$TXT · TEXTRON INC
Textron reported Q3 FY2026 results with revenue of $3.751B (+4% YoY), GAAP EPS of $1.56, and adjusted EPS of $1.76 versus $1.55 in the prior year. The company raised full-year adjusted EPS guidance to $6.55–$6.65 and manufacturing cash flow before pension contributions to $800M–$900M, citing Congressional approval of the MV-75 Cheyenne ATR request.
- Adjusted EPS of $1.76, up 13.5% from $1.55 in Q3 2025
- Revenue of $3.751B, up 4% YoY; Textron Aviation revenue surged 14% on higher Citation jet deliveries (51 vs 42)
- Full-year adjusted EPS guidance raised to $6.55–$6.65 from prior $6.40–$6.60
- Manufacturing cash flow before pension contributions of $418M, up from $281M in Q3 2025
- Full-year cash flow outlook raised to $800M–$900M from $700M–$800M, reflecting MV-75 Cheyenne ATR approval
Markets closed — no regular-session reaction yet; extended-hours move not captured here.
Textron delivered a double-barreled beat-and-raise quarter anchored by a concrete defense catalyst (MV-75 ATR approval) that de-risks near-term cash flow and validates the bull case.
Textron's results benefit from the broader defense spending cycle, with the MV-75 Cheyenne ATR Congressional approval unlocking obligated funding — a key differentiator versus peers without major program catalysts.
Forward-looking risks include U.S. government defense budget changes, MV-75 Cheyenne program execution, and potential disruptions from the planned Industrial segment separation.