LHX

L3HarrisNYSE · Aerospace & Defense · Industrials

Previous close

277.61

Change

−0.82 / −0.29%

FinDog View

Bullish

52-Week Range ?

232.34 – 379.23

P/E (TTM) ?

27.7

Forward P/E ?

18.9

Based on consensus earnings for the next 12 months

Market Cap

$51.7B

+17.24%

S&P 500 −0.91% over same period

Volume / Avg Volume

2.6M / 1.8M

1.43× average

Latest earnings analysisFY2026 Q2Reported 2026-07-29

L3Harris Q2 2026: revenue up 8%, EPS up 28%, outlook raised

L3Harris delivered a clean beat: $5.88 billion of revenue, $3.13 of diluted EPS against a $2.8318 consensus, and higher full-year guidance for both revenue and EPS. Read it as broad-based growth plus better execution rather than a one-off, because all three segments grew and free cash flow swung sharply positive after a weaker first quarter.

Read the full analysis →

Revenue$5.88BYoY +8.40%

EPS$3.13Beatest. $2.83

Next-quarter revenue guidance$23.45BYoY +298.70%

Next-day move−8.61%

Price History

Closing price · USD1M 6M 1Y 5Y

Historical P/E

Close ÷ trailing four-quarter EPS · Period median 31.91M 6M 1Y 5Y

Recent Earnings

Click to read the FinDog analysis

Period	Reported	Revenue	EPS Actual / Est.	Next-Day Move	Analysis
FY2026 Q2 Quarter ended 2026-07	2026-07-29	$5.9B	3.13 / 2.83	−8.61%	Read analysis →
FY2026 Q1 Quarter ended 2026-04	2026-04-30	$5.7B	2.72 / 2.57	−2.24%	Pending
FY2025 Q4 Quarter ended 2026-01	2026-01-29	$21.9B	2.86 / 2.79	−3.70%	Pending
FY2025 Q3 Quarter ended 2025-10	2025-10-30	$5.7B	2.70 / 2.60	−2.30%	Pending
FY2025 Q2 Quarter ended 2025-06	2025-07-24	$5.4B	2.78 / —	−1.44%	Pending
FY2025 Q1 Quarter ended 2025-03	2025-04-24	$5.1B	2.41 / —	−0.09%	Pending

Next Earnings

Date and consensus from the earnings calendar; the analysis is generated automatically after the releaseEarnings Calendar →

Report date

2027-01-27

in 87 days · After hours

Consensus EPS

$3.14

Last quarter EPS $3.13

Avg. next-day move over the last 6 reports

±3.1%

Decision Panel

Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market data

Valuation

P/E is at percentile 14 of its 5-year rangeCheap

5-year range 24.1 – 41.5 · Median 33.7

Last 4 quarters: $754M in buybacks + $929M in dividends, 3.25% of market cap combined

P/E (TTM)

27.7

P/B

2.5

P/S

2.3

Dividend Yield

2.39%

Earnings Reaction

Over the last 6 reports, the stock moved ±3.1% on average on the first trading day after, rising 0 times

Most recent −8.61%

Volatility & Correlation

1-year beta 0.17 · Correlation with S&P 500 0.08Low beta

Annualized volatility 29% vs. 13% for the S&P 500

Insider Trading

View all →

Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions

No open-market buys or sells by officers or directors in the last 90 days.

Multi-Quarter Financial Trends

View all quarters →

Last 12 quarters · As reported by the company

Quarter	Revenue ($B)	YoY	Gross Margin	Operating Income ($B)	Net Income ($B)	Free Cash Flow ($B)	EPS
FY2026 Q3	6.06	+7.1%	26.6%	0.79	0.63	1.26	3.28
FY2026 Q2	5.88	+8.4%	25.5%	0.65	0.60	0.77	3.13
FY2026 Q1	5.74	+11.9%	24.4%	0.65	0.51	-0.19	2.72
FY2025 Q4	21.87	+2.5%	25.7%	2.11	—	1.80	—
FY2025 Q3	5.66	+6.9%	26.4%	0.62	0.46	0.43	2.46
FY2025 Q2	5.43	+2.4%	24.6%	0.57	0.46	0.55	2.44
FY2025 Q1	5.13	−1.5%	26.3%	0.53	0.39	-0.10	2.04
FY2024 Q4	21.33	+299.3%	25.9%	1.92	—	1.01	—
FY2024 Q3	5.29	+7.7%	26.8%	0.50	0.40	0.70	2.10
FY2024 Q2	5.30	+12.9%	25.7%	0.48	0.37	0.66	1.92
FY2024 Q1	5.21	+16.6%	25.9%	0.38	0.28	-0.22	1.48
FY2023 Q4	5.34	+16.6%	27.2%	0.15	0.16	0.65	0.83

Peers

Largest by market cap in the sector · Latest quarterView Industrials sector →

Ticker	Company	Market Cap	P/E	Revenue YoY	Gross Margin	1M	View
LHX	L3Harris	$51.7B	27.7	+7.1%	26.6%	+17.24%	Bullish
SPCX	SpaceX	$1.85T	—	+161.4%	62.4%	−10.70%	Bullish	Compare
CAT	Caterpillar Inc.	$288B	26.8	+24.0%	37.8%	−23.19%	Bullish	Compare
GE	GE Aerospace	$313B	35.1	+15.9%	—	−3.36%	Bullish	Compare
RTX	RTX Corporation	$271B	32.0	+11.1%	—	+7.62%	Bullish	Compare
GEV	GE Vernova	$227B	22.8	+26.8%	24.6%	−9.74%	Bullish	Compare
UNP	Union Pacific Corporation	$181B	23.6	+15.3%	—	+11.71%	Bullish	Compare
DE	Deere & Company	$182B	36.7	+4.9%	—	+0.59%	Bullish	Compare
ETN	Eaton Corporation	$144B	38.6	+21.4%	33.5%	−13.90%	Bullish	Compare

Earnings Preview · Reports 10-29 After hours

L3Harris Q3 preview: EPS seen at $2.98, orders and cash flow in focus

EPS consensus is $2.98, below last quarter's $3.13; watch whether margins hold
Revenue grew 8.4% year over year last quarter; watch whether that pace continues
Free cash flow rose 37% last quarter; watch whether receivables pressure eases

The consensus EPS for this report is $2.98; in July the company guided full-year revenue to $23.45 billion.

Over the past 6 reports, the stock moved ±3.1% on average after earnings, with no gains; the latest move was -8.6%.

Watch out for：Receivables rose $675 million last quarter, tying up cash; further growth could weigh on cash flow.

The View in One Line

Revenue rose 8.4%, EPS up 28% and 10.5% above estimates, free cash flow up 37%, guidance raised, record $42B backlog; watch receivables and one-time gains.

Updated 2026-10-30

View History

09-17Neutral → Bullish
Revenue up 8.4% YoY, EPS up 28% and beat by 10.5%, free cash flow up 37%, full-year guidance raised, record $42B backlog; watch receivables build and lapping one-time gains.

ETFs holding it

XLI Industrial Select Sector SPDR Fund0.97%
MTUM iShares MSCI USA Momentum Factor ETF0.22%
VIG Vanguard Dividend Appreciation ETF0.22%
VYM Vanguard High Dividend Yield ETF0.21%
VTV Vanguard Value ETF0.18%
RSP Invesco S&P 500 Equal Weight ETF0.17%
SPY SPDR S&P 500 ETF Trust0.08%
VOO Vanguard S&P 500 ETF0.08%

Weights estimated at latest prices

Key Events

10-22Management Change
L3Harris Adds Kimberly Fields as Independent Director
On October 21, 2026, L3Harris expanded its board from 11 to 12 and appointed ATI President and CEO Kimberly Fields as an independent director, serving until the 2027 annual meeting.Source ↗
08-17Management Change
L3Harris Appoints Sam Mehta as CEO, Kubasik Departs
On August 17, 2026, L3Harris appointed Sam Mehta as President and CEO and to its board, succeeding Christopher Kubasik, who departed effective the same day.Source ↗
07-24Management Change
L3Harris Grants Special Equity Incentives to Three Executives
On July 23, L3Harris approved special equity incentives totaling $25 million to CFO Sharp and Presidents Bedingfield and Mehta, to be granted on August 3.Source ↗
05-12Governance
L3Harris Annual Meeting Completes Director Elections and Executive Compensation Vote
On May 11, 2026, L3Harris shareholders elected 11 directors, approved executive compensation, reappointed EY as auditor, and rejected shareholder proposals.Source ↗
04-23Capital Actions
L3Harris Subsidiary Issues $1 Billion in Preferred Stock to U.S. Department of Defense
L3Harris's Aerojet Rocketdyne signed an agreement with the U.S. Department of Defense on April 16, 2026, to issue $1 billion in Series A convertible preferred stock and warrants.Source ↗

Key Financial Trends

Quarterly Revenue ($B)6.1

Gross Margin26.6%

Free Cash Flow ($B)1.3