L3Harris Boosts 2026 Profit Outlook, Exceeds Q1 Revenue on Defense Demand
LHX sits 49% above its 52-week low of $214.1.
Summary
L3Harris Technologies has raised its 2026 annual per-share profit forecast to $11.40-$11.60, an increase from its prior guidance, following a strong first quarter. The company significantly beat revenue estimates, reporting $5.74 billion against expectations of $5.42 billion, and saw its Q1 profit jump by a third to $2.72 per share. This robust performance is driven by strong demand from the Pentagon for weapons and military intelligence systems, with key segments like missile solutions and space and mission systems posting substantial revenue growth. While the confidential IPO filing for its missile solutions unit was previously reported today, the updated profit outlook and Q1 earnings beat provide new, material financial data, signaling positive operational momentum and potentially driving investor interest.
At the time of this announcement, LHX was trading at $318.01 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $60B. The 52-week trading range was $214.10 to $379.23. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.