Jun 2026 (Q2 FY26) — Jul 28, 2026
Textron Q2 FY26 — Strong Demand and Operational Focus Amidst Supply Chain Headwinds
Read the full callTextron (TXT) earnings
- Jul 2026
- Jun 2026 (Q2 FY26)
- Jan 2026
Textron earnings: last reported Tue, 28 Jul 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 3,827 | +3.0% YoY | Quarterly, as filed | Quarter to Jul 2026 | Revenue from operations as filed. |
| Operating margin | Operating profit / revenue | Quarter to Jul 2026 | Not in the filed figures for the quarter to jul 2026. No older figure is substituted. | ||
| Net profit | 248 | +1.2% YoY | Quarterly, as filed | Quarter to Jul 2026 | Profit after tax as filed. |
Guidance
What management said, and what became of it
10 of 15 judged targets kept · 32 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year adjusted EPS from continuing operations | $6.40 to $6.60 | Dec 2025 | we are reiterating our expected full year adjusted earnings per share to be in the range of $6.40 to $6.60 | At Risk |
| Beechcraft Denali entry into service | enter service in 2027 | Jun 2026 | Also, the Denali continues to advance through its final phase of flight testing and is pacing to enter service in 2027. | New |
| Citation Ascend first deliveries / certification | first 3 aircraft delivered late this year (2025) | Dec 2024 | Some of these key offerings include the Citation Latitude, the #1 best-selling midsized business jet, the recently certified Citation Ascend and the upcoming Beechcraft Denali. | Achieved |
5 of TEXTRON INC's 47 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 44 more targets are in the full ledger.
Claimed
- Revenue grew 3% in Q2 FY26, with manufacturing segments contributing to a 7% increase ($500M) in H1 FY26 revenue.
- Textron Aviation backlog reached $8 billion, reflecting robust demand for jets and turboprops.
- Bell's MV-75 Cheyenne program advanced with the first two wing structures completed, showing 90% fewer labor hours for the first wing and an additional 40% reduction for the second compared to initial V-22 builds.
- Textron Systems revenue grew 7% in Q2 FY26 and 10% in H1 FY26, driven by strong program execution.
- Industrial segment profit increased 9%, benefiting from higher pricing and $18 million net impact from IEPA tariff refunds.
Qualified
- Manufacturing cash flow before pension contributions decreased to $154 million in Q2 FY26 from $336 million in Q2 FY25.
- Textron Aviation segment profit declined 3% due to manufacturing inefficiencies and lower aircraft volume/mix.
- Bell segment profit decreased 6% due to unfavorable program performance and military program mix, partially offset by lower R&D costs.
- The MV-75 Cheyenne program faces uncertainty regarding $350 million in FY26 funding, potentially impacting full-year adjusted EPS by $0.20-$0.30 and cash flow by $150M-$250M.
- Textron Aviation continues to experience supply chain pain points and productivity challenges from a newer workforce, with 50% having less than 5 years of experience.
Price
$75.15 +1.83% · +$1.35
Performance −10.3% 1Y
1Y: $83.76 on 14 Oct 2025 → $75.15. High $100.77 (20 Feb 2026), low $73.03 (7 Oct 2026).
- Previous close
- $73.8
- 52-week range
- $73.03 – $100.77
- One year
- −8.92%
Overview
- Symbol
- TXT
- Sector
- Industrials
- Exchange
- US
- Currency
- USD
Guidance
What management said, and what became of it
10 of 15 judged targets kept · 32 open · verdicts reflect calls analysed to Jun 2026.
| Target | Original wording | Said | Latest call | Verdict |
|---|---|---|---|---|
| Full-year adjusted EPS from continuing operations | $6.40 to $6.60 | Dec 2025 | we are reiterating our expected full year adjusted earnings per share to be in the range of $6.40 to $6.60 | At Risk |
| Beechcraft Denali entry into service | enter service in 2027 | Jun 2026 | Also, the Denali continues to advance through its final phase of flight testing and is pacing to enter service in 2027. | New |
| Citation Ascend first deliveries / certification | first 3 aircraft delivered late this year (2025) | Dec 2024 | Some of these key offerings include the Citation Latitude, the #1 best-selling midsized business jet, the recently certified Citation Ascend and the upcoming Beechcraft Denali. | Achieved |
Claimed
- Revenue grew 3% in Q2 FY26, with manufacturing segments contributing to a 7% increase ($500M) in H1 FY26 revenue.
- Textron Aviation backlog reached $8 billion, reflecting robust demand for jets and turboprops.
- Bell's MV-75 Cheyenne program advanced with the first two wing structures completed, showing 90% fewer labor hours for the first wing and an additional 40% reduction for the second compared to initial V-22 builds.
- Textron Systems revenue grew 7% in Q2 FY26 and 10% in H1 FY26, driven by strong program execution.
- Industrial segment profit increased 9%, benefiting from higher pricing and $18 million net impact from IEPA tariff refunds.
Qualified
- Manufacturing cash flow before pension contributions decreased to $154 million in Q2 FY26 from $336 million in Q2 FY25.
- Textron Aviation segment profit declined 3% due to manufacturing inefficiencies and lower aircraft volume/mix.
- Bell segment profit decreased 6% due to unfavorable program performance and military program mix, partially offset by lower R&D costs.
- The MV-75 Cheyenne program faces uncertainty regarding $350 million in FY26 funding, potentially impacting full-year adjusted EPS by $0.20-$0.30 and cash flow by $150M-$250M.
- Textron Aviation continues to experience supply chain pain points and productivity challenges from a newer workforce, with 50% having less than 5 years of experience.
The full ledger
Open TEXTRON INC’s full ledger
A free account opens 5 company ledgers a month. All 47 tracked commitments, with each call’s wording and source.
Call summaries
Mar 2026 (Q1 FY26) — Apr 30, 2026
Textron Q1 FY26 — Strong Start and Intent to Separate Industrial Segment
Read the full callEvery analysed call
Textron earnings calls (TXT)
Financials
What the filings say
Net profit, year on year: +1% (quarter to jul 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Jan 2026 | Apr 2026 | Jul 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 3,427 | 3,613 | 3,306 | 3,716 | 3,602 | 4,175 | 3,695 | 3,827 |
| Profit before tax | 252 | 131 | 241 | 301 | 316 | 279 | 267 | 304 |
| Tax rate | 11.5% | −7.6% | 14.1% | 18.6% | 25.6% | 15.4% | 17.6% | 18.4% |
| Net profit | 223 | 141 | 207 | 245 | 234 | 235 | 220 | 248 |
| EPS ($ per share) | — | — | 1.14 | 1.36 | — | — | 1.26 | 1.43 |
| Line item | Dec 2018 | Jan 2020 | Jan 2021 | Jan 2022 | Dec 2022 | Dec 2023 | Dec 2024 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 30 | 29 | 29 | 28 | 26 | 24 | 23 | 22 |
| Reserves | 5,407 | 5,682 | 5,973 | 5,870 | 5,903 | 5,862 | 5,607 | 5,784 |
| Total liabilities | 9,072 | 9,500 | 9,598 | 9,012 | 9,180 | 9,869 | 9,634 | 10,254 |
| Fixed assets | 2,615 | 2,527 | 2,516 | 2,538 | 2,523 | 2,477 | — | — |
| Total assets | 14,264 | 15,018 | 15,443 | 15,827 | 16,293 | 16,856 | 16,838 | 18,129 |
| Line item | Dec 2018 | Jan 2020 | Jan 2021 | Jan 2022 | Dec 2022 | Dec 2023 | Dec 2024 | Jan 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 1,107 | 1,014 | 768 | 1,598 | 1,488 | 1,266 | 1,014 | 1,312 |
| Cash from investing | 620 | -266 | -248 | -281 | -447 | -317 | -284 | -207 |
| Cash from financing | -1,864 | -502 | 360 | -1,446 | -1,091 | -813 | -1,454 | -543 |
| Net cash flow | -155 | 250 | 897 | -137 | -82 | 146 | -740 | 584 |
| Capital expenditure | -369 | -339 | -317 | -375 | -354 | -402 | -364 | -383 |
| Free cash flow | 738 | 675 | 451 | 1,223 | 1,134 | 864 | 650 | 929 |
TXT revenue by segment
Industrial shrank from 25% to 22% of revenue over the last two years.
| Segment | Q3 FY2024 | Q4 FY2024 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | Q2 FY2027 | YoY growth latest quarter |
|---|---|---|---|---|---|---|---|---|---|
| Textron Aviation | 39% | 35% | 37% | 41% | 41% | 42% | 40% | 40% | +1.8% |
| Bell | 27% | 31% | 30% | 27% | 28% | 30% | 29% | 28% | +5.7% |
| Industrial | 25% | 24% | 24% | 23% | 21% | 20% | 21% | 22% | +1.1% |
| Textron Systems | 9% | 9% | 9% | 9% | 9% | 8% | 9% | 9% | +8.1% |
| Finance | <1% | <1% | <1% | <1% | 1% | <1% | <1% | <1% | -6.7% |
Share of consolidated revenue by quarter. Q4 is the fiscal year less its first three quarters.
See how segments are shifting across companies → Segment Shift
TXT operating KPIs by quarter
| KPI | Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|
| Backlog Textron Aviation | $8BIn A&D, Textron Aviation is in a very strong position having increased its backlog by more than 4x since pre-COVID from $1.7 billion in 2019 to $8 billion at the end of this quarter.Source: earnings call transcript | $8BDemand across jets and turboprops continued to be robust during the quarter, supporting a backlog of $8 billion.Source: earnings call transcript | 0% |
| Aircraft deliveries Citation jet | 37We got off to a strong start to the year with 37 jet deliveries and 35 commercial turboprop deliveries.Source: earnings call transcript | 40We delivered 40 jets and 44 commercial turboprops in the quarter compared to 49 jets and 34 commercial turboprops in last year's second quarter.Source: earnings call transcript | +8.1% |
| Aircraft deliveries Commercial turboprop | 35We got off to a strong start to the year with 37 jet deliveries and 35 commercial turboprop deliveries.Source: earnings call transcript | 44We delivered 40 jets and 44 commercial turboprops in the quarter compared to 49 jets and 34 commercial turboprops in last year's second quarter.Source: earnings call transcript | +25.7% |
| Backlog Bell | $7.6BBacklog in the segment ended the quarter at $7.6 billion.Source: earnings call transcript | $7.5BBacklog in the segment ended the quarter at $7.5 billion.Source: earnings call transcript | -1.3% |
| Backlog Textron Systems | $3.6BBacklog in the segment ended the quarter at $3.6 billion, an increase of $255 million in the quarter.Source: earnings call transcript | $3.3BBacklog in the segment ended the quarter at $3.3 billion.Source: earnings call transcript | -8.3% |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Revenue by region
Q2 FY2027 · share of revenue
- US 70% ↓ 1 pt
- International 21%
- Europe 9% ↑ 1 pt
As TXT cuts its regions in its filings; they can nest, so they need not add to 100%.
Insider filings
41 filings between Feb 13, 2026 and May 6, 2026.
Open market
decisions to buy or sellPurchases
$988.6K
1 purchase by 1 insider
Sales
$30.21M
9 sales by 6 insiders
Compensation
not trading decisions- 16
- Award — granted as compensation
- 9
- Option exercise — converted options into shares
- 5
- Tax withheld — shares kept back by the company to cover tax
Also filed: 1 gift.
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| DONNELLY SCOTT C | — | $21.61M | Feb 13, 2026 |
| Bamford Mark S | — | $2.88M | Feb 17, 2026 |
| Lupone E Robert | — | $2.77M | Feb 17, 2026 |
| Duffy Julie G | — | $1.96M | Feb 13, 2026 |
| Kennedy Thomas A | $988.6K | — | May 1, 2026 |
| Atherton Lisa M | — | $750.0K | Feb 13, 2026 |
| CLARK R KERRY | — | $234.3K | May 6, 2026 |
Latest filings (50)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| May 6, 2026 | CLARK R KERRY Director | Sale | 2,517 | $234.3K |
| May 1, 2026 | Kennedy Thomas A Director | Purchase | 10,300 | $988.6K |
| Apr 29, 2026 | Garrett Michael X Director | Award | 2,061 | $0 |
| Apr 29, 2026 | MIONIS ROBERT Director | Award | 2,061 | $0 |
| Apr 29, 2026 | James Deborah L Director | Award | 2,061 | $0 |
| Apr 29, 2026 | Kennedy Thomas A Director | Award | 2,061 | $0 |
| Apr 29, 2026 | Zuber Maria T Director | Award | 2,061 | $0 |
| Apr 29, 2026 | NOWELL LIONEL L III Director | Award | 2,061 | $0 |
| Apr 29, 2026 | Ambrose Richard F Director | Award | 2,061 | $0 |
| Apr 29, 2026 | Mendez Echevarria Maria Cristina Director | Award | 2,061 | $0 |
| Apr 29, 2026 | CLARK R KERRY Director | Award | 2,061 | $0 |
| Mar 1, 2026 | Lupone E Robert EVP, General Counsel & Secy | Tax withheld | 2,423 | $239.0K |
| Mar 1, 2026 | DONNELLY SCOTT C Executive Chairman | Award | 13,017 | $0 |
| Mar 1, 2026 | DONNELLY SCOTT C Executive Chairman | Tax withheld | 19,777 | $1.95M |
| Mar 1, 2026 | Lupone E Robert EVP, General Counsel & Secy | Award | 5,587 | $0 |
| Mar 1, 2026 | Bamford Mark S VP & Corporate Controller | Award | 1,296 | $0 |
| Mar 1, 2026 | Bamford Mark S VP & Corporate Controller | Tax withheld | 564 | $55.6K |
| Mar 1, 2026 | Duffy Julie G EVP and CHRO | Award | 3,916 | $0 |
| Mar 1, 2026 | Duffy Julie G EVP and CHRO | Tax withheld | 1,864 | $183.9K |
| Mar 1, 2026 | Atherton Lisa M President and CEO | Award | 27,118 | $0 |
| Mar 1, 2026 | Atherton Lisa M President and CEO | Tax withheld | 2,008 | $198.1K |
| Mar 1, 2026 | Rosenberg David Mathew Executive Vice President & CFO | Award | 6,102 | $0 |
| Feb 17, 2026 | Lupone E Robert EVP, General Counsel & Secy | Option exercise | 28,056 | $1.39M |
| Feb 17, 2026 | Bamford Mark S VP & Corporate Controller | Sale | 19,808 | $1.94M |
| Feb 17, 2026 | Bamford Mark S VP & Corporate Controller | Option exercise | 4,950 | $255.2K |
| Feb 17, 2026 | Bamford Mark S VP & Corporate Controller | Option exercise | 5,658 | $229.7K |
| Feb 17, 2026 | Lupone E Robert EVP, General Counsel & Secy | Sale | 28,056 | $2.77M |
| Feb 15, 2026 | Mendez Echevarria Maria Cristina Director | Award | 378 | $0 |
| Feb 13, 2026 | DONNELLY SCOTT C Executive Chairman | Sale | 89,229 | $8.82M |
| Feb 13, 2026 | Atherton Lisa M President and CEO | Gift | 2,532 | $0 |
| Feb 13, 2026 | DONNELLY SCOTT C Executive Chairman | Option exercise | 219,619 | $10.89M |
| Feb 13, 2026 | DONNELLY SCOTT C Executive Chairman | Sale | 130,168 | $12.78M |
| Feb 13, 2026 | DONNELLY SCOTT C Executive Chairman | Sale | 222 | $22.1K |
| Feb 13, 2026 | Bamford Mark S VP & Corporate Controller | Option exercise | 4,596 | $250.2K |
| Feb 13, 2026 | Bamford Mark S VP & Corporate Controller | Option exercise | 1,366 | $55.5K |
| Feb 13, 2026 | Bamford Mark S VP & Corporate Controller | Option exercise | 1,239 | $63.9K |
| Feb 13, 2026 | Bamford Mark S VP & Corporate Controller | Sale | 9,533 | $940.7K |
| Feb 13, 2026 | Duffy Julie G EVP and CHRO | Option exercise | 19,857 | $1.02M |
| Feb 13, 2026 | Duffy Julie G EVP and CHRO | Sale | 19,857 | $1.96M |
| Feb 13, 2026 | Atherton Lisa M President and CEO | Option exercise | 7,600 | $262.2K |
| Feb 13, 2026 | Atherton Lisa M President and CEO | Sale | 7,600 | $750.0K |
| Jul 25, 2025 | Duffy Julie G EVP and CHRO | Option exercise | 6,260 | $310.4K |
| Jul 25, 2025 | Duffy Julie G EVP and CHRO | Sale | 6,260 | $497.0K |
| Jul 25, 2025 | Duffy Julie G EVP and CHRO | Option exercise | 22,283 | $904.7K |
| Jul 25, 2025 | Duffy Julie G EVP and CHRO | Sale | 22,283 | $1.77M |
| Jul 25, 2025 | Duffy Julie G EVP and CHRO | Gift | 585 | $0 |
| Apr 23, 2025 | Garrett Michael X Director | Award | 2,794 | $0 |
| Apr 23, 2025 | Kennedy Thomas A Director | Award | 2,794 | $0 |
| Apr 23, 2025 | MIONIS ROBERT Director | Award | 2,794 | $0 |
| Apr 23, 2025 | James Deborah L Director | Award | 2,794 | $0 |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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