| Quarter | Call date | Disclosure | Financial quality | Kept | Missed | |
|---|---|---|---|---|---|---|
| Q2'26 | July 28, 2026 | 5/12 | 4 high, 4 medium, 1 low flags | 0 | 3 | Call sheet → |
| Q1'26 | April 30, 2026 | 10/12 | 1 high, 3 medium, 2 low flags | 4 | 2 | Call sheet → |
| Q4'25 | January 28, 2026 | 10/12 | 2 high, 4 medium, 2 low flags | 5 | 1 | Call sheet → |
| Marked | Status | Promise |
|---|---|---|
| Q2'26 | Missed | Deliveries to increase each quarter this year Jets down YoY, only up 3 units QoQ despite massive backlog |
| Q2'26 | Pending | New Textron as pure play A&D by 2027 On track but industrial sale process just starting |
| Q2'26 | Missed | Supply chain improvements continuing Admitted still having key component issues, internal problems as big as external |
| Q2'26 | Pending | Industrial separation within 12-18 months Now actively selling but timeline unchanged |
| Q2'26 | Pending | Denali pacing to enter service in 2027 Still saying 2027 but 'final phases' language suggests risk |
| Q2'26 | Pending | Gen 3 light jets expected to enter service next year Reiterated 2027 timeline but CJ-3 hasn't even had first flight yet |
| Q2'26 | Missed | Strong start to year with growth in each manufacturing segment Q2 growth decelerated to 3% from Q1's 12%; aviation grew only 1% |
| Q1'26 | Delivered | Aviation delivery volume increases 37 jets vs 31 prior year, 35 turboprops vs 30 |
| Q1'26 | Missed | Strong cash generation $228M cash use vs positive generation expected |
| Q1'26 | Delivered | Industrial organic growth improvement 4% organic growth after powersports divestiture |
| Q1'26 | Exceeded | Systems growth drivers across multiple domains Revenue up 13% with $255M backlog increase in quarter |
| Q1'26 | Delivered | MV-75 program acceleration Military revenue up 25%, clear production progress and Army naming |
| Q1'26 | Missed | Bell commercial business recovery Commercial revenue down $74M YoY - recovery narrative hasn't materialized |
| Q1'26 | Pending | Continue to see aviation efficiency improvements Still fighting 'different little fires' - efficiency gains remain elusive |
| Q4'25 | Delivered | Continued aftermarket growth at Aviation 6% growth in 2025, guiding same for 2026 |
| Q4'25 | Missed | Manufacturing cash flow $900M-1B for 2025 Actual $969M, below midpoint due to working capital |
| Q4'25 | Delivered | Full year adjusted EPS $6.00-6.20 range Came in at $6.10, middle of guidance range |
| Q4'25 | Exceeded | Systems hitting growth inflection point 7% revenue growth guidance for 2026 confirms inflection, but at lower margins |
| Q4'25 | Delivered | MV-75 acceleration bringing forward LRIP by 2-3 years Confirmed pull-forward timeline but now quantifying catch-up charges |
| Q4'25 | Delivered | Aviation expected to see progression with Q4 strong volume driving good margin Q4 volume surged 36% and margins improved, though not to levels expected |
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