RTX Corporation, an aerospace and defense company, provides systems and services for the commercial, military, and government customers in the United States and internationally. It operates through three segments: Collins Aerospace, Pratt & Whitney, and Raytheon. The Collins Aerospace Systems segment offers aerospace and defense products, and aftermarket service solutions for civil and military aircraft manufacturers and commercial airlines, as well as regional, business, and general aviation, defense, and commercial space operations. This segment also designs, produces, and supports cabin interior, including oxygen systems, food and beverage preparation, storage and galley systems, and lavatory and wastewater management systems; battlespace, test and training range systems, crew escape systems, and simulation and training solutions; information management services; and aftermarket services that include spare parts, overhaul and repair, engineering and technical support, training and fleet management solutions, and asset and information management services. Its Pratt & Whitney segment supplies aircraft engines for commercial, military, business jet, and general aviation customers; and produces, sells, and services military and commercial auxiliary power units. The Raytheon segment provides defensive and offensive threat detection, tracking, and mitigation capabilities for U.S., foreign government, and commercial customers. The company was formerly known as Raytheon Technologies Corporation and changed its name to RTX Corporation in July 2023. RTX Corporation was incorporated in 1934 and is headquartered in Arlington, Virginia.

RTX Corporation

Palantir Technologies Inc. PLTR will report its third-quarter 2025 results on Nov. 3, after the bell.
The Zacks Consensus Estimate for earnings in the to-be-reported quarter stands at 17 cents, indicating 70% growth from the year-ago reported quarter. The consensus estimate for total revenues stands at $1.1 billion, indicating 50.7% year-over-year growth. There has been no change in analyst estimates or revisions lately.
< Image Source: Zacks Investment Research
The company has a strong history of earnings surprises. Earnings surpassed the Zacks Consensus Estimate in three of the trailing four quarters and matched once, with an earnings surprise of 13.2%, on average.
< Image Source: Zacks Investment Research
PLTR’s Lesser Chance of Q3 Earnings Beat
Our proven model doesn’t conclusively predict an earnings beat for PLTR this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
PLTR has an Earnings ESP of -5.88% and a Zacks Rank #3 (Hold).
You can see the complete list of today’s Zacks #1 Rank stocks here.
PLTR’s All-Round Healthy Business Should be the Driver in Q3
We expect a significant year-over-year improvement in the company’s top line in the to-be-reported quarter, driven by healthy business from existing as well as new customers, strengthening both the Government and Commercial segments.
The consensus estimate for Government revenues is pegged at $602.5 million, indicating 47.6% year-over-year growth. The consensus mark for Commercial revenues is pegged at $493.7 million, indicating 55.6% year-over-year growth.
PLTR Stock Looking Pricey
Palantir shares have surged a whopping 151% year to date. This performance has significantly outpaced the 22% growth of its industry. Interest in this prominent AI-focused stock remains strong as investors seek opportunities to capitalize on the AI trend.
Image Source: Zacks Investment Research
At this moment, it is worth noting that, at its current valuation, Palantir appears to be looking pricey. Based on training 12-month EV-to-EBITDA, PLTR is currently trading at 1122X, way above the industry’s 15.27X. If we look at the forward 12-month Price/Earnings ratio, the company’s shares are currently trading at 229.14X forward earnings, well above the industry’s 38.98X.
Investment Considerations
Palantir has shown impressive growth momentum, backed by strong demand across both government and commercial sectors, along with consistent profitability improvements. However, the stock’s current valuation already reflects much of this optimism, leaving limited room for near-term upside. While its long-term prospects in artificial intelligence and data analytics remain compelling, short-term investors may prefer to wait for a potential pullback before adding positions. Given the combination of strong fundamentals but stretched valuation, a “Hold” stance appears prudent ahead of the third-quarter earnings report, with a focus on monitoring future contract wins and margin trends.
As PLTR’s valuation moves higher, Lockheed Martin LMT and RTX Corporation RTX offer more grounded defense exposure. Lockheed Martin, with its massive defense contracts, provides steady cash flow and less volatility than PLTR. Its forward 12-month price-to-earnings ratio is below 18X, and trailing 12-month EV-to-EBITDA is below 13X. Lockheed Martin continues to benefit from global rearmament while trading at modest earnings multiples.
Similarly, RTX shines through missile systems. RTX’s defense backlog, like LMT's, underscores its stability. Its forward 12-month price-to-earnings ratio is below 28X, and trailing 12-month EV-to-EBITDA is just below 19X.
#1 Semiconductor Stock to Buy (Not NVDA)
The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.
One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.
See This Stock Now for Free >>
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Should You Buy Palantir Stock Ahead of Q3 Earnings Report?

The Boeing Company BA incurred an adjusted loss of $7.47 per share in the third quarter of 2025, wider than the Zacks Consensus Estimate of a loss of $3.68. The bottom line improved from the year-ago quarter’s reported loss of $10.44 per share.
Including one-time items, the company reported a GAAP loss of $7.14 per share, narrower than the year-ago quarter’s reported loss of $9.97 per share.
The year-over-year improvement in the bottom line can be primarily attributed to improved operational performance and commercial delivery volume.
Revenues
Revenues amounted to $23.27 billion, which outpaced the Zacks Consensus Estimate of $21.92 billion by 6.2%. The top line also surged 30.4% from the year-ago quarter’s reported figure of $17.84 billion.
The year-over-year improvement can be attributed to revenue growth registered in all three of its major business segments.
The Boeing Company Price, Consensus and EPS Surprise
Total Backlog
Backlog at the end of the second quarter totaled $635.69 billion, up from $618.54 billion recorded at the end of the second quarter of 2025.
Segmental Performances
Commercial Airplane: Revenues in this segment surged 49% year over year to $11.09 billion, driven by higher jet deliveries. The segment incurred an operating loss of $5.35 billion, indicating a decline from the year-ago quarter’s reported operating loss of $4.02 billion.
During the quarter under review, Boeing delivered 160 commercial planes. The figure improved 38% year over year.
The backlog for this segment remained healthy, with more than 5,900 airplanes valued at $535 billion.
Boeing Defense, Space & Security (BDS): The segment recorded revenues of $6.90 billion, indicating year-over-year growth of 25%. It generated an operating income of $0.11 billion against the year-ago quarter’s operating loss of $2.38 billion.
BDS recorded a backlog of $76 billion, 20% of which comprised orders from international clients.
Global Services: The segment recorded revenues of $5.37 billion, indicating year-over-year growth of 10%. This unit generated an operating income of $938 million, which improved 12% from the prior-year quarter’s level.
Financial Condition
Boeing exited third-quarter 2025 with cash and cash equivalents of $6.17 billion and short-term and other investments of $16.81 billion. At the end of 2024, the company had cash and cash equivalents of $13.80 billion and short-term and other investments worth $12.48 billion.
Long-term debt amounted to $44.61 billion, down from $52.59 billion recorded at the end of 2024.
The company’s operating cash outflow in the first nine months of 2025 was $0.27 billion compared with $8.63 billion in the first nine months of 2024.
Free cash outflow totaled $2.25 billion in the first nine months of 2025 compared with $10.21 billion in the year-ago period.
Zacks Rank
Boeing currently carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Defense Releases
Textron Inc. TXT reported third-quarter 2025 adjusted earnings of $1.55 per share, which beat the Zacks Consensus Estimate of $1.47 by 5.4%. The bottom line also rose 10.7% from $1.40 in the year-ago quarter.
The company reported total revenues of $3.6 billion, which missed the Zacks Consensus Estimate of $3.71 billion by 2.8%. Moreover, revenues increased 4.9% from the year-ago quarter’s level of $3.43 billion.
RTX Corporation’s RTX third-quarter 2025 adjusted earnings per share (EPS) of $1.70 beat the Zacks Consensus Estimate of $1.42 by 19.7%. The bottom line also improved 17.2% from the year-ago quarter’s level of $1.45.
RTX’s third-quarter sales totaled $22.48 billion, which surpassed the Zacks Consensus Estimate of $21.48 billion by 4.6%. The top line also surged a solid 11.9% from $20.09 billion recorded for the third quarter of 2024.
Northrop Grumman Corporation NOC reported third-quarter 2025 adjusted earnings of $7.67 per share, which beat the Zacks Consensus Estimate of $6.49 by 18.2%. The bottom line also increased 9.6% from $7 registered in the prior-year quarter.
NOC’s total sales of $10.42 billion in the third quarter missed the Zacks Consensus Estimate of $10.72 billion by 2.8%. However, the top line rose 4.3% from $10 billion reported in the year-ago quarter.
#1 Semiconductor Stock to Buy (Not NVDA)
The incredible demand for data is fueling the market's next digital gold rush. As data centers continue to be built and constantly upgraded, the companies that provide the hardware for these behemoths will become the NVIDIAs of tomorrow.
One under-the-radar chipmaker is uniquely positioned to take advantage of the next growth stage of this market. It specializes in semiconductor products that titans like NVIDIA don't build. It's just beginning to enter the spotlight, which is exactly where you want to be.
See This Stock Now for Free >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Boeing's Q3 Earnings Miss Estimates, Revenues Increase Y/Y

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares Russell 1000 Value ETF (Symbol: IWD) where we have detected an approximate $638.8 million dollar inflow -- that's a 1.0% increase week over week in outstanding units (from 315,000,000 to 318,100,000). Among the largest underlying components of IWD, in trading today Chevron Corporation (Symbol: CVX) is up about 0.5%, Philip Morris International Inc (Symbol: PM) is down about 0.8%, and RTX Corp (Symbol: RTX) is lower by about 0.2%. For a complete list of holdings, visit the IWD Holdings page » The chart below shows the one year price performance of IWD, versus its 200 day moving average:
Looking at the chart above, IWD's low point in its 52 week range is $163.19 per share, with $207.58 as the 52 week high point — that compares with a last trade of $205.62. Comparing the most recent share price to the 200 day moving average can also be a useful technical analysis technique -- learn more about the 200 day moving average ».
Exchange traded funds (ETFs) trade just like stocks, but instead of ''shares'' investors are actually buying and selling ''units''. These ''units'' can be traded back and forth just like stocks, but can also be created or destroyed to accommodate investor demand. Each week we monitor the week-over-week change in shares outstanding data, to keep a lookout for those ETFs experiencing notable inflows (many new units created) or outflows (many old units destroyed). Creation of new units will mean the underlying holdings of the ETF need to be purchased, while destruction of units involves selling underlying holdings, so large flows can also impact the individual components held within ETFs.
Also see:
ADN shares outstanding history
LOOP Average Annual Return
Institutional Holders of YBIT
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

IWD, CVX, PM, RTX: ETF Inflow Alert

Key Points
The pandemic hit the aircraft and parts supply chain hard.
Meanwhile, demand for air travel continues to climb.
The supply-demand mismatch should push this ETF higher.
The aviation industry has all the customers it needs right now. Unfortunately, it doesn't have the planes and parts it needs to serve them.
Commercial travel demand has rebounded strongly from the precipitous drop-off it experienced during the global pandemic. Demand for air travel grew a healthy 10.4% last year. And it's projected to continue growing at an annual rate of 4.2% through 2030.
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Unfortunately, there's a severe shortage of new aircraft available to meet that rising demand. Due to a hangover from the pandemic, which caused major supply chain disruptions for engine and aircraft manufacturers, as well as shortages of both skilled labor and raw materials like semiconductors, there's currently a global backlog of more than 17,000 aircraft.
That will be rough on airlines, as they will struggle to find enough new aircraft to meet demand and will also face higher maintenance and leasing costs. The International Air Transport Association -- the global trade association for airlines -- expects supply chain problems to cost airlines more than $11 billion this year.
Aircraft suppliers look to benefit
But the supply demand mismatch is expected to be a huge boon to aircraft leasing companies, maintenance and repair companies, and plane, engine, and parts manufacturers. How can investors benefit from this situation?
The iShares US Aerospace & Defense ETF (NYSEMKT: ITA) is the largest U.S.-listed exchange-traded fund focused on the aerospace and defense sector. It's up 48% in 2025 (more than three times the gain of the S&P 500 index this year), and it looks to head higher as aviation industry problems persist -- perhaps for years.
The ITA ETF tracks the Dow Jones U.S. Select Aerospace & Defense Index, which means it doesn't try to pick individual stocks but instead attempts to mirror the holdings and performance of that index. Its largest holdings are:
There are 33 other stocks in the ETF beyond those six (for a total of 39 holdings), which makes it significantly diversified within that sector. The fund has assets under management of about $12.2 billion, and its annual expense ratio, which shareholders pay, is a low 0.38%, which is about average for industry-specific ETFs.
The ETF is also highly liquid. As of August 2024, it traded with a 0.05% 30-day median bid-ask spread, which means there's a tiny gap between the buying and selling price. It also sees an average of some 664,000 shares traded over a 30-day period, which means it's easy for investors to get in or out without impacting the price.
An ongoing shortage of planes
Aircraft industry executives say they expect the shortage of planes to last several more years, as the global supply chain is difficult to repair and is not yet close to recovering to its pre-pandemic levels of output.
That's a big part of the reason that aerospace stocks are having a banner year in 2025. GE is up 84% year to date; Boeing is up 23%; RTX has climbed 55%; Howmet Aerospace (NYSE: HWM), another holding in the ITA ETF, is up 83%; and Huntington Ingalls Industries (NYSE: HII), yet another holding, has soared 54%.
A major supply disruption is not good for airlines or flyers, but it could be good for investors.
Should you invest $1,000 in GE Aerospace right now?
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Matthew Benjamin has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends L3Harris Technologies. The Motley Fool recommends GE Aerospace, Howmet Aerospace, Lockheed Martin, and RTX. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

The Aviation Industry Has a Major Supply Chain Problem. Here's How Investors Can Still Win.

Key Points
An improving aerospace supply chain is driving improvement in the aftermarket.
RTX's Raytheon is benefiting from strong international demand for defense products.
Shares in commercial aerospace and defense giant RTX (NYSE: RTX) rose by 14.1% in the week to Friday morning. The move comes after an excellent set of third-quarter earnings and a hike in full-year guidance, leaving investors optimistic about 2026.
Here's why the market got so excited.
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RTX is firing on all cylinders
It's rare for such a large company to deliver strong performance across all its segments, but that's exactly what's happening with RTX right now. Not only did management raise its headline guidance, but it also raised earnings guidance across all three of its segments.
In common with its aircraft engine peer, GE Aerospace, RTX's Pratt & Whitney is seeing strong aftermarket demand in commercial aerospace, as flight departures remain in solid growth mode, and increased parts availability is encouraging airlines to service engines. In a sign of confidence, management raised its full-year organic sales expectations to "low-to-mid-teens" growth from "low double digits." Profits are now expected to increase by $350 million to $400 million compared to $200 million to $275 million previously.
Collins Aerospace is also seeing strong demand in the aftermarket and continues to benefit from the production ramp at Airbus and, notably, at Boeing. Here again, management raised profit expectations to profit growth of $325 million to $375 million compared to $275 million to $350 million previously on the back of relatively higher margin commercial aftermarket revenue.
Finally, management raised its expectations for profit growth in the defense business, Raytheon, from $225 million to $300 million, toward a new range of $400 million to $450 million, reflecting a "favorable international program mix," according to VP of investor relations Nathan Ware.
Where next for RTX?
The update is excellent and speaks to the ongoing improvements in the commercial aerospace industry and a favorable environment for defense spending. While those trends persist, RTX will be an attractive option for investors.
Should you invest $1,000 in RTX right now?
Before you buy stock in RTX, consider this:
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Lee Samaha has no position in any of the stocks mentioned. The Motley Fool recommends GE Aerospace and RTX. The Motley Fool has a disclosure policy.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Here's Why RTX Rocketed Higher This Week

Thursday, October 23, 2025
The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Amazon.com, Inc. (AMZN), Wells Fargo & Co. (WFC) and Amgen Inc. (AMGN), as well as two micro-cap stocks IDT Corp. (IDT) and Village Super Market, Inc. (VLGEA). The Zacks microcap research is unique as our research content on these small and under-the-radar companies is the only research of its type in the country.
These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.
You can see all of today’s research reports here >>>
Ahead of Wall Street
The daily 'Ahead of Wall Street' article is a must-read for all investors who would like to be ready for that day's trading action. The article comes out before the market opens, attempting to make sense of that morning's economic releases and how they will affect that day's market action. You can read this article for free on our home page and can actually sign up there to get an email notification as this article comes out each morning.
You can read today's AWS here >>> Pre-markets Mostly Lower on Biggest Earnings Day of the Week
Today's Featured Research Reports
Amazon.com’s shares have outperformed the Zacks Internet - Commerce industry over the past year (+18.1% vs. +17.6%). The company’s top-line is driven by steady momentum in Prime and AWS. Strengthening AWS services portfolio and its growing adoption rate is contributing well to AWS performance. Ultrafast delivery services and expanding content portfolio are beneficial.
Strengthening relationships with third-party sellers is a positive. Robust advertising business is also contributing well. Growing capabilities in grocery, pharmacy, healthcare and autonomous driving are other positives. Deepening focus on GenAI is a major plus.
The Zacks analyst expect 2025 net sales to grow 10.6% from 2024. However, weak third-quarter operating income guidance of $15.5-20.5 billion and concerns about margin pressure from heavy AI investments totaling $100+ billion in capital expenditure plans are overhangs. Elevated operating expenses amid intensifying cloud competition remain headwinds.
(You can read the full research report on Amazon.com here >>>)
Shares of Wells Fargo have gained +33.5% over the past year against the Zacks Financial - Investment Bank industry’s gain of +36.2%. The company’s third-quarter 2025 results benefited from an improvement in net interest income (NII), fee income and lower provisions. Its earnings surpassed the estimates in each of the trailing four quarters.
The Fed's June 2025 removal of the $1.95 trillion asset cap allows growth in deposits, loans and fee-based services. After clearing the 2025 Fed stress test, Wells Fargo raised its dividend, backed by strong liquidity and capital position. Also, strategic investments in talent and technology support long-term growth.
Yet despite the recent Fed rate cut, NII recovery may remain slow, pressuring near-term revenue growth. The mortgage banking income remains weak amid ongoing mortgage rate volatility. Also, rising technology and compensation costs may weigh on profitability.
(You can read the full research report on Wells Fargo here >>>)
Amgen’s shares have outperformed the Zacks Medical - Biomedical and Genetics industry over the year-to-date period (+15.4% vs. +11.1%). The company’s key medicines like Evenity, Repatha and Blincyto and newer medicines like Tavneos and Tezspire, are driving sales, more than offsetting declining revenues from oncology biosimilars and mature products like Enbrel.
New biosimilar launches are also contributing to growth. Amgen has some key pipeline assets with a focus on the obesity candidate, MariTide. Data from studies on MariTide are expected in the fourth quarter. However, increased pricing headwinds and competitive pressure are hurting sales of many products.
Weakness in some key brands like Otezla and Lumakras creates potential revenue strains. Sales of best-selling drugs Prolia and Xgeva are expected to decline from the second half of 2025 due to biosimilar competition. Estimates have declined ahead of Q3 results. Amgen has a positive record of earnings surprises in recent quarters.
(You can read the full research report on Amgen here >>>)
Shares of IDT have gained +6.5% over the past year against the Zacks Diversified Communication Services industry’s gain of +10.2%. This microcap company with a market capitalization of $1.25 billion has scalable, high-margin platforms — NRS, BOSS Money and net2phone — which drive sustained EBITDA and cash flow growth. NRS recurring revenues rose 27% with expanding margins and POS growth, positioning for deeper monetization via digital coupons.
BOSS Money’s digital pivot lifted EBITDA, aided by margin expansion and WhatsApp integration. net2phone’s AI rollout supports 54% EBITDA growth and rising ARPU. Core communications remain a cash engine funding growth. Strong liquidity ($253.8 million, no debt) and a 43% EBITDA increase underpin flexible capital returns.
Risks include working-capital drag, customer concentration, pricing elasticity and rising CapEx intensity. The valuation suggests investors can access strong earnings growth and cash generation at a discounted entry point, offering significant multiple expansion potential.
(You can read the full research report on IDT here >>>)
Village Super Market’s shares have gained +15.4% over the past year against the Zacks Retail - Supermarkets industry’s gain of +30.1%. This microcap company with market capitalization of $488.08 million delivered strong FY25 results, with 12% net income growth to $56.4 million, driven by 2.1% same-store sales gains, digital adoption, and pharmacy strength.
Operating margin held firm at 23.95% due to labor and occupancy efficiencies. Strategic store replacements — like the larger-format Watchung and Old Bridge locations — boosted productivity and fulfillment. FY26 includes another replacement store in East Orange. A healthy balance sheet with $110.7 million in cash and reduced debt offers financial flexibility. Dividends remain consistent and sustainable, with a low payout ratio (<25%).
Village’s mix of urban and suburban formats enables targeted customer engagement. Risks include legal disputes with Wakefern, internal cannibalization, labor contract expirations, cybersecurity dependence, and margin pressures from inflation. Shares trade at 0.18x EV/sales vs. 1.22x for peers.
(You can read the full research report on Village Super Market here >>>)
Other noteworthy reports we are featuring today include RTX Corp. (RTX), Marsh & McLennan Companies, Inc. (MMC) and América Móvil, S.A.B. de C.V. (AMX).
Mark Vickery
Senior Editor
Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>
Today's Must Read
Featured Reports
Defense Orders Drive RTX Corporation (RTX), Despite Supply Chain Woes
Per the Zacks analyst, RTX is likely to benefit from increasing defense order growth from the Pentagon and US allies. Yet supply chain issues result in delays and increase costs.
Marsh & McLennan (MMC) Strategic Buyouts Aid, Expenses High
Per the Zacks analyst, multiple acquisitions help Marsh & McLennan expand geographically and diversify its portfolio. However, escalating expenses remain a concern.
Smucker (SJM) to Continue Gaining from Coffee Business Strength
Per the Zacks analyst, Smucker is likely to gain from strength in its coffee business, thanks to Folgers and Cafe Bustelo brands. In first quarter, coffee unit sales grew 15% driven by solid pricing.
AI Tax Assist Benefits H&R Block (HRB) Amid Low Liquidity
Per the Zacks Analyst, integration of a generative AI-powered technology, AI Tax Assist, in H&R Block's DIY tax preparation boosts top line. Low liquidity is concerning.
Spec Home Strategy Benefits Meritage Homes (MTH) Amid Macro Risks
Per the Zacks analyst, Meritage Homes is gaining from its speculative homebuilding strategy and land investments. However, housing market weakness and high costs are a hindrance.
R&D Focus & MedTech Strength Aid Integer Holdings (ITGR), Amid Risks
Per the Zacks analyst, Integer Holdings' strong R&D focus and solid presence in the MedTech space drive optimism. However, heavy regulation, competition, and supplier dependence remain concerns.
Global Reach & Inverter Shipments Aid SolarEdge Technologies (SEDG)
Per the Zacks analyst, SolarEdge Technologies benefits from its expanding production facilities and increased global footprint. Consistent inverter shipments will boost its performance.
New Upgrades
America Movil (AMX) Gains from Rising Subscriber Engagement
Per the Zacks analyst, America Movil's performance is benefiting from an uptick in broadband client base and wireless subscribers. An augmented 5G footprint is a tailwind.
Strong Adoption of Automated Solutions Aids Teradyne's (TER) Prospects
Per the Zacks analyst, Teradyne benefits from strong adoption of automated solutions that is automating semiconductor customers' back-end processes.
Alkermes (ALKS) Rides on Robust Sales Performance of Proprietary Drugs
Per the Zacks analyst, Alkermes' top line is being driven by the sales of its proprietary drugs, Vivitrol, Aristada and Lybalvi. The company is also making good progress with its pipeline development.
New Downgrades
Liberty Energy (LBRT) Hurt by Slowdown in Industry's Frac Activity
The Zacks analyst highlights challenges for Liberty Energy's earnings growth due to slowdown in industry's frac activity including market pricing pressures.
North American Slowdown to Pressure Halliburton (HAL)
The Zacks analyst believes that reduced spending and a cautious stance by North American operators could pressure Halliburton's onshore activity and pricing.
Subdued Truck Market & Tariffs Woes to Dent PACCAR's (PCAR) Margins
Weak truck deliveries, tariff costs, and input inflation are likely to pressure PACCAR's near-term margins amid a sluggish freight recovery, making the Zacks analyst bearish on the stock.
Radical New Technology Could Hand Investors Huge Gains
Quantum Computing is the next technological revolution, and it could be even more advanced than AI.
While some believed the technology was years away, it is already present and moving fast. Large hyperscalers, such as Microsoft, Google, Amazon, Oracle, and even Meta and Tesla, are scrambling to integrate quantum computing into their infrastructure.
Senior Stock Strategist Kevin Cook reveals 7 carefully selected stocks poised to dominate the quantum computing landscape in his report, Beyond AI: The Quantum Leap in Computing Power.
Kevin was among the early experts who recognized NVIDIA's enormous potential back in 2016. Now, he has keyed in on what could be "the next big thing" in quantum computing supremacy. Today, you have a rare chance to position your portfolio at the forefront of this opportunity.
See Top Quantum Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

Top Research Reports for Amazon.com, Wells Fargo & Amgen

The uptrend in the Aerospace & Defense industry is evident from the performance of the S&P Aerospace & Defense Select Industry Index, which has added 43.23% year to date, surpassing the S&P 500's 13.90% gain in the same period.
According to Reuters, ongoing conflicts in the Middle East and the prolonged Russia-Ukraine war have spurred greater demand for missiles and fighter jets, lifting defense contractor sales. However, persistent supply chain disruptions, intensified by the Trump administration’s trade policies, have impeded production efficiency and delayed backlog execution across the industry.
Earnings in Focus
Below, we highlight the third-quarter results of a few renowned U.S. Aerospace – Defense industry players.
Northrop Grumman
Northrop Grumman NOC reported third-quarter 2025 earnings of $7.67 per share, which beat the Zacks Consensus Estimate of $6.49 by 18.2%. NOC’s total sales of $10.42 billion missed the Zacks Consensus Estimate of $10.72 billion by 2.8%.
However, the top line rose 4.3% from $10 billion reported in the year-ago quarter, driven by higher sales from its Aeronautics Systems, Defense Systems and Mission Systems segments.
Per the abovementioned Reuters article, Northrop Grumman is also anticipated to participate in bids for the U.S. administration’s $175 billion Golden Dome missile defense system, potentially supporting long-term revenue expansion.
NOC’s year-over-year improvement can be attributed to strong segment operating performance. The company’s operating income during the quarter totaled $1.24 billion, reflecting a significant rise from $1.12 billion in the prior-year quarter.
NOC’s total backlog was $91.45 billion at the end of the third quarter compared with $89.74 billion at the end of second-quarter 2025.
NOC now expects its revenues in the range of $41.70-$41.90 billion, lower than the previous guidance in the band of $42.05-$42.25 billion. The Zacks Consensus Estimate for sales is pegged at $42.17 billion, above the company’s newly guided range.
RTX Corporation
RTX Corporation RTX reported third-quarter 2025 adjusted EPS of $1.70, beating the Zacks Consensus Estimate of $1.42 by 19.7%. The bottom line also improved 17.2% from the year-ago quarter’s level of $1.45.
RTX’s third-quarter sales totaled $22.48 billion, which surpassed the Zacks Consensus Estimate of $21.48 billion by 4.6%. The top line also surged a solid 11.9% from $20.09 billion recorded in the third quarter of 2024. RTX’s total costs and expenses increased nearly 10% year over year to $20.02 billion in the quarter. For first-quarter 2025, RTX reported a backlog of $217 billion.
During its postearnings conference call RTX management noted that the company aims to capture a share of the billions in U.S. defense spending allocated for the Golden Dome missile defense system, alongside continued demand for munitions replenishment, as quoted in a Reuters article.
RTX now expects adjusted EPS to be in the band of $6.10-$6.20, up from the previous projection of $5.80-$5.95. The Zacks Consensus Estimate for 2025 EPS is pegged at $5.94
Lockheed Martin
Lockheed Martin LMT reported third-quarter 2025 adjusted earnings of $6.95 per share, which beat the Zacks Consensus Estimate of $6.33 by 9.8%. The bottom line increased 2.2% from the year-ago quarter's reported figure of $6.80. The year-over-year improvement in earnings was primarily driven by higher revenues and operating profit.
Alongside Northrop Grumman and RTX, Lockheed Martin is also competing for a share of the Trump administration’s proposed $175 billion Golden Dome missile defense program, according to Reuters.
Net sales came in at $18.61 billion, which beat the Zacks Consensus Estimate of $18.56 billion by 0.3%. The top line also increased 8.8% from $17.10 billion reported in the year-ago quarter. The year-over-year improvement was driven by higher sales growth registered by LMT’s business segments.
LMT’s backlog, as of Sept. 28, 2025, was $179.07 billion compared with $176.04 billion as of Dec. 31, 2024. Lockheed now expects to generate sales in the range of $74.25-$74.75 billion in 2025, narrower than its earlier estimate of $73.75-$74.75 billion, with the Zacks Consensus Estimate pegged at $74.20 billion.
ETFs to Consider
The aerospace and defense industry maintains an optimistic outlook. Given the current geopolitical climate, the trend of rising military spending is likely to persist.
For investors looking to bet on Q3 results as well as the continued surge in military spending, the following Aerospace – Defense ETFs provide a great opportunity.
Investors can consider iShares U.S. Aerospace & Defense ETF ITA, Invesco Aerospace & Defense ETF PPA, SPDR S&P Aerospace & Defense ETF XAR, Global X Defense Tech ETF SHLD and U.S. Global Technology and Aerospace & Defense ETF WAR.
Regarding charging annual fees, XAR is the cheapest option, charging 0.35%, and is more suitable for long-term investing.
With a one-month average trading volume of about 1.38 million shares, SHLD is the most liquid option, offering investors easier entry and exit, ideal for active trading strategies.
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Aerospace & Defense ETFs in Focus This Earnings Season

Honeywell International Inc. HON reported third-quarter 2025 adjusted earnings of $2.82 per share, which surpassed the Zacks Consensus Estimate of $2.56. The bottom line increased 9% year over year on an adjusted basis. On a reported basis, the company’s earnings were $2.86 per share, up 32% year over year.
Total revenues of $10.41 billion beat the consensus estimate of $10.16 billion. The top line increased 7% from the year-ago quarter, driven by strength in Aerospace Technologies and Building Automation segments. Organic sales increased 6% year over year.
Honeywell Q3 Performance by Business Segment
Beginning in the second quarter of 2024, the company started operating under the segments discussed below.
Aerospace Technologies’ quarterly revenues were $4.51 billion, up 15% year over year. Organic sales increased 12% year over year. Strength in both commercial aftermarket and defense and space markets, driven by increased flight activity, augmented the top line. Sales from the commercial aftermarket surged 19% driven by persistent strength across business jet and air transport markets along with supply-chain improvements. Sales from the defense and space business increased 10% on robust global demand.
Industrial Automation revenues declined 9% year over year to $2.27 billion. Organic sales grew 1% year over year. The sales decline was primarily attributable to divestiture of personal protective equipment business. Organic sales growth was driven by strength in sensing and warehouse & workflow solutions businesses, which was partially offset by weakness in productivity solutions and services business. Our estimate for segmental revenues was pegged at $2.32 billion.
Building Automation revenues totaled $1.88 billion, up 8% year over year. Organic sales increased 7% year over year. The upside was driven by ongoing strength in both the building solutions and building products businesses. While sales from the building solutions business grew 7%, the same from building products business increased 6%. Our estimate for the segment’s revenues was also $1.88 billion.
Energy and Sustainability Solutions’ revenues increased 11% to $1.74 billion. Organic sales fell 2% year over year. The results were driven by strength in advanced materials business, supported by solid demand for refrigerants. However, weakness in the UOP business due to licensing delays and reduced catalyst shipment volumes offset the gains. Our estimate for the segment’s revenues was $1.57 billion.
Honeywell International Inc. Price, Consensus and EPS Surprise
Costs & Margins of HON
The company’s total cost of sales (cost of products and services) was about $6.86 billion, up 14.7% year over year. Selling, general and administrative expenses were $1.30 billion, down 7.3%. Interest expenses and other financial charges were $354 million, reflecting an increase of 19.2% year over year.
Operating income was $1.75 billion, down 6% year over year. The operating income margin was 16.9% compared with 19.1% in the year-ago period.
HON’s Balance Sheet & Cash Flow
Exiting third-quarter 2025, Honeywell had cash and cash equivalents of $12.9 billion compared with $10.6 billion at the end of December 2024. Long-term debt was $30.1 billion, higher than $25.5 billion at 2024-end.
In the third quarter, it generated net cash of $3.3 billion from operating activities compared with $2 billion in the prior-year quarter. Capital expenditure totaled $374 million compared with $279 million in the previous year quarter.
Free cash flow in the quarter was $1.45 billion, down 16% from the year-ago quarter’s level.
Honeywell’s 2025 Guidance
For 2025, Honeywell expects sales to be in the range of $40.7-$40.9 billion, lower than $40.8-$41.3 billion projected previously. Organic sales are now expected to increase approximately 6% compared with its earlier projection of 4-5%.
HON expects a segment margin of 22.9-23.0% compared with 23.0-23.2% guided previously. The metric indicates an increase of 30-40 basis points year over year. Adjusted earnings per share (EPS) are expected to be between $10.60 and $10.70, higher than $10.45-$10.65 guided earlier. The metric indicates an increase of 7-8% on a year-over-year basis.
It currently expects operating cash flow in the range of $6.4-$6.8 billion. Free cash flow is expected to be in the band of $5.2-$5.6 billion.
HON’s Zacks Rank & Key Picks
The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Some better-ranked stocks from the same space are discussed below:
RTX Corporation RTX presently carries a Zacks Rank #2 (Buy). RTX’s earnings surpassed the consensus estimate in each of the trailing four quarters. The average earnings surprise was 12.2%. In the past 60 days, the Zacks Consensus Estimate for RTX Corp.’ 2025 earnings has increased 1.3%.
Textron Inc. TXT currently carries a Zacks Rank of 2. TXT’s earnings surpassed the consensus estimate thrice and missed once in the trailing four quarters. The average earnings surprise was 4.8%. In the past 60 days, the Zacks Consensus Estimate for Textron’s 2025 earnings has increased 0.3%.
ITT Inc. ITT currently carries a Zacks Rank of 2. ITT has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters, the average surprise being 1.5%. In the past 60 days, the Zacks Consensus Estimate for ITT’s 2025 earnings has inched up 0.2%.
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Honeywell's Q3 Earnings Top Estimates on Strong Aerospace Momentum

Textron Inc. TXT reported third-quarter 2025 adjusted earnings of $1.55 per share, which beat the Zacks Consensus Estimate of $1.47 by 5.4%. The bottom line also rose 10.7% from $1.40 in the year-ago quarter.
The company reported GAAP earnings of $1.31 per share compared with $1.18 a year ago.
TXT’s Revenues
The company reported total revenues of $3.6 billion, which missed the Zacks Consensus Estimate of $3.71 billion by 2.8%. Moreover, revenues increased 4.9% from the year-ago quarter’s level of $3.43 billion.
Textron Inc. Price, Consensus and EPS Surprise
Segmental Performance of Textron
Textron Aviation: Revenues from this segment increased 10% year over year to $1.5 billion. This was primarily driven by higher volume and mix, which included higher Citation jet and commercial turboprop volume, partially offset by lower defense volume.
The segment delivered 42 jets, up from 41 in the year-ago quarter. It also delivered 39 commercial turboprops, up from 25 in the third quarter of 2024.
Order backlog at the end of the quarter totaled $7.7 billion.
Bell: Revenues from this segment amounted to $1 billion, up 10% from the year-ago quarter’s registered number. This was driven by higher military revenues of $128 million, primarily due to higher volume from the U.S. Army's MV-75 program, partially offset by lower commercial revenues of $31 million, primarily due to volume.
Bell delivered 30 commercial helicopters, flat year over year.
Its order backlog at the end of the quarter totaled $8.2 billion.
Textron Systems: This segment’s revenues amounted to $307 million, up $6 million from the prior-year level.
Textron Systems’ backlog at the end of the quarter totaled $3.2 billion.
Industrial: Revenues from this segment declined $79 million to $761 million due to lower revenues related to the divestiture of the Powersports business.
Textron eAviation: Revenues from the segment totaled $5 million, lower than the prior-year period’s revenues of $6 million.
Finance: This segment’s revenues amounted to $26 million compared with $12 million in the year-ago quarter.
Textron’s Financials
As of Sept. 27, 2025, cash and cash equivalents totaled $1.45 billion compared with $1.39 billion as of Dec. 28, 2024.
Cash generated from operating activities in the first nine months of 2025 amounted to $629 million compared with $561 million in the year-ago period.
Capital expenditures amounted to $210 million (as of Sept. 27) compared with $211 million in the prior-year period.
The long-term debt totaled $3.04 billion as of Sept. 27, 2025, compared with $2.89 billion as of Dec. 28, 2024.
TXT’s Guidance
Textron expects adjusted earnings to be in the range of $6.00-$6.20 per share. The Zacks Consensus Estimate for earnings is pegged at $6.15 per share, which lies above the mid-point of its guided range.
TXT’s Zacks Rank
Textron currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Recent Defense Release
RTX Corporation’s RTX third-quarter 2025 adjusted earnings per share (EPS) of $1.70 beat the Zacks Consensus Estimate of $1.42 by 19.7%. The bottom line also improved 17.2% from the year-ago quarter’s level of $1.45.
RTX’s third-quarter sales totaled $22.48 billion, which surpassed the Zacks Consensus Estimate of $21.48 billion by 4.6%. The top line also surged a solid 11.9% from $20.09 billion recorded for the third quarter of 2024.
Upcoming Defense Releases
General Dynamics GD is slated to report third-quarter results on Oct. 24, before market open. The Zacks Consensus Estimate for earnings is pegged at $3.73 per share, which indicates a year-over-year increase of 11.3%.
GD’s long-term (three to five years) earnings growth rate is 10.67%. The Zacks Consensus Estimate for sales is pegged at $12.61 billion, which indicates a year-over-year increase of 8.1%.
The Boeing Company BA is slated to report third-quarter results on Oct. 29, before market open. The Zacks Consensus Estimate for earnings is pegged at a loss of $1.83 per share.
BA’s long-term earnings growth rate is 20.85%. The Zacks Consensus Estimate for third-quarter sales is pinned at $21.64 billion, indicating year-over-year growth of 21.3%.
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Textron Q3 Earnings Beat Estimates, Revenues Improve Y/Y

Teledyne Technologies Inc. TDY reported third-quarter 2025 adjusted earnings of $5.57 per share, which surpassed the Zacks Consensus Estimate of $5.50 by 1.3%. The bottom line also improved 7.8% from $5.10 recorded in the year-ago quarter.
Including one-time items, the company recorded GAAP earnings of $4.65 per share, up 16.1% from the prior-year period’s earnings of $5.54 per share.
The year-over-year decline in the bottom line can be attributed to higher cost of sales, selling, general and administrative expenses, as well as, research and development expenses in the third quarter than the year-ago quarter’s reported actuals.
Operational Highlights of TDY
Total sales were $1.54 billion, which beat the Zacks Consensus Estimate of $1.52 billion by 1%. The top line also surged 6.7% from $1.44 billion reported in the year-ago quarter. This improvement can be attributed to higher year-over-year sales recorded in the majority of its business segments.
Teledyne Technologies Incorporated Price, Consensus and EPS Surprise
Teledyne Technologies Incorporated price-consensus-eps-surprise-chart | Teledyne Technologies Incorporated Quote
TDY’s Segmental Performance
Instrumentation: Sales in this segment increased 3.9% year over year to $363.6 million, driven by higher sales of environmental instrumentation, marine instrumentation and electronic test and measurement instrumentation.
The adjusted operating income rose 2.3% year over year to $102.1 million.
Digital Imaging: Quarterly sales in this division increased 2.2% year over year to $785.4 million. The jump was due to higher sales of commercial infrared imaging components and subsystems, unmanned air systems and industrial automation imaging systems.
The adjusted operating income declined 2% year over year to $170.2 million.
Aerospace and Defense Electronics: Sales in this segment totaled $275.5 million, up 37.6% from the prior-year quarter. The improvement was driven by higher sales of defense electronics.
The adjusted operating income increased 36.8% year over year to $77.3 million.
Engineered Systems: Revenues in this division fell 8.1% year over year to $115 million due to lower sales of engineered products and energy systems.
This segment's operating income decreased 5.4% to $12.2 million.
Financial Condition of TDY
Teledyne’s cash and cash equivalents totaled $528.6 million as of Sept. 28, 2025, compared with $649.8 million as of Dec. 29, 2024.
Its long-term debt was $2.08 billion at the end of the third quarter of 2025 compared with $2.65 billion as of Dec. 29, 2024.
Cash flow from operating activities totaled $343.1 million for the third quarter compared with $249.8 million in the prior-year period.
TDY generated free cash flow of $313.9 million, up from $228.7 million in the prior-year quarter.
TDY’s Guidance
Teledyne expects to generate adjusted earnings in the band of $5.73-$5.88 per share for the fourth quarter of 2025. The Zacks Consensus Estimate for TDY’s fourth-quarter earnings is pegged at $5.90 per share, higher than the company's guided range.
For 2025, Teledyne expects its adjusted earnings to be in the range of $21.45-$21.60 per share. The Zacks Consensus Estimate for earnings is pegged at $21.48 per share, which lies below the midpoint of the company’s guided range.
TDY’s Zacks Rank
Teledyne currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Recent Defense Releases
RTX Corporation’s RTX third-quarter 2025 adjusted earnings per share (EPS) of $1.70 beat the Zacks Consensus Estimate of $1.42 by 19.7%. The bottom line also improved 17.2% from the year-ago quarter’s level of $1.45.
RTX’s third-quarter sales totaled $22.48 billion, which surpassed the Zacks Consensus Estimate of $21.48 billion by 4.6%. The top line also surged a solid 11.9% from $20.09 billion recorded for the third quarter of 2024.
Lockheed Martin Corporation LMT reported third-quarter 2025 adjusted earnings of $6.95 per share, which beat the Zacks Consensus Estimate of $6.33 by 9.8%. The bottom line increased 2.2% from the year-ago quarter's reported figure of $6.80.
Net sales were $18.61 billion, which beat the Zacks Consensus Estimate of $18.56 billion by 0.3%. The top line also inched up 8.8% from $17.10 billion reported in the year-ago quarter.
Northrop Grumman Corporation NOC reported third-quarter 2025 adjusted earnings of $7.67 per share, which beat the Zacks Consensus Estimate of $6.49 by 18.2%. The bottom line also increased 9.6% from $7.00 registered in the prior-year quarter.
NOC’s total sales of $10.42 billion in the third quarter missed the Zacks Consensus Estimate of $10.72 billion by 2.8%. However, the top line rose 4.3% from $10 billion reported in the year-ago quarter.
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Indicator	TTM Median
P/E	34.41 21.58
Price/Sales	2.07 1.29
P/B	2.62 2.25
P/FCF	21.55 17.83

Indicator	TTM Median
ROE	7.64 15.71
ROA	2.91 6.45
ROI	4.59 9.56
Net Worth	161.65 1.27
Quick Ratio	0.73 1.16
Current Ratio	0.99 1.57

Indicator	TTM Median
Net Profit Margin	5.97 7.31
Operating Margin	7.85 10.18
Gross Margin	19.21 32.50
Return on tangible equity	-17.72 25.81

Indicator	TTM Median
EPS	1.45 0.49
EPS Forecast	1.33 0.53
Revenue	20.09B 194.00M
Gross Profit	4.03B —
EBITDA	3.12B —

RTX Corporation

TTM metrics for the latest quarter under IFRS and their historical dynamics

Valuation

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Efficiency

Other ratios

Revenue