L3Harris Lifts FY26 EPS Outlook to $12.25-$12.35 on Strong Q3
LHX is trading near its 52-week low of $232.343 (11% above the low).
Summary
L3Harris raised full-year 2026 EPS guidance to $12.25-$12.35 from $11.80-$12.00 and lifted the revenue range to $23.5-$23.7 billion, the first formal guidance increase since the August CEO removal. Q3 net income rose to $613 million, or $3.28 a share, from $462 million, or $2.46, a year earlier, on revenue up 7.1% to $6.060 billion. The quarter follows a heavy contract run — a $4.7 billion Lockheed PAC-3 propulsion award in September, an $876 million Navy jammer modification, and a $6 billion-plus THAAD propulsion deal — that has pushed backlog to a record. Shares slipped nearly 1% premarket after Wednesday's $260.61 close, suggesting the beat and raise were largely priced in.
At the time of this announcement, LHX was trading at $259.01 on NYSE in the Manufacturing sector, with a market capitalization of approximately $48.5B. The 52-week trading range was $232.34 to $379.23. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: dpa-AFX.