PomegraRTX Stock Trades Near $193 Ahead of Q3 Earnings Report
Why is RTX stock in the news today?
RTX (NYSE: RTX) stock traded near $193 on Monday ahead of Tuesday's third-quarter earnings, with investors watching its $289B backlog and a China-free rare earth magnet deadline for defense suppliers.
Key numbers
| Q3 profit estimate (per share) | $1.78+4.7% YoY |
|---|---|
| Q3 sales estimate | $24.1B+7.2% YoY |
| Backlog (as of Q2) | $289B+22% YoY |
| 2026 profit guidance (per share) | $7.10–$7.25Raised in July |
| U.S. magnet output vs demand (per source 5) | 300 tonsvs 48,000 tons needed |
What happened
RTX (NYSE: RTX) stock traded near $193 on Monday ahead of Tuesday's third-quarter earnings, with investors watching its $289B backlog and a China-free rare earth magnet deadline for defense suppliers. Analysts expect profit of $1.78 per share, up 4.7% from a year ago, on sales of about $24.1B, up 7.2%. In July, RTX raised its own full-year profit forecast (guidance) to $7.10–$7.25 per share, and its backlog, the work already ordered but not yet delivered, was up 22%. From January 1, 2027, Pentagon rules bar Chinese-sourced magnets in U.S. defense products.
Why it matters
RTX is one of the largest makers of missiles and jet engines, so its report shows whether defense and air-travel demand is still strong. A big backlog means years of work are already booked. Rare earth magnets are small parts used in missiles and radar, and China makes over 90% of them. RTX is named among the defense contractors most exposed to the new rule.
Who this affects
- MarketneutralMedium impact
- Defense and aerospace investors look to RTX for sector direction.
- CompanymixedHigh impact
- Shareholders face high expectations after the stock's 9.2% jump in July.
- CompetitorsbearishMedium impact
- Lockheed and other defense firms face the same magnet deadline.
- IndustrybearishHigh impact
- Defense suppliers must find non-Chinese magnet sources by January 1.
RTX vs Northrop Grumman, GE Aerospace
How we got here
RTX reports Q2 sales of $24.7B, raises 2026 outlook, backlog hits $289B.
Report flags RTX among defense firms most exposed to the 2027 magnet rule.
RTX trades near $193 as analysts set Q3 bar at $1.78 per share.
RTX scheduled to report Q3 results before the market opens.
What to watch
- Whether RTX raises, keeps or cuts its $7.10–$7.25 full-year profit forecast2026-10-20
- Backlog compared with $289B and any comment on rare earth magnet sourcing2026-10-20
- Pentagon ban on Chinese-sourced magnets in defense products takes effect2027-01-01
Educational content only. Not investment advice.
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