L3Harris Posts $3.28 Q3 EPS as Defense Orders Pile Up
LHX is trading near its 52-week low of $232.343 (13% above the low).
Summary
L3Harris reported third-quarter EPS of $3.28, a step up from the $3.13 diluted EPS it posted for Q2 2026, alongside third-quarter net income of $632 million and revenue of $6.06 billion. The quarter showed growth and a record backlog, and the company raised its FY26 GAAP EPS guidance to $12.25-$12.35 from $11.80-$12.00 and lifted the low end of revenue guidance to $23.5B-$23.7B. The print lands after a heavy stretch of contract wins — a $4.7 billion Lockheed Martin PAC-3 propulsion award in September, an $876.4 million Navy jammer modification, and a $6 billion-plus seven-year THAAD propulsion deal — that have built out the backlog. It also follows the August removal of CEO Christopher Kubasik after a board investigation found he violated company policy, a leadership shakeup that makes execution on these programs the key question.
Updated with an SEC 8-K filing · What changed
Updates
· SEC 8-K — L3Harris raised FY26 GAAP EPS guidance to $12.25-$12.35 from $11.80-$12.00 and lifted the low end of revenue guidance to $23.5B-$23.7B.
At the time of this announcement, LHX was trading at $263.59 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: Dow Jones Newswires.