Textron Reports Higher Second-Quarter Earnings and Starts Industrial Sale Process

Textron reported second-quarter 2026 revenue of $3.8 billion for the quarter ended July 4, up $111 million, or 3%, from a year earlier, while GAAP EPS rose to $1.42 from $1.35 and adjusted EPS increased to $1.62 from $1.55. The company returned $209 million through share repurchases, reiterated its 2026 adjusted EPS guidance of $6.40 to $6.60 and manufacturing cash flow outlook of $700 million to $800 million, and said it has initiated a process to sell its Industrial segment; guidance assumes additional fiscal 2026 funding for the MV-75 program, without which adjusted EPS could decline by $0.20 to $0.30 and cash flow by $150 million to $250 million.