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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%
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$48.97B-5.4%
Enterprise value$60.26B-5.2%
P/E26.1×-4.4×
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:NetIncomeLoss.

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 per share amounts)Second Quarter / 2026Second Quarter / 2025Year to Date / 2026Year to Date / 2025
Interest expense, net(129)(152)(265)(302)
Income before income taxes7105241,299983
Income tax expense(110)(66)(187)(139)
Net income$600$458$1,112$844
Subsidiary preferred stock deemed dividend(14)(14)
Net income available to common shareholders$586$458$1,098$844
Earnings per share available to common shareholders
Basic$3.15$2.45$5.89$4.50

Item 1. Financial Statements (

FAQ

What is L3Harris Technologies's net income?
L3Harris Technologies (LHX) reported net income of $600M in Q2 2026.
How has L3Harris Technologies's net income changed year-over-year?
L3Harris Technologies's net income increased by 31.0% year-over-year, from $458M to $600M.
What is the long-term trend for L3Harris Technologies's net income?
Over 4 years (2021 to 2025), L3Harris Technologies's net income has grown at a -3.4% compound annual growth rate (CAGR), from $1.85B to $1.61B.
What does net income mean?
The bottom line — total revenue minus all expenses, taxes, and costs. Represents the profit attributable to the company's shareholders after all obligations are met.

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