L3Harris Technologies (NYSE:LHX) Updates FY 2026 Earnings Guidance

L3Harris Technologies (NYSE:LHX) issued an update on its FY 2026 earnings guidance on Wednesday morning. The company provided EPS guidance of 11.800-12.000 for the period, compared to the consensus estimate of 11.670. The company issued revenue guidance of $23.2 billion-$23.7 billion, compared to the consensus revenue estimate of $23.5 billion.

L3Harris Technologies Price Performance

Shares of NYSE:LHX traded down $30.23 during midday trading on Thursday, hitting $267.30. The company’s stock had a trading volume of 2,786,485 shares, compared to its average volume of 1,455,317. The company has a market cap of $49.79 billion, a P/E ratio of 28.96, a price-to-earnings-growth ratio of 1.55 and a beta of 0.51. L3Harris Technologies has a 12-month low of $262.68 and a 12-month high of $379.23. The business’s 50 day simple moving average is $298.92 and its 200 day simple moving average is $328.39. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.89 and a current ratio of 1.03.

L3Harris Technologies (NYSE:LHX) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.80 by $0.33. The company had revenue of $5.88 billion during the quarter, compared to analysts’ expectations of $5.81 billion. L3Harris Technologies had a net margin of 7.71% and a return on equity of 10.65%. L3Harris Technologies’s revenue was up 8.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.78 EPS. L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. On average, analysts forecast that L3Harris Technologies will post 11.54 EPS for the current year.

L3Harris Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 18th. Investors of record on Friday, September 4th will be issued a $1.25 dividend. This represents a $5.00 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend is Friday, September 4th. L3Harris Technologies’s dividend payout ratio (DPR) is currently 54.29%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Weiss Ratings downgraded L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, June 23rd. UBS Group cut their target price on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Sanford C. Bernstein reduced their price target on L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. Truist Financial raised shares of L3Harris Technologies to a “strong-buy” rating in a research report on Friday, May 1st. Finally, Wall Street Zen upgraded shares of L3Harris Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, April 11th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, L3Harris Technologies currently has an average rating of “Moderate Buy” and an average target price of $368.00.

Insider Buying and Selling

In other L3Harris Technologies news, VP Melanie Rakita sold 2,180 shares of the company’s stock in a transaction on Tuesday, May 5th. The stock was sold at an average price of $310.45, for a total transaction of $676,781.00. Following the transaction, the vice president directly owned 4,192 shares in the company, valued at $1,301,406.40. This represents a 34.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.68% of the stock is owned by company insiders.

Key Headlines Impacting L3Harris Technologies

Here are the key news stories impacting L3Harris Technologies this week:

• Positive Sentiment: Second-quarter adjusted earnings were $3.13 per share, above the $2.80 consensus estimate and up from $2.78 a year ago. Revenue reached approximately $5.9 billion, exceeding estimates of $5.81 billion and rising 8.4% year over year. L3Harris Q2 Earnings and Revenues Beat Estimates, 2026 Outlook Raised
• Positive Sentiment: Demand remains robust, particularly for weapons systems. L3Harris reported $7.3 billion in orders, a 1.2x book-to-bill ratio and a record $42 billion backlog, supporting future revenue visibility. L3Harris Technologies Reports Robust Second Quarter 2026 Results
• Positive Sentiment: Profitability and cash generation improved: operating margin increased to 11.1%, segment margin reached 16.0%, operating cash flow rose to $879 million and free cash flow increased 37% to $771 million.
• Positive Sentiment: Management raised 2026 adjusted EPS guidance to $11.80-$12.00, 40 cents above its prior forecast, and provided revenue guidance of $23.2-$23.7 billion. The EPS range is above the roughly $11.67 analyst consensus. L3Harris Raises Guidance on Higher Profit, Revenue
• Neutral Sentiment: The revenue guidance midpoint of $23.45 billion is slightly below the $23.5 billion consensus estimate, although the range indicates continued growth and the EPS outlook was upgraded.
• Negative Sentiment: Despite the earnings beat and higher guidance, reports indicate that LHX shares slipped. The reaction suggests investors may have expected an even stronger outlook or are taking profits after the results; the stock also remains below its major moving averages and near its 52-week low. L3Harris shares slip despite Q2 earnings beat

Hedge Funds Weigh In On L3Harris Technologies

Several hedge funds have recently bought and sold shares of LHX. T. Rowe Price Investment Management Inc. lifted its position in shares of L3Harris Technologies by 29.9% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 10,056 shares of the company’s stock worth $2,953,000 after purchasing an additional 2,316 shares in the last quarter. Compound Planning Inc. grew its holdings in shares of L3Harris Technologies by 67.2% in the fourth quarter. Compound Planning Inc. now owns 7,329 shares of the company’s stock valued at $2,151,000 after purchasing an additional 2,946 shares in the last quarter. Invesco Ltd. increased its stake in L3Harris Technologies by 0.6% during the 4th quarter. Invesco Ltd. now owns 2,194,122 shares of the company’s stock worth $644,128,000 after buying an additional 13,575 shares during the period. Corient Private Wealth LLC increased its stake in L3Harris Technologies by 101.0% during the 4th quarter. Corient Private Wealth LLC now owns 190,040 shares of the company’s stock worth $55,790,000 after buying an additional 95,487 shares during the period. Finally, First Commonwealth Financial Corp PA lifted its holdings in L3Harris Technologies by 7.7% during the 4th quarter. First Commonwealth Financial Corp PA now owns 3,817 shares of the company’s stock worth $1,120,000 after buying an additional 272 shares in the last quarter. Institutional investors and hedge funds own 84.76% of the company’s stock.

L3Harris Technologies Company Profile

L3Harris Technologies (NYSE: LHX) is an American aerospace and defense company formed in 2019 through the combination of L3 Technologies and Harris Corporation. Headquartered in Melbourne, Florida, the company designs, manufactures and supports a broad range of technology solutions for government and commercial customers, with a particular emphasis on defense, intelligence and public safety applications.

The company’s offerings span communications systems, avionics, electronic warfare, intelligence, surveillance and reconnaissance (ISR) sensors, space systems and mission integration.