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Sentiment · FY2026 Q2
Textron grew Q1 revenue 12% to $3.7B with adjusted EPS rising to $1.45 from $1.28 as aviation revenue surged 22% with backlog reaching $8B, and an industrial separation was announced to create a pure-play aerospace and defense company. The MV-75 Cheyenne gained Army FYDP funding visibility while Systems won a $450M ARV preproduction contract, strengthening the defense portfolio. FY2026 EPS guidance of $6.40-6.60 was implicitly maintained though management noted it was early to revise, and aviation targeted equilibrium of 200 annual jet deliveries.
Revenue Growth | Margin | Demand | Capital Allocation | Competitive Dynamics | Innovation & R&D | Capex Investment | M&A | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 8 | 7 | 5 | 2 | 4 | 1 | 2 | |
| 2025Q1 | 8 | 4 | 7 | 4 | 3 | 5 | 3 | |
| 2025Q2 | 11 | 6 | 5 | 2 | 1 | 4 | 4 | 1 |
| 2025Q3 | 9 | 2 | 6 | 2 | 4 | 1 | 3 | 1 |
| 2025Q4 | 7 | 8 | 1 | 4 | 4 | 3 | 4 | 2 |
| 2026Q1 | 6 | 3 | 4 | 6 | 4 | 2 | 1 | 6 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Revenue Growth | 8 | 8 | 11 | 9 | 7 | 6 |
| Margin | 7 | 4 | 6 | 2 | 8 | 3 |
| Demand | 5 | 7 | 5 | 6 | 1 | 4 |
| Capital Allocation | 2 | 4 | 2 | 2 | 4 | 6 |
| Competitive Dynamics | 4 | 3 | 1 | 4 | 4 | 4 |
| Innovation & R&D | 1 | 5 | 4 | 1 | 3 | 2 |
| Capex Investment | 2 | 4 | 3 | 4 | 1 | |
| M&A | 3 | 1 | 1 | 2 | 6 |
| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $3.61B | -7.2% | $0.76 | -24.0% | 4.0% | 3.9% | $371M |
| FY2025 Q1 | $3.31B | +5.5% | $1.13 | +9.7% | 6.2% | 6.3% | $-180M |
| FY2025 Q2 | $3.72B | +5.4% | $1.35 | 0.0% | 7.2% | 6.6% | $294M |
| FY2025 Q3 | $3.60B | +5.1% | $1.31 | +11.0% | 7.7% | 6.5% | $136M |
| FY2025 Q4 | $4.17B | +15.6% | $1.32 | +73.7% | 11.9% | 5.6% | $527M |
| FY2026 Q1 | $3.69B | +11.8% | $1.25 | +10.6% | 6.1% | 6.0% | $-250M |
| FY2026 Q2 | $3.83B | +3.0% | $1.42 | +5.2% | 6.9% | 6.5% | $209M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
| Analyst | Firm | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Noah Poponak | Goldman Sachs | 13 (23%) |
| Rob Stallard | Vertical Research Partners | 12 (0%) |
| Ron Epstein | Bank of America | 12 (17%) |
| Myles Walton | Wolfe Research | 12 (0%) |
| Peter Arment | Robert W. Baird | 11 (0%) |
| Sheila Kahyaoglu | Jefferies | 11 (18%) |
| Kristine Liwag | Morgan Stanley | 10 (0%) |
| David Strauss | Wells Fargo | 9 (11%) |
| Seth Seifman | JPMorgan | 9 (33%) |
| Gavin Parsons | UBS | 8 (0%) |
| Firm | Analysts | Questions (Challenge)Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Bank of America | 2 | 13 (15%) |
| Goldman Sachs | 1 | 13 (23%) |
| Wolfe Research | 1 | 12 (0%) |
| Vertical Research Partners |
| 1 |
| 12 (0%) |
| Robert W. Baird | 1 | 11 (0%) |
| Jefferies | 1 | 11 (18%) |
| Morgan Stanley | 1 | 10 (0%) |
| UBS | 2 | 10 (0%) |
What TXT and other companies said about each other on FY2026 Q1 earnings calls — extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“They had the quarter with purchase order of 7407 for the National Transmission Company of South Africa.”
The National Transmission Company of South Africa placed a Bell 407 helicopter order, a commercial-win read-through.
“an order from Belgium's special operations forces for 5 SkyCouriers marking our first military order for the aircraft”
Belgium's special operations forces ordered 5 SkyCouriers, Textron Aviation's first military order for the aircraft.
“Some notable wins for the team include Luminaire, a European jet operator placed a fleet order in the first quarter, which will bring its total to 9 latitudes”
European jet operator Luminaire placed a fleet order bringing its Citation Latitude count to 9, a read-through on the charter operator's fleet expansion.
“as we are a key Tier 1 supplier to Northrop Grumman on that program, we will follow where that sentinel program continues to grow.”
Textron Systems is a key Tier 1 supplier to Northrop Grumman on the Sentinel ICBM program, a read-through on Sentinel production ramp for Northrop.
“The Pentatonic battery and closure business supports EV and hybrid platforms, including the [ Rivian R1 ] and a major European OEM start of production plan for 2027.”
Textron's Kautex/Pentatonic supplies battery and closure systems for the Rivian R1, a supplier read-through on Rivian's EV platform.
| Company | Score | Trend | Rev YoY |
|---|---|---|---|
TXT Textron | 7 | +11.8% | |
| AXON Axon Enterprise Inc. | 10 | +33.8% | |
| BA The Boeing Company | 7 | +14.0% | |
| GD General Dynamics | 8 | +10.3% | |
| GE GE Aerospace | 7 | +24.7% | |
| HII Huntington Ingalls Industries | 6 | +13.3% | |
| LHX L3Harris | 8 | +11.9% | |
| LMT Lockheed Martin | 4 | +0.3% | |
| NOC Northrop Grumman | 6 | +4.4% | |
| RKLB Rocket Lab USA, Inc. | 8 | +63.5% | |
| RTX RTX Corporation | 9 | +8.7% | |
| SPCX Space Exploration Technologies Corp. | · | n/a | |
| TDG TransDigm Group | 10 | +18.3% |