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.
1 · Expected vs. Actual
Free preview belowDiluted EPS of $3.13 beat the $2.8318 consensus by roughly $0.30, or about 10.5%, and net income rose to $600 million from $458 million. The catch is the tax line: the effective tax rate was 15.5% versus 12.6% a year ago, so the beat came despite a higher tax drag, not because of a lower one. Note that the prior-year quarter included gains on asset sales that did not repeat, which makes the comparison stronger than it looks.
Revenue of $5.88 billion rose 8.4% from $5.43 billion a year earlier, and the growth was spread out: Missile Solutions $1.05 billion (up 13.9%), Space & Mission Systems $2.97 billion (up 7.1%) and Communications & Spectrum Dominance $1.94 billion (up 4.4%). The company attributes the gain to new program starts and execution against its record backlog. That is the healthiest kind of quarter because no single segment is carrying the number.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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