Deferred Revenue
L3Harris Technologies Deferred Revenue increased by 21.0% to $2.74B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 28.8%, from $2.12B to $2.74B. Over 5 years (FY 2021 to FY 2026), Deferred Revenue shows an upward trend with a 13.6% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests strong sales of subscription-based services or bundled offerings, providing a predictable pipeline for future revenue recognition.
Detailed definition
Represents cash payments received from customers in advance of the company fulfilling its performance obligations, speci...
Peer comparison
High-growth software and services companies typically maintain larger deferred revenue balances relative to pure hardware manufacturers.
deferred_revenue_currentHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.21B | $1.17B | $1.30B | $1.28B | $1.27B | $1.16B | $1.40B | $1.53B | $1.65B | $1.94B | $1.90B | $1.78B | $1.89B | $1.88B | $2.14B | $2.12B | $2.32B | $2.23B | $2.26B | $2.74B |
| QoQ Change | — | -2.6% | +10.5% | -1.7% | -0.4% | -8.8% | +20.9% | +8.9% | +8.1% | +17.7% | -2.1% | -6.5% | +6.3% | -0.6% | +14.1% | -0.8% | +9.1% | -3.7% | +1.4% | +21.0% |
| YoY Change | — | — | — | — | +5.4% | -1.4% | +7.9% | +19.6% | +29.8% | +67.5% | +35.7% | +16.5% | +14.6% | -3.2% | +12.7% | +19.5% | +22.7% | +18.8% | +5.6% | +28.8% |
Deferred Revenue at Other Companies
Frequently Asked Questions
- What is L3Harris Technologies's deferred revenue?
- L3Harris Technologies (LHX) reported deferred revenue of $2.74B in Q1 2026.
- How has L3Harris Technologies's deferred revenue changed year-over-year?
- L3Harris Technologies's deferred revenue increased by 28.8% year-over-year, from $2.12B to $2.74B.
- What is the long-term trend for L3Harris Technologies's deferred revenue?
- Over 5 years (2021 to 2026), L3Harris Technologies's deferred revenue has grown at a 13.6% compound annual growth rate (CAGR), from $1.20B to $2.26B.
- What does deferred revenue mean?
- Money collected from customers for products or services that haven't been delivered yet but will be within a year.