What is L3Harris Technologies's change in deferred revenue?

L3Harris Technologies (LHX) reported change in deferred revenue of $461M in Q1 2026.

How has L3Harris Technologies's change in deferred revenue changed year-over-year?

L3Harris Technologies's change in deferred revenue increased by 2981.3% year-over-year, from -$16M to $461M.

What does change in deferred revenue mean?

Change in payments received from customers for goods/services not yet delivered — a key SaaS and subscription metric.

L3Harris Technologies LHX Change in Deferred Revenue

Change in Deferred Revenue at other companies

BK TechnologiesBKTI

$546K+281%

BoeingBA

$3.18B+307%

General DynamicsGD

$764M+5,777%

Raytheon TechnologiesRTX

$94M-74.8%

GHM

Graham CorporationGHM

$6.98M+7.1%

American SuperconductorAMSC

-$382K—

Other financials

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

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Market cap$53.75B+15.2%

Enterprise value$64.52B+10.5%

P/E31×+2.0×

P/S1.4×+0.1×

Profitability

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Gross margin25.5%-0.6pp

Operating margin10.2%+1.0pp

Net margin4.5%+0.1pp

FCF margin6.7%+0.6pp

Returns & leverage

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Return on equity8.9%+0.4pp

Debt / equity0.6×-0.1×

Current ratio1×0.0×

Where this comes from

Reported directly by L3Harris Technologies in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInContractWithCustomerLiability.

The official record: L3Harris Technologies’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is L3Harris Technologies's change in deferred revenue?: L3Harris Technologies (LHX) reported change in deferred revenue of $461M in Q1 2026.
How has L3Harris Technologies's change in deferred revenue changed year-over-year?: L3Harris Technologies's change in deferred revenue increased by 2981.3% year-over-year, from -$16M to $461M.
What does change in deferred revenue mean?: Change in payments received from customers for goods/services not yet delivered — a key SaaS and subscription metric.