We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Textron reported Q3 adjusted EPS of $1.76, up 13.5% year over year and 23.1% above estimates.
Textron Aviation revenues jumped 14% to $1.7B, driven by higher volume and mix, including Citation jets.
Textron raised its 2026 adjusted EPS guidance to $6.55-$6.65, above the consensus estimate of $6.51.
Textron Inc. (TXT - Free Report) reported third-quarter 2026 adjusted earnings of $1.76 per share, which surpassed the Zacks Consensus Estimate of $1.43 by 23.1%. The bottom line also rose 13.5% from $1.55 in the year-ago quarter.
The company reported GAAP earnings of $1.56 per share compared with $1.31 a year ago.
TXT’s Revenues
The company reported total revenues of $3.75 billion, which missed the Zacks Consensus Estimate of $3.76 billion by 0.2%. However, the top line increased 4.1% from the year-ago quarter’s level of $3.6 billion.
Textron Aviation: Revenues from this segment increased 14% year over year to $1.7 billion. This was primarily due to higher volume and mix, largely reflecting higher Citation jet volume, partially offset by lower commercial turboprop volume.
The segment delivered 51 jets, up from 42 in the year-ago quarter. It also delivered 32 commercial turboprops, down from 39 in the third quarter of 2025.
Order backlog at the end of the reported quarter totaled $8 billion.
Bell: Revenues from this segment amounted to $933 million, down 9% from the year-ago quarter’s registered number. This was primarily attributable to a $59 million decline in military revenues, driven by lower volumes on the MV-75 program.
Bell delivered 29 commercial helicopters compared with 30 in the prior-year period.
Its order backlog at the end of the quarter totaled $7.6 billion.
Textron Systems: This segment’s revenues amounted to $360 million, up $50 million from the prior-year level.
Textron Systems’ backlog at the end of the quarter totaled $3.5 billion.
Industrial: Revenues from this segment increased $4 million to $765 million.
Finance: This segment’s revenues amounted to $13 million compared with $26 million in the year-ago quarter. The decline in revenues and segment profit was primarily attributable to $11 million in gains from the sale of non-captive assets recorded in the third quarter of 2025.
Textron’s Financials
As of Oct. 3, 2026, cash and cash equivalents totaled $1.61 billion compared with $1.94 billion as of Jan. 3, 2026.
Net cash from operating activities during the first nine months of 2026 amounted to $640 million compared with $629 million in the year-ago period.
Capital expenditures amounted to $102 million in the third quarter compared with $76 million in the year-ago quarter.
The long-term debt totaled $3.11 billion as of Oct. 3, 2026, compared with $3.53 billion as of Jan. 3, 2026.
TXT’s Guidance
The company raised its 2026 adjusted earnings guidance to $6.55-$6.65 from its previous projection of $6.40-$6.60. The Zacks Consensus Estimate for earnings is pegged at $6.51 per share, which is lower than the company’s newly guided range.
The Boeing Company (BA - Free Report) incurred an adjusted loss of 34 cents per share in the third quarter of 2026, wider than the Zacks Consensus Estimate of a loss of 21 cents. The reported figure improved from the year-ago quarter’s reported loss of $7.47 per share.
BA’s revenues amounted to $24.19 billion, which marginally missed the Zacks Consensus Estimate of $24.28 billion by 0.4%. However, the top line increased 3.9% from the year-ago quarter’s reported figure of $23.27 billion.
Lockheed Martin Corporation (LMT - Free Report) reported third-quarter 2026 adjusted earnings of $7.97 per share, which beat the Zacks Consensus Estimate of $7.49 by 6.4%. The bottom line increased 14.7% from the year-ago quarter's reported figure of $6.95.
LMT’s net sales were $20.71 billion, which beat the Zacks Consensus Estimate of $20.44 billion by 1.4%. The top line inched up 11.3% from $18.61 billion reported in the year-ago quarter.
Northrop Grumman Corporation (NOC - Free Report) reported third-quarter 2026 adjusted earnings of $7.89 per share, which beat the Zacks Consensus Estimate of $7.22 by 9.3%. The bottom line also increased 2.9% from the year-ago quarter’s level of $7.67.
NOC’s total sales of $11.12 billion beat the Zacks Consensus Estimate of $11.06 billion by 0.6%. The top line improved 6.7% from $10.42 billion reported in the year-ago quarter.
Image: Bigstock
Textron Q3 Earnings Outpace Estimates, Revenues Increase Y/Y
Key Takeaways
Textron Inc. (TXT - Free Report) reported third-quarter 2026 adjusted earnings of $1.76 per share, which surpassed the Zacks Consensus Estimate of $1.43 by 23.1%. The bottom line also rose 13.5% from $1.55 in the year-ago quarter.
The company reported GAAP earnings of $1.56 per share compared with $1.31 a year ago.
TXT’s Revenues
The company reported total revenues of $3.75 billion, which missed the Zacks Consensus Estimate of $3.76 billion by 0.2%. However, the top line increased 4.1% from the year-ago quarter’s level of $3.6 billion.
Textron Inc. Price, Consensus and EPS Surprise
Textron Inc. price-consensus-eps-surprise-chart | Textron Inc. Quote
Segmental Performance of Textron
Textron Aviation: Revenues from this segment increased 14% year over year to $1.7 billion. This was primarily due to higher volume and mix, largely reflecting higher Citation jet volume, partially offset by lower commercial turboprop volume.
The segment delivered 51 jets, up from 42 in the year-ago quarter. It also delivered 32 commercial turboprops, down from 39 in the third quarter of 2025.
Order backlog at the end of the reported quarter totaled $8 billion.
Bell: Revenues from this segment amounted to $933 million, down 9% from the year-ago quarter’s registered number. This was primarily attributable to a $59 million decline in military revenues, driven by lower volumes on the MV-75 program.
Bell delivered 29 commercial helicopters compared with 30 in the prior-year period.
Its order backlog at the end of the quarter totaled $7.6 billion.
Textron Systems: This segment’s revenues amounted to $360 million, up $50 million from the prior-year level.
Textron Systems’ backlog at the end of the quarter totaled $3.5 billion.
Industrial: Revenues from this segment increased $4 million to $765 million.
Finance: This segment’s revenues amounted to $13 million compared with $26 million in the year-ago quarter. The decline in revenues and segment profit was primarily attributable to $11 million in gains from the sale of non-captive assets recorded in the third quarter of 2025.
Textron’s Financials
As of Oct. 3, 2026, cash and cash equivalents totaled $1.61 billion compared with $1.94 billion as of Jan. 3, 2026.
Net cash from operating activities during the first nine months of 2026 amounted to $640 million compared with $629 million in the year-ago period.
Capital expenditures amounted to $102 million in the third quarter compared with $76 million in the year-ago quarter.
The long-term debt totaled $3.11 billion as of Oct. 3, 2026, compared with $3.53 billion as of Jan. 3, 2026.
TXT’s Guidance
The company raised its 2026 adjusted earnings guidance to $6.55-$6.65 from its previous projection of $6.40-$6.60. The Zacks Consensus Estimate for earnings is pegged at $6.51 per share, which is lower than the company’s newly guided range.
TXT’s Zacks Rank
Textron currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Recent Defense Release
The Boeing Company (BA - Free Report) incurred an adjusted loss of 34 cents per share in the third quarter of 2026, wider than the Zacks Consensus Estimate of a loss of 21 cents. The reported figure improved from the year-ago quarter’s reported loss of $7.47 per share.
BA’s revenues amounted to $24.19 billion, which marginally missed the Zacks Consensus Estimate of $24.28 billion by 0.4%. However, the top line increased 3.9% from the year-ago quarter’s reported figure of $23.27 billion.
Lockheed Martin Corporation (LMT - Free Report) reported third-quarter 2026 adjusted earnings of $7.97 per share, which beat the Zacks Consensus Estimate of $7.49 by 6.4%. The bottom line increased 14.7% from the year-ago quarter's reported figure of $6.95.
LMT’s net sales were $20.71 billion, which beat the Zacks Consensus Estimate of $20.44 billion by 1.4%. The top line inched up 11.3% from $18.61 billion reported in the year-ago quarter.
Northrop Grumman Corporation (NOC - Free Report) reported third-quarter 2026 adjusted earnings of $7.89 per share, which beat the Zacks Consensus Estimate of $7.22 by 9.3%. The bottom line also increased 2.9% from the year-ago quarter’s level of $7.67.
NOC’s total sales of $11.12 billion beat the Zacks Consensus Estimate of $11.06 billion by 0.6%. The top line improved 6.7% from $10.42 billion reported in the year-ago quarter.