L3Harris lifts revenue 7% and raises its 2026 outlook

what happened

According to TradingView, citing documents filed with the SEC, L3Harris Technologies reported third-quarter 2026 revenue of $6.06 billion, up 7% from a year earlier. Organic growth reached 9%. Diluted EPS came in at $3.28, compared with $2.46 a year ago, while operating income rose to $786 million and net income to $632 million.

The company raised its 2026 revenue guidance to a range of $23.5 billion to $23.7 billion and its GAAP EPS guidance to $12.25 to $12.35. Backlog hit a record $53.2 billion, and the quarterly book-to-bill ratio was 3.2x. Operating cash flow totaled $1.44 billion and free cash flow $1.26 billion.

why it matters

A record backlog and higher guidance give investors more visibility into future earnings, especially given strong demand for missile and space programs. For the defense contractor sector, the results suggest that government orders keep flowing and support revenue growth.

market impact

LHX shares: raised guidance and record backlog support the company's earnings outlook

• ▲LHX pressure up — raised guidance and record backlog support earnings expectations

tags

instruments