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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$53.38B+5.5%
Enterprise value$64.68B+3.7%
P/E28.5×-1.3×
P/S1.4×0.0×

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:InventoryNet.

The source filing: L3Harris Technologies’s 10-Q, filed July 30, 2026.

Filed
Jul 30, 2026, 9:06 AM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q3 2026
Accession
0000202058-26-000058
(In millions, except par value)July 3, 2026January 2, 2026
Cash and cash equivalents$1,521$1,069
Receivables, net1,9501,371
Contract assets3,6743,566
Inventories, net1,2721,219
Other current assets656484
Assets of business held for sale1,010884
Total current assets10,0838,593
Non-current assets

Item 1. Financial Statements (

FAQ

What is L3Harris Technologies's inventories?
L3Harris Technologies (LHX) reported inventories of $1.27B in Q2 2026.
How has L3Harris Technologies's inventories changed year-over-year?
L3Harris Technologies's inventories increased by 1.1% year-over-year, from $1.26B to $1.27B.
What is the long-term trend for L3Harris Technologies's inventories?
Over 5 years (2020 to 2025), L3Harris Technologies's inventories has grown at a 4.6% compound annual growth rate (CAGR), from $973M to $1.22B.
What does inventories mean?
Total inventory including raw materials, work-in-progress, and finished goods, valued at the lower of cost or net realizable value.

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