Textron Reports Q3 2026 Results and Raises Full-Year Guidance

Textron Inc. (TXT) Q3 2026 Financial Results & Guidance Update

Overview

On October 29, 2026, Textron Inc. filed a Form 8-K under Item 2.02 reporting financial results for the third quarter ended October 3, 2026, alongside an increase in full-year guidance for adjusted EPS and manufacturing cash flow.

Key Financial Highlights

• Revenues: Total revenues reached $3.75 billion ($3.8 billion rounded), up 4.1% year-over-year from $3.60 billion in Q3 2025.
• Diluted EPS: GAAP EPS from continuing operations came in at $1.56 compared to $1.31 in Q3 2025. Adjusted EPS was $1.76 compared to $1.55 in the prior year period.
• Cash Flow: Net cash provided by operating activities of the manufacturing group was $512 million (vs. $348 million in Q3 2025). Manufacturing cash flow before pension contributions was $418 million (vs. $281 million in Q3 2025).
• Capital Return: Repurchased $239 million in common stock during the quarter.

Segment Breakdown

• Textron Aviation: Revenue of $1.68 billion (+13.6% YoY) driven by 51 jet deliveries (vs. 42 in Q3 2025) and higher aftermarket volume/pricing. Segment profit reached $179 million (+4.1% YoY). Backlog stood at $8.0 billion.
• Bell: Revenue decreased 9.1% YoY to $933 million, impacted by lower military volume on the MV-75 program. Segment profit decreased 17.4% YoY to $76 million. Backlog was $7.6 billion.
• Textron Systems: Revenue increased 16.1% YoY to $360 million, driven by armored land vehicles and ATAC services. Segment profit grew 21.3% YoY to $57 million. Backlog ended at $3.5 billion.
• Industrial: Revenues were essentially flat at $765 million (+0.5% YoY), with segment profit up 22.6% YoY to $38 million.
• Finance: Revenue of $13 million and profit of $5 million, down YoY due to gains on non-captive asset sales recognized in Q3 2025.

Updated FY 2026 Guidance

• GAAP EPS from Continuing Operations: Raised to $5.64 – $5.74 (from $5.39 – $5.59).
• Adjusted EPS: Raised to $6.55 – $6.65 (from $6.40 – $6.60).
• Manufacturing Cash Flow Before Pension Contributions: Increased to $800 – $900 million (from $700 – $800 million).
• Guidance revision reflects Congressional approval for the U.S. Army's Above Threshold Reprogramming (ATR) request and contract modifications obligating funding for the MV-75 Cheyenne program.