Cost of Revenue

Total Cost of Revenue

L3Harris Technologies Total Cost of Revenue decreased by 73.3% to $4.34B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 14.8%, from $3.78B to $4.34B. Over 4 years (FY 2022 to FY 2026), Total Cost of Revenue shows an upward trend with a 22.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.

Analysis

StatementIncome Statement
SectionCost of Revenue
CategoryEfficiency
SignalLower is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026

How to read this metric

An increase relative to revenue may indicate rising component costs or manufacturing inefficiencies, whereas a decrease suggests better economies of scale.

Detailed definition

The direct costs attributable to the production of the goods sold and the delivery of services. This typically encompass...

Peer comparison

In the consumer electronics industry, this is often compared against revenue to determine the efficiency of the supply chain.

Metric ID: is_total_cost_of_revenue

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$3.25B$2.92B$3.05B$2.89B$2.91B$3.05B$3.28B$3.31B$3.48B$3.61B$3.92B$3.86B$3.94B$3.87B$15.80B$3.78B$4.09B$4.17B$16.24B$4.34B
QoQ Change-10.2%+4.5%-5.3%+0.5%+5.0%+7.6%+0.6%+5.2%+3.8%+8.6%-1.4%+2.0%-1.7%+308.0%-76.1%+8.2%+1.8%+289.9%-73.3%
YoY Change-10.6%+4.5%+7.6%+14.3%+19.6%+18.2%+19.3%+16.9%+13.3%+7.3%+303.4%-2.1%+3.9%+7.5%+2.8%+14.8%
Range$2.89B$16.24B
CAGR+6.3%
Avg YoY Growth+27.5%
Median YoY Growth+10.4%

Product Breakdown

View all
SegmentFY'22FY'23FY'24FY'25FY'26
Product$11.25B
Service$3.43B$3.78B$4.60B$4.78B$4.99B
Total$12.44B$12.14B$14.31B$27.48B$28.28B

All segment values are derived from annual filings.

Business Segments

View all
SegmentQ3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26Q2 '26
SAS$2.44B
CS$1.16B
IMS$807.00M
AR$488.00M$535.00M$2.01B$489.00M$549.00M$589.00M$2.21B
Total$3.94B$3.87B$15.80B$3.78B$4.09B$4.17B$16.24B$4.34B

AR was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.

Frequently Asked Questions

What is L3Harris Technologies's total cost of revenue?
L3Harris Technologies (LHX) reported total cost of revenue of $4.34B in Q1 2026.
How has L3Harris Technologies's total cost of revenue changed year-over-year?
L3Harris Technologies's total cost of revenue increased by 14.8% year-over-year, from $3.78B to $4.34B.
What is the long-term trend for L3Harris Technologies's total cost of revenue?
Over 4 years (2022 to 2026), L3Harris Technologies's total cost of revenue has grown at a 22.8% compound annual growth rate (CAGR), from $12.44B to $28.28B.
What does total cost of revenue mean?
The direct cost of making the products or providing the services that a company sells.