L3Harris Q2 revenue beats estimates, raises annual forecasts

L3Harris Technologies

29/07/2026 21:15

Overview
U.S. defense contractor's Q2 revenue rose 8%, beating analyst expectations
Diluted EPS for Q2 rose 28% to $3.13
Company raised 2026 guidance for consolidated revenue and EPS

Outlook
L3Harris raises 2026 revenue guidance to $23.2 bln-$23.7 bln from $23 bln-$23.5 bln
Company increases 2026 EPS guidance to $11.80-$12.00 from $11.40-$11.60
L3Harris expects 2026 operating cash flow of $3.6 bln and free cash flow of $3.0 bln

Result Drivers
NEW PROGRAM STARTS AND EXECUTION - Co said Q2 revenue growth was driven by new program starts and strong execution against record backlog
INTERNATIONAL DELIVERIES - Communications & Spectrum Dominance segment revenue rose on increased international deliveries for software-defined resilient communications equipment and program ramps
MISSILE PROGRAM VOLUMES - Missile Solutions segment revenue grew due to increased production and development volumes on key missile and munitions programs

Company press release: ID:nBwb696JKa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$5.90 bln
$5.81 bln (15 Analysts)
Q2 EPS
 
$3.13
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 15 "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 $390.00, about 27.8% above its July 28 closing price of $305.20
The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 29 three months ago

Reuters Recommended Reads
July 29 - General Dynamics Q2 revenue beats estimates on growth across segments
July 28 - Textron Q2 revenue meets estimates on military programs growth
July 29 - Rheinmetall Q2 profit beats forecasts as revenue jumps nearly 70%

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(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.)