What is L3Harris Technologies's contract liabilities?

L3Harris Technologies (LHX) reported contract liabilities of $83M in Q2 2026.

What does contract liabilities mean?

Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.

L3Harris Technologies LHX Contract Liabilities

Contract Liabilities at other companies

BK TechnologiesBKTI

$6.98M+8.5%

Comtech TelecommunicationsCMTL

$18.1M-10.4%

General DynamicsGD

$2.61B—

American SuperconductorAMSC

$15.4M+64.9%

Teledyne TechnologiesTDY

$32.7M-25.5%

AIRO Group Holdings, Inc. Common StockAIRO

$3.6M—

Other financials

Income statement

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Revenue$5.9B+8.4%

Gross profit$1.5B+12.5%

Operating income$654.0M+14.5%

Net income$600.0M+31.0%

EPS (diluted)$3.13+28.3%

Balance sheet

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Cash & equivalents$1.5B+216%

Total debt$12.8B+4.6%

Total equity$19.9B+3.1%

Total assets$42.9B+4.1%

Cash flow

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Operating cash flow$879.0M+37.3%

CapEx$108.0M+22.7%

Free cash flow$771.0M+39.7%

Valuation

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Market cap$50.65B-1.5%

Enterprise value$61.95B-2.0%

P/E27×-3.3×

P/S1.3×-0.1×

Profitability

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Gross margin25.6%-0.3pp

Operating margin10.3%+0.9pp

Net margin4.8%+0.2pp

FCF margin7.2%+1.4pp

Returns & leverage

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Return on equity9.6%+0.7pp

Debt / equity0.6×0.0×

Current ratio1.2×+0.1×

Where this comes from

Reported directly by L3Harris Technologies in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityNoncurrent.

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

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Questions, answered.

What is L3Harris Technologies's contract liabilities?: L3Harris Technologies (LHX) reported contract liabilities of $83M in Q2 2026.
What does contract liabilities mean?: Revenue collected or billed in advance of performance — deferred revenue under ASC 606 terminology, representing future revenue obligations.