efficiency and favorable mix shift.
来源: 10-Q Income Statement & Key Ratios, Q1 FY2026
Net income increased 34.1% YoY to $2.1B, with diluted EPS rising 32.5% to $1.51, reflecting both operational improvement and a lower share count from prior buyback activity.
来源: 10-Q Income Statement, Q1 FY2026
Operating cash flow grew 42.1% YoY to $1.9B, while cash and equivalents increased 32.2% to $6.8B, providing RTX with meaningful liquidity to fund operations, investments, and shareholder returns.
来源: 10-Q Cash Flow Statement & Balance Sheet, Q1 FY2026
R&D expense declined modestly by 1.6% YoY to $627M, and SG&A grew only 1.9% to $1.5B, both well below the revenue growth rate, contributing to the margin expansion observed in the quarter.
来源: 10-Q Income Statement, Q1 FY2026
由 AI 基于本次 SEC 报告整理 · 高 0 中 3 低 2
RTX's current ratio stands at approximately 1.02x, meaning current assets barely cover current liabilities of $58.6B. Any unexpected working capital demands or contract delays could pressure short-term liquidity, particularly given the capital-intensive nature of defense and aerospace programs.
来源: 10-Q Balance Sheet, Q1 FY2026
RTX carries a debt-to-equity ratio of approximately 1.54x, reflecting significant leverage relative to its equity base of $66.3B. Elevated debt levels increase interest expense sensitivity to rate changes and could constrain the company's ability to pursue large acquisitions or weather a revenue downturn.
来源: 10-Q Balance Sheet & Key Ratios, Q1 FY2026
Share buybacks dropped to $0 in Q1 FY2026 from $50M in the prior-year period, a 100% decline. This could indicate management is prioritizing debt reduction or preserving cash amid macroeconomic uncertainty, potentially reducing a key source of EPS support going forward.
来源: 10-Q Cash Flow Statement, Q1 FY2026
Financing cash flow was -$1.84B in Q1 FY2026, a 74.2% increase in outflows compared to -$1.06B in the prior year, suggesting higher debt repayments or dividend distributions that could reduce available capital for reinvestment.
来源: 10-Q Cash Flow Statement, Q1 FY2026
RTX's ROE of 3.1% and ROA of 1.2% are relatively modest, reflecting the capital-intensive nature of its defense and aerospace operations. Sustained low returns on capital could limit long-term value creation if not improved through margin expansion or asset efficiency gains.
来源: 10-Q Key Ratios, Q1 FY2026
| 指标 | 当期 | 上期 | 同比变化 |
|---|---|---|---|
营收 亿美元 | 220.76 亿美元 | 203.06 亿美元 | +8.72% |
营业利润 亿美元 | 25.55 亿美元 | 20.35 亿美元 | +25.55% |
净利润 亿美元 | 20.59 亿美元 | 15.35 亿美元 | +34.14% |
每股收益（基本） 美元 | 1.53 美元 | 1.15 美元 | +33.04% |
每股收益（稀释） 美元 | 1.51 美元 | 1.14 美元 | +32.46% |
研发费用 亿美元 | 6.27 亿美元 | 6.37 亿美元 | -1.57% |
销售及管理费用 亿美元 | 14.76 亿美元 | 14.48 亿美元 | +1.93% |
答案基于本次 SEC 报告与本页数据
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