L3Harris Q2 Revenue Jumps 8%, EPS Up 28%; Raises 2026 Guidance
LHX is trading near its 52-week low of $267.25 (14% above the low).
Summary
L3Harris delivered a strong Q2 2026, with revenue rising 8% to $5.9 billion and diluted EPS surging 28% to $3.13. Operating margin expanded 60 basis points to 11.1%, while operating cash flow and free cash flow both jumped 37%. Orders of $7.3 billion pushed backlog to a record $42 billion, reflecting robust demand across all segments. Management raised full-year 2026 guidance, now expecting revenue of $23.2-$23.7 billion and EPS of $11.80-$12.00, up from prior ranges. This follows a series of major contract wins and capacity expansions, including a $955 million satellite award and a framework agreement to nearly triple propulsion production. The results underscore accelerating momentum in defense electronics and missile solutions, with the raised outlook signaling confidence in sustained growth.
At the time of this announcement, LHX was trading at $303.65 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $55.4B. The 52-week trading range was $267.25 to $379.23. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: BusinessWire.