L3Harris Technologies (LHX)
NYSE:LHX
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Earnings Data
Report Date
Jul 23, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
2.8Last Year’s EPS
2.78Same Quarter Last Year
Moderate Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational momentum and strategic progress: robust organic revenue growth (+15%), record backlog (> $40B) with meaningful pending MAC opportunities (~$25B), notable segment outperformance (Space & Mission Systems +24%, Missile Solutions +18%), margin expansion, and significant structural actions (S-1 filed, $1B investment, asset sale). The primary negatives were a Q1 free cash flow outflow (-$187M) driven by working capital timing, some unfavorable EAC adjustments, and conservative full-year guidance despite the strong start. Overall, positive execution and substantial long-term visibility outweigh the transitory cash and program-estimate headwinds.Company Guidance
Strong Revenue and Organic Growth
Q1 revenue of $5.7 billion, up ~15% organically (over $600 million increase); organic growth in 9 of the last 10 quarters; company reaffirmed full-year revenue guidance of $23.0B–$23.5B (≈7% organic growth at midpoint).
Record Backlog and Book-to-Bill Strength
Backlog nearly doubled to over $40 billion (does not include ~$25 billion of Munitions Acceleration Council orders currently in negotiations); backlog now ~2x revenue coverage; overall book-to-bill 1.4 and international book-to-bill 2.2 for the quarter.
Profitability and EPS Expansion
Segment operating income increased by $125 million to $902 million; segment operating margin 15.7%, up 10 basis points year-over-year; GAAP EPS of $2.72, up 33% year-over-year; company increased GAAP EPS guidance by $0.10 to $11.40–$11.60.
Segment-Level Outperformance — Space & Mission Systems
Space & Mission Systems revenue of $3.0 billion, up 24% year-over-year; margin expansion driven by improved program performance and milestone recognition on a classified program.
Segment-Level Outperformance — Missile Solutions
Missile Solutions revenue of $1.0 billion, up 18% year-over-year; segment margin improved to 12.5%, up 110 basis points, driven by mix, volume and a gain on the sale of legacy assets.
Communications and International Momentum
Communication & Spectrum Dominance revenue $1.9 billion, up 3% year-over-year; international revenue growth accelerating over 20%; booked $460 million of international orders for resilient, low-probability-of-detect communications from three NATO countries.
Notable Wins and Orders
Won an international multi-aircraft missionized business jet program valued at >$2.2 billion with an initial $726 million order booked in Q1; secured ~ $700 million in Strategic Tanker & Transport awards in Canada; 56 SDA tracking satellites secured to date; delivered first two Peregrine business jets to the Royal Australian Air Force and have 20 missionized business jets in production.
Capital and Structural Transactions to Accelerate Growth
Filed a confidential Form S-1 for planned IPO of Missile Solutions (new company name: Axyv); received a $1 billion investment from the Department of War; entered into agreement to sell 60% of space propulsion & power systems business — actions designed to unlock value and accelerate capacity expansion.
Investments and Productivity Gains
Investment in innovation and capacity increased 44% in the quarter; revenue per employee up ~25% over the past couple of years; installed base of ~1 million software-defined radios with potential to increase ~20% over the next couple of years.
Program and Technical Demonstrations
HPTSS program and team recognized with the 2025 David Packard Excellence in Acquisition Award for demonstrated hypersonic tracking; VAMPIRE counter-UAS system is combat-proven with hundreds of successful engagements; supported Artemis II mission with >100 subsystems.
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 |
|---|---|---|---|
Apr 30, 2026 | $321.40 | $320.55 | -0.26% |
Jan 29, 2026 | $359.05 | $354.78 | -1.19% |
Oct 30, 2025 | $284.69 | $293.65 | +3.15% |
Jul 24, 2025 | $266.37 | $269.95 | +1.34% |
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 Jul 23, 2026, Before Open (Confirmed).
What is L3Harris Technologies (LHX) earnings time?
L3Harris Technologies (LHX) earnings time is at Jul 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 (Q2) is 2.8.