LHX
FY2026 Q1 · Calendar Q2 2026
L3Harris Technologies, Inc.
L3Harris delivered a strong fiscal Q1 2026, with revenue of $5.74 billion (15% organic growth) and EPS of $2.72, beating consensus estimates by 7.5% on EPS and 6.0% on revenue. Record backlog exceeding $40 billion provides roughly two-times revenue coverage, supplemented by a $25 billion Munitions Acceleration Council order pipeline. The company is executing a strategic separation of its Missile Solutions business via an IPO under the name Axyv, supported by a $1 billion Department of War investment to expand solid rocket motor capacity. Margins expanded for the tenth consecutive quarter and operating income rose $125 million. Despite these operational strengths, the market reaction was muted-to-negative: the stock showed an abnormal move of -1.26% on the report day against a benchmark gain of +0.99%, with a subsequent drift of -1.68%. The current price of $296.42 exceeds the analyst…
EPS surprise+7.5%
Market move-0.3%
