The earnings call presented a largely positive outlook for L3Harris, with record bookings, strong financial performance, positive guidance revisions, and successful integration of Aerojet Rocketdyne. While there are some challenges, such as the Canadian Maritime Helicopter program and potential tax headwinds, these are outweighed by the company's achievements and strategic alignment with defense priorities.

Company Guidance -

Q3 2025

During the call, L3Harris Technologies provided an optimistic outlook, raising its 2025 guidance due to strong performance in the first half of the year. The company achieved a record book-to-bill ratio of 1.5 in the second quarter, with total orders reaching $8.3 billion and revenue at $5.4 billion, reflecting a 6% organic growth. Segment operating margin increased by 30 basis points to 15.9%. The company's non-GAAP EPS grew by 16% year-over-year to $2.78, and free cash flow reached $574 million. L3Harris is on track with its LHX NeXt program, aiming for $1 billion in cost savings over three years, and is currently 40% ahead of its target. The Aerojet Rocketdyne integration is complete, with a 12% organic growth and a 2.0 book-to-bill. The guidance for 2025 includes a $200 million increase in revenue, a non-GAAP EPS raise by $0.10, and an uplift in free cash flow guidance to approximately $2.65 billion. The company also reaffirmed its 2026 outlook with expectations of $23 billion in revenue and a segment operating margin in the low 16% range, alongside an increased free cash flow target of $3 billion.

Record Book-to-Bill Ratio

L3Harris posted a record book-to-bill of 1.5 in the quarter, indicating strong demand and alignment with strategic initiatives.

Strong Financial Performance

The company reported revenue of $5.4 billion, reflecting a strong organic growth of 6%. Non-GAAP EPS was $2.78, up 16% year-over-year, and free cash flow was $574 million.

Increased Guidance for Fiscal Year 2025

L3Harris increased its revenue guidance by $200 million and free cash flow guidance by $200 million, reflecting strong performance and improved outlook.

Successful Integration of Aerojet Rocketdyne

Aerojet Rocketdyne delivered strong results with 12% organic growth and a 2.0 book-to-bill, marking the highest revenue quarter on record for the segment.

Significant International Growth

L3Harris secured software-defined radio awards from German and Czech armed forces, highlighting international expansion and alignment with NATO priorities.

Cost Savings Ahead of Schedule

The company is tracking 40% ahead of its LHX NeXt cost-saving target, contributing to strong margin performance.

L3Harris Technologies (LHX) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

LHX Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Oct 23, 2025	2025 (Q3)	2.61 / -	3.34	―	―	―
Jul 24, 2025	2025 (Q2)	2.48 / 2.78	3.24	-14.20% (-0.46)
Apr 24, 2025	2025 (Q1)	2.31 / 2.41	3.06	-21.24% (-0.65)
Jan 30, 2025	2024 (Q4)	3.42 / 3.47	3.35	3.58% (+0.12)
Oct 24, 2024	2024 (Q3)	3.25 / 3.34	3.19	4.70% (+0.15)
Jul 25, 2024	2024 (Q2)	3.18 / 3.24	2.97	9.09% (+0.27)
Apr 25, 2024	2024 (Q1)	2.90 / 3.06	2.86	6.99% (+0.20)
Jan 25, 2024	2023 (Q4)	3.31 / 3.35	3.27	2.45% (+0.08)
Oct 26, 2023	2023 (Q3)	3.04 / 3.19	3.26	-2.15% (-0.07)	―
Jul 26, 2023	2023 (Q2)	2.94 / 2.97	3.23	-8.05% (-0.26)	―

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
Jul 24, 2025	$269.60	$273.22	+1.34%
Apr 24, 2025	$215.24	$215.20	-0.02%
Jan 30, 2025	$209.75	$209.86	+0.05%
Oct 24, 2024	$240.50	$249.02	+3.54%

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 Oct 23, 2025, Before Open (Confirmed).

What is L3harris Technologies (LHX) earnings time?

L3harris Technologies (LHX) earnings time is at Oct 23, 2025, 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 2025 (Q3) is 2.61.

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