Quarterly ResultApr 30, 2026, 02:38 PM
LHX Q1 Revenue +11.9% to $5.74B; Net Income +32.6% to $512M; EPS $2.72
AI Summary
L3Harris Technologies reported strong first-quarter 2026 results with revenue increasing by 11.9% to $5.74 billion and net income rising 32.6% to $512 million, resulting in diluted EPS of $2.72. The company also completed a segment reorganization, streamlining from four to three segments, and recorded a pre-tax loss of $10 million related to the ongoing Space Technology disposal group divestment. Net cash used in operating activities increased to $95 million.
Key Highlights
- LHX Q1 2026 Revenue increased 11.9% to $5.74 billion from $5.13 billion in Q1 2025.
- Net income for Q1 2026 rose 32.6% to $512 million from $386 million in Q1 2025.
- Diluted EPS for Q1 2026 was $2.72, up 33.3% from $2.04 in Q1 2025.
- Company completed segment reorganization, now operating with three segments: SMS, CSD, and MSL.
- Contractual backlog stood at $40.7 billion as of April 3, 2026.
- Repurchased $296 million of common stock (0.8 million shares) in Q1 2026.
- Cash dividends per share increased to $1.25 in Q1 2026 from $1.20 in Q1 2025.
- Net cash used in operating activities was $95 million in Q1 2026, compared to $42 million in Q1 2025.
Price Impact
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