L3Harris Technologies (L3Harris) is an American technology company, defense contractor and information technology services provider that produces C6ISR systems and products, wireless equipment, tactical radios, avionics and electronic systems, night vision equipment, and both terrestrial and spaceborne antennas for use in the government, defense, and commercial sectors.
| Revenue (TTM) | $23.33B |
| Gross Profit (TTM) | $5.96B |
| EBITDA | $4.24B |
| Operating Margin | 14.30% |
| Return on Equity | 10.00% |
| Return on Assets | 4.56% |
| Revenue/Share (TTM) | $125.11 |
| Book Value | $108.73 |
| Price-to-Book | 2.37 |
| Price-to-Sales (TTM) | 2.07 |
| EV/Revenue | 2.444 |
| EV/EBITDA | 13.92 |
| Quarterly Earnings Growth (YoY) | 33.30% |
| Quarterly Revenue Growth (YoY) | 7.10% |
| Shares Outstanding | $186.20M |
| Float | $185.22M |
| % Insiders | 0.45% |
| % Institutions | 88.62% |
Volatility is currently expanding
While the broader market rallied, defense contractors got hammered after the midterms flipped Congress. A massive spending request now hangs in limbo, and one number on Lockheed's chart may reveal whether Wall Street sees a ceiling or a floor.
L3Harris Technologies (LHX) is reaffirmed as a BUY due to record $53.2 billion backlog and robust operational execution. LHX's revenue rose 9.05% and operating income surged 21.84% in the first nine months of 2026, driven by classified contracts and international deliveries. The Department of War's $1 billion investment in Missile Solutions and multi-year contracts underpin long-term growth and cash flow visibility.
Missile program contracts added $11 billion to the backlog in the quarter. Automation reduced solid rocket motor inspection time to 6.5 hours.
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has received multiple production orders in support of the U.S. Army, with a combined value of $121 million, for a Low-Cost Data Radio (LOCODA) solution to assist Army Command and Control requirements. “Our LOCODA solution leverages existing installation kits to rapidly field an enhanced version of vehicle communications, which allow battlefield commanders to access Army Command and Control applications with multiple transport o.
L3Harris raises its 2026 guidance as defense orders drive backlog to a record $53.2B, but lower 2028 cash flow and margin targets raise execution questions.
L3Harris Technologies, Inc. ( LHX ) Q3 2026 Earnings Call October 29, 2026 10:30 AM EDT Company Participants John Sweeney Samir Mehta - CEO, President & Director Kenneth Sharp - Senior VP & CFO Conference Call Participants Kristine Liwag - Morgan Stanley, Research Division Farrell Granath - BofA Securities, Research Division Sheila Kahyaoglu - Jefferies LLC, Research Division Robert Stallard - Vertical Research Partners, LLC John Godyn - Citigroup Inc., Research Division Peter Arment - Robert W. Baird & Co. Incorporated, Research Division Douglas Harned - Bernstein Institutional Services LLC, Research Division Richard Safran - Seaport Research Partners Noah Poponak - Goldman Sachs Group, Inc., Research Division Kenneth Herbert - RBC Capital Markets, Research Division Michael Ciarmoli - Guggenheim Securities, LLC Emilee Deutchman - Wolfe Research, LLC Scott Mikus - Melius Research LLC Gautam Khanna - TD Cowen, Research Division Presentation Operator Greetings.
LHX beats Q3 2026 earnings and revenue estimates, driven by broad-based growth, and raises its full-year revenue outlook amid stronger cash flow.
While the top- and bottom-line numbers for L3Harris (LHX) give a sense of how the business performed in the quarter ended September 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
L3Harris (LHX) came out with quarterly earnings of $3.28 per share, beating the Zacks Consensus Estimate of $2.99 per share. This compares to earnings of $2.7 per share a year ago.
The defense contractor now projects earnings per share between $12.25 to $12.35 for the full year, up from $11.80 to $12 previously.
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