L3Harris Technologies, Inc. (LHX) Earnings Call Transcripts

L3Harris Technologies, Inc.'s Latest Earnings Call - Q2 FY2026

In the second quarter of 2026, L3Harris Technologies reported revenue of $5.9 billion, an 8% increase year-over-year, and earnings per share (EPS) of $3.13, up 28%. The company raised its full-year revenue guidance to a range of $23.2 billion to $23.7 billion, reflecting strong performance across its segments and a robust order book. Management signaled continued growth momentum, particularly in missile solutions, with expectations of high teens growth in the coming years.

Reported metrics

Guidance from management

L3Harris raised its full-year 2026 revenue guidance to $23.2 billion to $23.7 billion, reflecting organic revenue growth of 8% to 10%. EPS guidance was also increased to a range of $11.80 to $12.00, indicating strong confidence in ongoing performance.

What management said

Thanks for the question, Rob. That would be a pretty good return. It's a 7-year number and probably a little bit of rounding, but we're thinking something in the 15%, 17%, 18% range is something to strive for, especially as we ramp up with volume and get the supply chain lined up with longer-term agreements. So can always do more, but that's a pretty good start, in my opinion.

Yes, sure, absolutely, Chris. And it is that -- we are seeing some kind of great benefits of the relationship. We did have some gains this quarter. I would characterize them as below-operating-income gains. So they tend to impact or positively benefit the EPS. So we did call out the benefits in our EPS walk. So you can pick them up there.

What analysts pressed on

Analysts expressed concerns regarding the timing of the missile solutions IPO, with management indicating a delay to mid-2027 due to unfavorable market conditions. There were questions about the ability to convert the significant backlog into revenue and the impact of the commercial space propulsion divestiture on overall margins.

Main topics on the call

• Revenue Growth and Guidance Increase — L3Harris reported revenue of $5.9 billion for Q2 2026, up 8% year-over-year. Management raised full-year revenue guidance to $23.2 billion to $23.7 billion, an increase of $200 million at both ends of the range, driven b...
• Strong Order Book and Backlog — The company reported orders of $7.3 billion, resulting in a book-to-bill ratio of 1.2x. Backlog increased by over $1 billion to $42 billion, positioning L3Harris for sustained growth in the coming quarters.
• Missile Solutions Segment Performance — The Missile Solutions segment achieved 14% revenue growth year-over-year, with management indicating a strong demand pipeline. They are negotiating over $20 billion in new contracts, which could triple their backlog and ...
• Operational Transformation and Capacity Expansion — Management highlighted a significant operational turnaround, with a 60% increase in deliveries and a 22% improvement in operational efficiency. New missile factories are set to come online, allowing for a doubling of cap...

Read the full L3Harris Technologies, Inc. transcript (Q2 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 63 L3Harris Technologies, Inc. earnings call transcripts on record, spanning February 4, 2020 to July 29, 2026. Based on this history, L3Harris Technologies, Inc. reports quarterly. The most recent call on file is dated July 29, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

LHX

Exchange

NYSE

Country

US

Sector

Industrials

Industry

Aerospace and Defense

Calls on record

63

First call

February 4, 2020

Most recent

July 29, 2026

Reporting cadence

quarterly