Quarterly ResultApr 30, 2026, 07:02 AM
LHX Q1 Revenue $5.7B (+12%); EPS $2.72 (+33%); Raises 2026 EPS Guidance
AI Summary
L3Harris Technologies reported strong first quarter 2026 results, with revenue increasing 12% to $5.7 billion and GAAP diluted EPS rising 33% to $2.72. The company achieved robust orders of $7.8 billion, pushing its backlog to a new record of $40.7 billion. Operating margins also saw improvement, and L3Harris updated its 2026 EPS guidance upwards, reflecting confidence in its "Trusted Disruptor" strategy and execution.
Key Highlights
- LHX Q1 2026 revenue increased 12% to $5.7 billion, or 15% organically.
- GAAP diluted EPS rose 33% to $2.72.
- Orders reached $7.8 billion, with a book-to-bill ratio of 1.4x, increasing backlog to a record $40.7 billion.
- Operating margin was 11.4%, up 120 bps, and segment operating margin was 15.7%, up 10 bps.
- Space & Mission Systems revenue grew 24% to $2.99 billion.
- Communication & Spectrum Dominance revenue increased 3% to $1.86 billion.
- Missile Solutions revenue rose 18% to $990 million.
- The company updated its 2026 EPS guidance to $11.40 - $11.60 from the prior $11.30 - $11.50.