For the first quarter of 2026, analysts anticipate a consensus EPS of $2.31 on revenue of $9.3 billion, representing year-over-year declines of 8% and 5.6% respectively, with the stock currently trading at $229.74 against an average price target of $251.83.
Investors are primarily focused on the performance of the Aerospace Technologies segment and progress toward its planned spinoff in the third quarter of 2026.
Management previously warned that Middle East shipping disruptions could delay up to high-single-digit percentages of quarterly revenue, creating a temporary logistical headwind despite steady underlying demand.
Growth is expected to be anchored by the commercial aviation aftermarket and a record $37 billion backlog, which supports the company's unchanged full-year 2026 guidance.