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Earnings analysis · 10-Q

LHX earnings analysis

Filed April 30, 2026 · Our reading of the company's report

The latest report

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…

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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.

Read the original on SEC.gov

From revenue to operating profit

Where each $100 of revenue went in this report.

Of every $100 of revenue Cost of sales $74 Operating expenses $16 Left as operating profit $10

Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.

Reported figures

Earnings per share
$2.72

What stood out

  • 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.

What to watch

  • 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.

Management's outlook

Updated EPS guidance range is raised from $11.30 - $11.50 to $11.40 - $11.60.

This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.