L3Harris Technologies (NYSE:LHX) Posts Quarterly Earnings Results, Beats Expectations By $0.10 EPS

L3Harris Technologies (NYSE:LHX) released its quarterly earnings results on Thursday. The company reported $2.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.10, Briefing.com reports. L3Harris Technologies had a net margin of 8.09% and a return on equity of 11.08%. The business had revenue of $5.65 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same period in the previous year, the firm earned $3.47 EPS. The business’s revenue was up 2.3% on a year-over-year basis.

Here are the key takeaways from L3Harris Technologies’ conference call:

• Company finished 2025 with a record backlog (>$38 billion) and 1.3 book-to-bill and issued 2026 guidance calling for ~$23.0–$23.5B revenue, ~7% organic growth and ~$3.0B free cash flow, supporting a GAAP EPS range of $11.30–$11.50.
• L3Harris plans an IPO of its Missile Solutions unit in H2 2026 with a planned $1 billion Department of Defense preferred investment (converts at a 20% discount) to accelerate buildout of solid rocket motor capacity and production scale, positioning MSL for double?digit growth (MSL modeled at ~$4.4B revenue, mid?12% margins).
• Operationally the company exceeded its LHX NeXt $1B cost?savings target one year early, delivered strong margins and cash generation in 2025 (adjusted FCF grew >20% to $2.8B and non?GAAP EPS rose 11%), which management says underpins the 2026 outlook.
• Near?term headwinds remain: Q4 IMS margins fell ~270 bps due to the CAS divestiture and maritime program issues, the government shutdown delayed awards/funding, and planned higher CapEx (~$600M in 2026) to build missile/satellite capacity could pressure cash and execution if supply?chain or program risks persist.

L3Harris Technologies Stock Down 1.9%

Shares of NYSE:LHX traded down $6.89 during trading on Thursday, hitting $353.41. 918,107 shares of the company were exchanged, compared to its average volume of 1,830,472. The company has a current ratio of 1.14, a quick ratio of 0.95 and a debt-to-equity ratio of 0.56. The firm has a fifty day moving average price of $305.40 and a two-hundred day moving average price of $290.35. L3Harris Technologies has a fifty-two week low of $193.09 and a fifty-two week high of $369.59. The stock has a market cap of $66.10 billion, a price-to-earnings ratio of 37.97, a P/E/G ratio of 2.25 and a beta of 0.66.

L3Harris Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be given a dividend of $1.25 per share. This is a boost from L3Harris Technologies’s previous quarterly dividend of $1.20. The ex-dividend date of this dividend is Friday, March 6th. This represents a $5.00 annualized dividend and a yield of 1.4%. L3Harris Technologies’s payout ratio is presently 51.56%.

Analyst Ratings Changes

Several research firms have commented on LHX. Royal Bank Of Canada upped their price objective on L3Harris Technologies from $315.00 to $360.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 14th. Susquehanna reissued a “positive” rating on shares of L3Harris Technologies in a research report on Thursday, January 15th. BNP Paribas Exane upgraded shares of L3Harris Technologies to a “hold” rating in a research note on Tuesday, November 18th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating on shares of L3Harris Technologies in a report on Wednesday, October 8th. Finally, Citigroup increased their price target on L3Harris Technologies from $331.00 to $389.00 and gave the stock a “buy” rating in a research report on Tuesday, January 13th. Fourteen analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $315.73.

Insider Buying and Selling at L3Harris Technologies

In other L3Harris Technologies news, CEO Christopher E. Kubasik sold 14,171 shares of the stock in a transaction that occurred on Thursday, November 13th. The shares were sold at an average price of $301.05, for a total transaction of $4,266,179.55. Following the transaction, the chief executive officer owned 144,426 shares in the company, valued at $43,479,447.30. This represents a 8.94% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.72% of the company’s stock.

Hedge Funds Weigh In On L3Harris Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Main Street Financial Solutions LLC raised its holdings in L3Harris Technologies by 3.6% during the 2nd quarter. Main Street Financial Solutions LLC now owns 1,393 shares of the company’s stock valued at $349,000 after buying an additional 49 shares during the last quarter. SeaCrest Wealth Management LLC raised its position in shares of L3Harris Technologies by 3.6% in the 3rd quarter. SeaCrest Wealth Management LLC now owns 1,458 shares of the company’s stock worth $447,000 after acquiring an additional 50 shares in the last quarter. Mendel Capital Management LLC lifted its position in L3Harris Technologies by 1.4% during the second quarter. Mendel Capital Management LLC now owns 4,784 shares of the company’s stock valued at $1,200,000 after buying an additional 64 shares during the period. Modern Wealth Management LLC boosted its stake in L3Harris Technologies by 7.8% during the second quarter. Modern Wealth Management LLC now owns 1,050 shares of the company’s stock worth $263,000 after acquiring an additional 76 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC grew its stake in shares of L3Harris Technologies by 9.3% in the 3rd quarter. Moneta Group Investment Advisors LLC now owns 907 shares of the company’s stock worth $277,000 after buying an additional 77 shares during the last quarter. Institutional investors own 84.76% of the company’s stock.

About L3Harris Technologies

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.