RTX Q1 2026 Earnings Beat: $1.55 EPS, $24.24B Revenue — The Iran War Is Raytheon's Growth Engine

# RTX Q1 2026 Earnings Beat: $1.55 EPS, $24.24B Revenue — The Iran War Is Raytheon's Growth Engine

> **Quick answer:** RTX beat Q1 2026 estimates on both lines — $1.55 adjusted EPS vs. $1.47 consensus (+$0.08, +5.4%) and $24.24B revenue vs. $22.65B consensus (+$1.59B, +7%). The driver is not a mystery: the U.S. has fired at least 850 Tomahawk cruise missiles in Operation Epic Fury since February 28, depleting stockpiles and triggering a replenishment cycle that flows directly into Raytheon's $107B defense backlog. Every missile expended is a future order — and the ceasefire that briefly paused that demand expires tonight.

RTX Q1 2026 earnings results landed before market open on April 21 and confirmed what the defense trade had been pricing in for weeks: the Iran war is a revenue event for Raytheon. The company posted its strongest quarterly beat in recent history, and the structural driver — the depletion-to-replenishment loop created by active large-scale missile use — is not going away regardless of whether the ceasefire holds or breaks.

*This article is for informational purposes only and does not constitute financial advice. Consult a qualified financial advisor for personal financial decisions.*

## The Numbers: A Clean, Comprehensive Beat

RTX reported the following Q1 2026 results before market open on April 21: