L3Harris Q1 revenue rises 12%, beats analyst estimates

L3Harris Technologies

30/04/2026 12:03

Overview

US defense contractor's Q1 revenue rose 12% yr/yr, beating analyst expectations

GAAP diluted EPS for Q1 rose 33% to $2.72

Outlook

L3Harris raises 2026 full-year EPS guidance to $11.40-$11.60 from $11.30-$11.50

Company sees 2026 revenue between $23 bln and $23.5 bln

L3Harris expects 2026 net cash from operations of about $3.6 bln and capex of about $600 mln

Result Drivers

PROGRAM RAMPS & INTERNATIONAL VOLUME - Co said revenue rose across all segments due to new program ramps and increased international volume

SEGMENT GROWTH - Space & Mission Systems revenue rose 24% mainly from classified and international missionized aircraft programs, and higher volume in Space, Mission Networks and Maritime programs

HIGHER MARGINS & ASSET MONETIZATION - Operating income rose due to higher volume, improved program performance, and monetization of legacy assets, partly offset by growth in lower-margin businesses and higher R&D investments

Company press release: ID:nBw5Rg5h1a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$5.70 bln
$5.42 bln (17 Analysts)
Q1 EPS
$2.72


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the aerospace & defense peer group is "buy"

Wall Street's median 12-month price target for L3Harris Technologies Inc is $391.50, about 21.8% above its April 29 closing price of $321.40

The stock recently traded at 26 times the next 12-month earnings vs. a P/E of 24 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)