markets · · seekingalpha.com
RTX Corporation Q3: Crushing Operational Expectations But Valuation Limits The Upside
RTX Corporation delivered operational outperformance in 2026 Q3, with revenue, operating profit, and EPS growth far exceeding my initial projections. RTX achieved a record $340 billion backlog, split between $176 billion in commercial aviation and $164 billion in defense, ensuring strong long-term cash flow visibility. Despite robust execution and segment strength, relative valuation models indicate RTX is overvalued versus peers, with 21–44% downside depending on the metric.
RTX Corporation delivered operational outperformance in 2026 Q3, with revenue, operating profit, and EPS growth far exceeding my initial projections. RTX achieved a record $340 billion backlog, split between $176 billion in commercial aviation and $164 billion in defense, ensuring strong long-term cash flow visibility. Despite robust execution and segment strength, relative valuation models indicate RTX is overvalued versus peers, with 21–44% downside depending on the metric.
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