| Metric | Value ($ M) | Q1 FY26 |
|---|---|---|
| Revenue | 5.7K | 11.9% |
| Total Income | 5.7K | 11.9% |
| Expenditure | 5.1K | 10.5% |
| PBT | 589.00 | 28.3% |
| Net Profit | 512.00 | 32.6% |
| OPM | 11.35% | 1.12pp |
| NPM | 8.91% | 1.39pp |
| EPS | 2.74 | 33.7% |
L3Harris Reports Strong Q1 2026 Results: Revenue Up 12%, EPS $2.72
03 May 2026 · 3 May, 6:09 pm
Summary
L3Harris Technologies reported a strong first quarter in 2026, with revenue reaching $5.7 billion, up 12% year-over-year. The company's GAAP diluted EPS increased by 33% to $2.72. Orders were robust at $7.8 billion, driving the backlog to a record $40.7 billion. Management is optimistic about the company's position for future growth and value creation, remaining on track to deliver on its 2026 commitments and advance toward the 2028 Financial Framework.
Key Highlights
- 1
L3Harris Technologies reported orders of $7.8 billion, resulting in a book-to-bill ratio of 1.4x and increasing backlog to a new record of $40.7 billion.
- 2
First quarter revenue reached $5.7 billion, reflecting a 12% increase, or 15% organically.
- 3
The company's operating margin improved by 120 bps to 11.4%, while the segment operating margin rose by 10 bps to 15.7%.
- 4
GAAP diluted EPS increased by 33% to $2.72 in the first quarter.
- 5
L3Harris updated its 2026 EPS guidance to $11.40 - $11.60.
- 6
Space & Mission Systems revenue increased by 24% to $2,990 million.
- 7
Missile Solutions revenue increased 18% to $990 million.
Management Comments
Christopher Kubasik
We continue to execute against our Trusted Disruptor strategy with both urgency and discipline, leveraging speed and scale to meet the evolving needs of our customers. Our results reflect the strength of our portfolio and its alignment with the nation’s most critical defense missions. We operate in a dynamic global environment, where demand is accelerating and the future of warfare is driving near-term operational priorities. Across the portfolio, we quickly adapt to mission needs and scale our operations to meet increasing demand, accelerating growth across our enterprise. We delivered a strong start to the year with robust orders and revenue growth coupled with progress across our strategic priorities. We are well positioned for the next phase of growth and value creation, remain on track to deliver on our 2026 commitments and continue to advance toward the 2028 Financial Framework we outlined earlier this year.
Informational and educational content only. Not investment advice.