TEXTRON INC reported second-quarter 2026 results with revenue of $3.83B, net income of $248M and diluted EPS of $1.42, modest gains versus the year-ago quarter as aviation and Bell volume offsets were partly weighed by mix and manufacturing inflation.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$3.83B$3.72B3% | Net income²$248M$245M1.2% | Diluted EPS³$1.42$1.355.2% |
¹ Reported as “Total revenues”. ² Reported as “Net income”. ³ Reported as “Diluted earnings per share”.
Business Highlights
- Revenue growth was driven by Textron Aviation and Bell volume gains, with consolidated revenues up 3% for the quarter and 7% year-to-date.
- Textron Aviation saw a higher turboprop mix while Citation jet and defense volume were lower; deliveries of commercial turboprops increased.
- Bell shifted toward military program growth, including MV-75 and H-1, and advanced the MV-75 program toward LRIP with awards expected in late 2026 or early 2027.
- Manufacturing inflation and product mix pressured margins; the company reduced R&D spending across Bell and Textron Systems to support cost control.
- U.S. tariffs under IEEPA affected costs, but $21M in tariff recoveries plus pricing and supply-chain actions helped mitigate material adverse effects.
Original SEC Filing:
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