L3Harris Q2 2026: Revenue Climbs 8% to $5.9B, EPS Jumps 28% on Strong Defense Demand
LHX is trading near its 52-week low of $267.25 (6.3% above the low).
Summary
L3Harris posted Q2 2026 revenue of $5.9B (+8% YoY) and diluted EPS of $3.13 (+28% YoY), exceeding expectations. A $1B DoW investment in its missile segment and a $42B backlog signal sustained growth momentum.
Key Events · Earnings and Guidance · LHX
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Q2 Revenue Hits $5.9B
Revenue increased 8% year-over-year to $5.9 billion, with growth across all three segments: Space & Mission Systems (+7%), Communications & Spectrum Dominance (+4%), and Missile Solutions (+14%).
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EPS Surges 28% to $3.13
Diluted earnings per share rose to $3.13 from $2.44 a year ago, driven by higher volumes, favorable program adjustments, and a lower effective tax rate.
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$1B DoW Investment in Missile Segment
The Department of War invested $1 billion in Aerojet Rocketdyne via convertible preferred stock and warrants, funding expansion of solid rocket motor production capacity.
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Backlog Reaches $42B
Contractual backlog stood at $42.0 billion as of July 3, 2026, with approximately 40% expected to convert to revenue over the next twelve months.
Analysis · LHX · Manufacturing
A powerful second quarter underscored L3Harris's leverage to the global defense upcycle. Revenue climbed 8% to $5.9 billion, while diluted EPS surged 28% to $3.13, fueled by broad-based strength across all three segments. The results also spotlight a $1 billion strategic investment from the Department of War into the Aerojet Rocketdyne subsidiary, aimed at expanding missile production capacity, alongside an update on a pending space technology divestiture. With a $42 billion backlog and expanding margins, the quarter reinforces the company's position as a prime beneficiary of elevated security spending.
How filings like this one have moved
In the 30 days to Nov 4, 2026, 41.5% of the 1196 measured filings Wiseek scored 8 moved their stock by 5% or more by the next session's close. The median move was -0.36%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, LHX was trading at $284.00 on NYSE in the Manufacturing sector, with a market capitalization of approximately $55.4B. The 52-week trading range was $267.25 to $379.23. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.