L3Harris Technologies, Inc.: Beat — EPS $3.28, Revenue $6.06B
Earnings BeatQ3 2026 · Pre-market
Did L3Harris Technologies, Inc. (LHX) beat earnings today?
Yes, L3Harris Technologies, Inc. (LHX) beat Wall Street analyst expectations for Q3 2026, reporting higher-than-expected EPS and higher-than-expected revenue.
Earnings Per Share+11.19% surprise
$3.28Actual
Expected: $2.95
vs. year ago +33.3%
Total Revenue+2.02% surprise
$6.06BActual
Expected: $5.94B
vs. year ago +7.0%
Released Oct 29 · 6:00 AM ET
Earning Report
| Metric | Q3 2026 | Q3 2025 | YoY Change % |
|---|---|---|---|
| Revenue | $6.06B | $5.66B | +7.0% |
| Revenue detail — reported lines | |||
| └─Space & Mission Systems | $3.09B | $2.80B | +10.3% |
| └─Communications & Spectrum Dominance | $2.00B | $1.94B | +3.1% |
| └─Missile Solutions | $1.06B | $1.01B | +4.9% |
| └─Intersegment | ($80.00M) | ($88.00M) | - |
| └─Other | ($5.00M) | $1.00M | -600.0% |
| Net Income | $632.00M | $462.00M | +36.8% |
| GAAP Basic EPS | $3.29 | $2.47 | +33.2% |
| GAAP Diluted EPS | $3.28 | $2.46 | +33.3% |
Financial Outlook / Guidance
| Metric | Next Quarter Outlook | FY26 Guidance |
|---|---|---|
| Space & Mission Systems | — | ~$11.9B (Prior: ~$11.7B) |
| Communications & Spectrum Dominance | — | ~$7.9B (Prior: ~$8B) |
| Missile Solutions | — | ~$4.1B (unchanged) |
| Revenue | — | $23.5B - $23.7B (Prior: $23.2B - $23.7B) |
| Space & Mission Systems | — | mid 10% (unchanged) |
| Communications & Spectrum Dominance | — | mid 25% (unchanged) |
| Missile Solutions | — | low 12% (unchanged) |
| Segment Operating Margin | — | Low 16% (unchanged) |
| GAAP EPS | — | $12.25 - $12.35 (Prior: $11.80 - $12.00) |
| Cash from Operations | — | $3.6B (unchanged) |
| Free Cash Flow | — | $3.0B (unchanged) |
Business Highlights
- ➤Captured a $6.3B seven-year THAAD propulsion-production contract.
- ➤Captured a $4.7B seven-year PAC-3 MSE propulsion-production contract.
- ➤Announced a $250M follow-on contract for GMLRS propulsion units.
- ➤Secured over $500M in VAMPIRE C-UAS orders from the United States and allies.
- ➤Delivered first VAMPIRE units to the U.S. Army two months after order receipt.
- ➤Received an $876M NGJ-LB contract modification for U.S. Navy tactical electronic warfare.
- ➤Opened the Arsenal of Freedom solid rocket motor facility in Camden, Arkansas.
- ➤Building approximately 60 new facilities to meet rising munitions demand.
- ➤Completed launch of NASA's Nancy Grace Roman Space Telescope with L3Harris hardware.
- ➤Supplied Roman's 2.4-meter Optical Telescope Assembly and radiation-hardened electronics.
Management Commentary
Sam Mehta, President and CEO, L3Harris
“Our team’s exceptional execution delivered solid financial performance in the third quarter. We grew backlog to record levels, underscoring the consistently strong demand for our mission-critical capabilities. Our priority now is to convert that demand into results. We will continue to invest in production capacity and differentiated capabilities across missiles and missile solutions, space, resilient communications and multi-domain sensing, which will enable us to deliver for the warfighter, our customers and our shareholders,”