Key Highlights

  • Shares are trading 14.54% higher at $89.71 on Thursday, October 29, 2026, from an implied prior close near $78.32 (calculated).
  • Third-quarter revenue reached $3.751 billion, up 4.1% from $3.602 billion.
  • Adjusted income from continuing operations was $1.76 per share against $1.55, versus a consensus near $1.43.
  • Full-year adjusted EPS guidance rose to $6.55 to $6.65 from $6.40 to $6.60.
  • Textron Aviation revenue grew 14% to $1.68 billion on 51 jet deliveries compared with 42.

Textron Earnings Rally: What Drove the 14.54% Rise After the Third-Quarter Report?

Textron (NYSE:TXT) shares are trading 14.54% higher at $89.71 on Thursday, October 29, 2026, after the company posted third-quarter results and lifted its full-year outlook. The implied prior close was about $78.32 (calculated). Adjusted income from continuing operations came to $1.76 per share, up from $1.55 a year earlier and well above a consensus near $1.43.

Textron builds Cessna and Beechcraft aircraft through Textron Aviation, Bell helicopters and tiltrotor programs, Textron Systems defense products and industrial equipment. Third-quarter revenue was $3.751 billion, up 4.1% from $3.602 billion, and net income was $270 million against $234 million. Diluted EPS from continuing operations was $1.56 versus $1.31.

Textron Segment Results: Why Did Aviation and Systems Expand While Bell Slid 9%?

Textron Aviation revenue grew 14% to $1.68 billion, with 51 jets delivered compared with 42 in the year-ago quarter. Textron Systems revenue climbed 16% to $360 million, and the Industrial segment edged up 1% to $765 million.

Bell revenue declined 9% to $933 million. The material at hand does not explain the drop. The company's quarterly filing notes that it paid $72 million in the first quarter of 2026 to terminate a finance lease tied to its option to purchase the MV-75 program manufacturing facility.

Cumulative catch-up adjustments contributed $19 million to segment profit and $15 million to net income, or $0.09 per diluted share, in the quarter. The filing reports no special charges for the period.

Textron Higher Guidance: How Do the New Ranges and Price Targets Stack Up?

Full-year 2026 adjusted EPS from continuing operations is now guided to $6.55 to $6.65, up from $6.40 to $6.60. GAAP EPS guidance moved to $5.64 to $5.74 from $5.39 to $5.59. Manufacturing cash flow before pension contributions is guided to $800 million to $900 million, also higher.

Manufacturing cash flow for the quarter was $512 million against $348 million, and Textron bought back $239 million of stock. Cash stood at $1.696 billion at October 3, 2026, compared with manufacturing long-term debt of $3.110 billion plus a $355 million current portion.

Shares remain below the 52-week high of $100.77 reached in February 2026. Morgan Stanley lowered its target to $86 on October 16 and Citigroup cut to $86 on October 7, while TD Cowen holds $100, all cited as data points only.

What to Watch Next: Bell's Path, Cash Conversion and the December 11 Dividend Date

Upcoming markers include the December 11 ex-dividend date for the $0.02 quarterly dividend and the fourth-quarter and full-year report in early 2027, which will show whether the $6.55 to $6.65 adjusted EPS range and the $800 million to $900 million cash flow range hold. Bell revenue and the pace of jet deliveries will also be followed.