L3Harris Technologies, Inc. (LHX) Earnings
L3Harris Technologies, Inc. is expected to report next earnings on July 23, 2026 (in NaN days), with a consensus EPS estimate of $2.79. LHX has beaten EPS estimates in 12 of its last 12 reported quarters (average surprise +7.0% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $2.53 | $2.72 | +7.5% | $5.7B | +6.0% |
| Jan 29, 2026 | $2.76 | $2.86 | +3.6% | $5.6B | -2.1% |
| Oct 30, 2025 | $2.58 | $2.70 | +4.7% | $5.7B | +2.4% |
| Jul 24, 2025 | $2.48 | $2.78 | +12.1% | $5.4B | +2.1% |
| Apr 24, 2025 | $2.31 | $2.41 | +4.3% | $5.1B | -1.4% |
| Jan 30, 2025 | $3.42 | $3.47 | +1.5% | $5.5B | +0.4% |
| Oct 24, 2024 | $3.25 | $3.34 | +2.8% | $5.3B | +0.2% |
| Jul 25, 2024 | $3.18 | $3.24 | +1.9% | $5.3B | -0.0% |
| Apr 25, 2024 | $2.91 | $3.06 | +5.2% | $5.2B | +2.0% |
| Jan 25, 2024 | $3.31 | $3.35 | +1.2% | $5.3B | +3.3% |
| Oct 26, 2023 | $3.06 | $3.19 | +4.2% | $4.9B | +3.3% |
| Jul 26, 2023 | $2.94 | $2.97 | +1.0% | $4.7B | +7.3% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 30, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Chairman and CEO Chris Gabasic thanked Ken Bedingfield and welcomed new CFO Ken Sharp. He discussed the global security environment driving urgency around readiness, resilience, and modernization. Mentioned backlog almost doubled to over $40 billion, revenue grew over $600 million or 15% organically, operating income increased by 125 million. Highlighted key orders in missionized aircraft, solid rocket motors, software-defined communication products. Talked about the new missile company AXIV. CFO Ken Sharp walked through performance, noting revenue growth, segment operating income increase, earnings per share growth, free cash flow outflow, and investment in innovation and capacity increased 44% in the quarter. Also discussed segment results for space and mission systems, communication and spectrum dominance, and missile solutions. Chris Gabasic highlighted agile approach to innovation and growth, including recognition for Missile Warning Missile Defense business, investment in counter UAS system, and support for Artemis II mission
Guidance
Reaffirming full year revenue guidance of 23 to 23.5 billion, representing 7% organic growth at the midpoint. Maintaining segment operating margin guidance of low 16%. Increasing both the bottom end and top end of our GAAP EPS range by $0.10 to $11.40 to $11.60. Reaffirming free cash flow guidance of $3 billion, with cash generation weighted to the back half of the year. Reaffirming segment level revenue and segment margin guidance. Consistent with past practices, not contemplating impact from planned missile solutions IPO, Department of War investment, or planned sale of a majority stake in space propulsion business
Segment performance
Space and mission systems delivered revenue of $3 billion, up 24% year over year. Communication and spectrum dominance delivered revenue of $1.9 billion, up 3 percent. Missile solutions revenue was $1 billion, up 18%, and segment margin was 12.5%, up 110 basis points. Space and mission systems segment margin increased 60 basis points due to improved program performance partially offset by increased material purchases and increased investment in research and development. Communication and spectrum dominance segment operating margin increased 60 basis points due to higher sales of resilient communication products, night vision devices, and a favorable legal settlement, partially offset by higher investments in customer demonstrations, prototypes, and research and development. Missile segment margin increased due to mix in volume and a gain on the sale of legacy assets partially offset by net unfavorable EAC adjustments