LHX earnings analysis
What we found in LHX's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
L3Harris Technologies reported a strong Q1 2026, with revenue of $5.744 billion, outperforming analyst estimates of $5.416 billion, and an EPS of $2.72, surpassing expectations of $2.56. The company has raised its EPS guidance for 2026 to a range of $11.40 to $11.60, driven by improved margins and strong order growth.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Beats Estimates
- L3Harris reported revenue of $5.744 billion, exceeding estimates of $5.416 billion.
- EPS Exceeds Expectations
- Diluted EPS reached $2.72, higher than the anticipated $2.56.
- Raised EPS Guidance
- EPS guidance for 2026 has been increased to $11.40 - $11.60 from $11.30 - $11.50.
- Strong Order Growth
- The company noted robust order growth contributing to the positive outlook.
- Improved Margins
- Operating margin improved to 10.3%, reflecting better overall performance.
- Significant Share Repurchases
- The company repurchased 948,873 shares at an average price of $346.88 during Q1 2026.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Cash Flow Concerns Persist
- Operating cash flow reported as negative $101 million for Q1 2025.
- High Capital Expenditure
- Capital expenditures remain elevated, which could affect liquidity.
- Geopolitical and Economic Risks
- Continued geopolitical tensions could impact defense spending and operations.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $2.72
- Gross margin
- 26.3%
- Operating margin
- 10.3%
What they said about what is next.
Updated EPS guidance range is raised from $11.30 - $11.50 to $11.40 - $11.60.
The filing reads better than the one before it.
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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