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L3Harris Technologies (LHX)
NYSE:LHX
Earnings Data
Report Date
Apr 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
2.57Last Year’s EPS
2.41Same Quarter Last Year
Strong Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong financial performance (revenue growth, margin expansion, EPS and free cash flow growth), a record backlog and major contract wins, successful cost savings delivered early, and strategic moves (government investment and planned IPO) designed to scale missile production. Headwinds discussed were execution-related impacts to specific programs (notably IMS/Maritime), funding timing uncertainty from government appropriations/shutdowns, stepped-up CapEx to scale missile capacity, and supply-chain scaling risk. Overall, the positives — including robust guidance (7% organic growth midpoint), exceeded cost savings, strong cash generation, and strategic government partnership — materially outweigh the highlighted challenges.Company Guidance
Record Revenue and Organic Growth
Fiscal 2025 revenue of $21.9 billion, up 5% organically year-over-year; Q4 revenue $5.6 billion, up 6% organically.
Margin Expansion and EPS Improvement
Adjusted segment operating margin improved to 15.8% for 2025 (up 40 basis points); Q4 margin 15.7% (up 40 bps). Non-GAAP EPS was $10.73, up 11% YoY; Q4 non-GAAP EPS $2.86, up 10% YoY.
Strong Free Cash Flow and Balance Sheet Execution
Adjusted free cash flow grew to $2.8 billion, an increase of greater than 20% driven by earnings growth, working capital management, and tax benefits; 2026 free cash flow guidance of $3.0 billion.
Record Backlog, Book-to-Bill and Order Wins
Record backlog in excess of $38 billion and book-to-bill of 1.3; notable Q4/2025 wins include a $2.2 billion South Korea AEW business-jet award, ~ $850 million SDA tracking-layer contract (18 satellites), an international weather satellite program (~$200 million), multiple tactical comms/SDR orders totaling >$200 million, and a post-quarter >$700 million initial order for multi-aircraft special mission business jets (potential >$2 billion).
Aerojet Rocketdyne Strong Growth
Aerojet Rocketdyne revenue exceeded $2.8 billion in 2025 with 12% organic growth; Q4 organic growth also 12%; full-year margin 12.5% and Q4 margin expanded to 11.8% (up 130 bps).
Segment-Level Performance and Reorganization
Segment results: CS/CSD revenue $5.7 billion (+4%), margin 25.2% (up 50 bps); IMS revenue $6.6 billion (+8% organically); SAS revenue $6.9 billion. Company reorganized from four segments to three (SMS, CSD, MSL) to align technology and business models.
Exceeded LHX NEXT Savings Target Early
Exceeded the LHX NEXT $1 billion savings commitment one year ahead of plan, contributing to margin improvement and operational efficiency.
Strategic Capital and Government Partnership
Announced planned IPO of Missile Solutions in 2026 and Department of War planned $1 billion preferred investment (converts at 20% discount + 3% detachable warrants) with expected single-digit equity stake; guidance for 2026 revenue $23.0–$23.5 billion (midpoint ~7% organic growth) and GAAP diluted EPS $11.30–$11.50.
LHX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LHX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 29, 2026 | $360.30 | $356.02 | -1.19% |
Oct 30, 2025 | $286.87 | $295.90 | +3.15% |
Jul 24, 2025 | $268.41 | $272.02 | +1.34% |
Apr 24, 2025 | $214.30 | $214.26 | -0.02% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does L3Harris Technologies (LHX) report earnings?
L3Harris Technologies (LHX) is schdueled to report earning on Apr 23, 2026, Before Open (Confirmed).
What is L3Harris Technologies (LHX) earnings time?
L3Harris Technologies (LHX) earnings time is at Apr 23, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LHX EPS forecast?
LHX EPS forecast for the fiscal quarter 2026 (Q1) is 2.57.