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L3Harris Technologies LHX Q1 2026 earnings

Reported April 24, 2025 · Before market open

Revenue$5.1BMiss by $72.5MDiluted EPS$2.41Beat by $0.10
Revenue estimate$5.2B
EPS estimate$2.31

Next report

Jul 29, 2026 (In 2 weeks)
Revenue estimate$5.8B
EPS estimate$2.81

Financials

Q1 2026

Income statement

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Revenue$5.7B+11.9%
Gross profit$1.4B+3.9%
Operating income$652.0M+24.2%
Net income$512.0M+32.6%
EPS (diluted)$2.72+33.3%

Balance sheet

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Cash & equivalents$590.0M+14.1%
Total debt$11.4B-7.3%
Total equity$19.7B+2.9%
Total assets$41.4B+0.3%

Cash flow

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Operating cash flow-$95.0M-126%
CapEx$99.0M+67.8%
Free cash flow-$194.0M-92.1%

Valuation & ratios

Valuation

as of 03/28/25
See full
Market cap$59.87B+48.1%
Enterprise value$70.64B+35.4%
P/E34.6×+9.4×
P/S1.5×+0.5×

Profitability

See full
Gross margin25.5%-0.6pp
Operating margin10.2%+1.0pp
Net margin4.5%+0.1pp
FCF margin6.7%+0.6pp

Returns & leverage

See full
Return on equity8.9%+0.4pp
Debt / equity0.6×-0.1×
Current ratio1×0.0×

Segments

By segment

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SAS$3.0B+24.0%
CS$1.9B+2.5%
IMS$990.0M+17.9%

By geography

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Non Us$1.3B+11.8%

Versus estimates

Revenue

Q1 2027$5.7BBeat by $327.0MQ4 2026$5.6BMiss by $122.4MQ3 2026$5.7BBeat by $134.5MQ2 2026$5.4BBeat by $111.8M
Q1 2026$5.1BMiss by $72.5M
Q4 2025$5.5BBeat by $20.7M

Diluted EPS

Q1 2027$2.72Beat by $0.19Q4 2026$2.86Beat by $0.10Q3 2026$2.70Beat by $0.12Q2 2026$2.78Beat by $0.30
Q1 2026$2.41Beat by $0.10
Q4 2025$3.47Beat by $0.05

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Questions, answered.

When did L3Harris Technologies report Q1 2026 earnings?
L3Harris Technologies (LHX) reported Q1 2026 earnings on April 24, 2025 before market open.
What were L3Harris Technologies's Q1 2026 revenue and EPS?
L3Harris Technologies reported revenue of $5.1B and diluted EPS of $2.41 for Q1 2026.
Did L3Harris Technologies beat estimates in Q1 2026?
Revenue missed the consensus estimate of $5.2B by $72.5M. EPS beat the consensus estimate of $2.31 by $0.10.
How did L3Harris Technologies's Q1 2026 results compare year-over-year?
Compared to the same quarter a year prior, revenue declined 1.5% from $5.2B a year earlier and diluted EPS declined 21.2% from $3.06.
Where can I find L3Harris Technologies's Q1 2026 SEC filings?
You can read the 10-Q periodic report (0000202058-25-000101) directly on SEC EDGAR. The filing index links above go to sec.gov.