L3Harris Technologies (NYSE:LHX) Issues Earnings Results, Beats Estimates By $0.10 EPS

L3Harris Technologies (NYSE:LHX) issued its earnings results on Thursday. The company reported $2.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.10, Briefing.com reports. L3Harris Technologies had a net margin of 8.09% and a return on equity of 11.08%. The company had revenue of $5.65 billion for the quarter, compared to analysts’ expectations of $5.76 billion. During the same quarter last year, the company posted $3.47 earnings per share. The firm’s quarterly revenue was up 2.3% on a year-over-year basis.

Here are the key takeaways from L3Harris Technologies’ conference call:

• Company finished 2025 with a record backlog (>$38 billion) and 1.3 book-to-bill and issued 2026 guidance calling for ~$23.0–$23.5B revenue, ~7% organic growth and ~$3.0B free cash flow, supporting a GAAP EPS range of $11.30–$11.50.
• L3Harris plans an IPO of its Missile Solutions unit in H2 2026 with a planned $1 billion Department of Defense preferred investment (converts at a 20% discount) to accelerate buildout of solid rocket motor capacity and production scale, positioning MSL for double‑digit growth (MSL modeled at ~$4.4B revenue, mid‑12% margins).
• Operationally the company exceeded its LHX NeXt $1B cost‑savings target one year early, delivered strong margins and cash generation in 2025 (adjusted FCF grew >20% to $2.8B and non‑GAAP EPS rose 11%), which management says underpins the 2026 outlook.
• Near‑term headwinds remain: Q4 IMS margins fell ~270 bps due to the CAS divestiture and maritime program issues, the government shutdown delayed awards/funding, and planned higher CapEx (~$600M in 2026) to build missile/satellite capacity could pressure cash and execution if supply‑chain or program risks persist.

L3Harris Technologies Stock Performance

Shares of NYSE LHX traded down $6.89 during midday trading on Thursday, reaching $353.41. The company had a trading volume of 918,107 shares, compared to its average volume of 1,830,472. The company has a current ratio of 1.14, a quick ratio of 0.95 and a debt-to-equity ratio of 0.56. The business’s 50-day simple moving average is $305.40 and its 200 day simple moving average is $290.35. L3Harris Technologies has a 1 year low of $193.09 and a 1 year high of $369.59. The stock has a market cap of $66.10 billion, a P/E ratio of 37.97, a P/E/G ratio of 2.25 and a beta of 0.66.

L3Harris Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 20th. Investors of record on Friday, March 6th will be paid a dividend of $1.25 per share. This is a positive change from L3Harris Technologies’s previous quarterly dividend of $1.20. The ex-dividend date is Friday, March 6th. This represents a $5.00 annualized dividend and a yield of 1.4%. L3Harris Technologies’s dividend payout ratio (DPR) is presently 51.56%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on LHX shares. Morgan Stanley increased their price target on L3Harris Technologies from $250.00 to $350.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 15th. BNP Paribas Exane raised L3Harris Technologies to a “hold” rating in a report on Tuesday, November 18th. Vertical Research reiterated a “buy” rating and set a $355.00 price objective on shares of L3Harris Technologies in a research report on Tuesday, January 13th. TD Cowen reissued a “buy” rating on shares of L3Harris Technologies in a report on Monday, January 5th. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of L3Harris Technologies in a report on Monday, January 12th. Fourteen investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, L3Harris Technologies has an average rating of “Moderate Buy” and an average target price of $315.73.

Insider Buying and Selling at L3Harris Technologies

In other news, CEO Christopher E. Kubasik sold 14,171 shares of the business’s stock in a transaction dated Thursday, November 13th. The stock was sold at an average price of $301.05, for a total value of $4,266,179.55. Following the completion of the transaction, the chief executive officer owned 144,426 shares of the company’s stock, valued at $43,479,447.30. The trade was a 8.94% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.72% of the stock is owned by insiders.

Institutional Investors Weigh In On L3Harris Technologies

Institutional investors have recently bought and sold shares of the company. JPL Wealth Management LLC acquired a new position in L3Harris Technologies during the 3rd quarter worth approximately $29,000. Triumph Capital Management acquired a new position in shares of L3Harris Technologies during the 3rd quarter worth approximately $31,000. Rakuten Securities Inc. lifted its holdings in L3Harris Technologies by 234.8% in the 2nd quarter. Rakuten Securities Inc. now owns 154 shares of the company’s stock valued at $39,000 after purchasing an additional 108 shares in the last quarter. Transamerica Financial Advisors LLC boosted its position in L3Harris Technologies by 7,500.0% during the second quarter. Transamerica Financial Advisors LLC now owns 228 shares of the company’s stock worth $57,000 after acquiring an additional 225 shares during the last quarter. Finally, Wexford Capital LP acquired a new stake in L3Harris Technologies in the 3rd quarter worth about $71,000. 84.76% of the stock is currently owned by institutional investors and hedge funds.

L3Harris Technologies Company Profile

L3Harris Technologies (NYSE: LHX) is an American aerospace and defense company formed in 2019 through the combination of L3 Technologies and Harris Corporation. Headquartered in Melbourne, Florida, the company designs, manufactures and supports a broad range of technology solutions for government and commercial customers, with a particular emphasis on defense, intelligence and public safety applications.

The company’s offerings span communications systems, avionics, electronic warfare, intelligence, surveillance and reconnaissance (ISR) sensors, space systems and mission integration.