L3Harris Shares Slip Despite Q2 Earnings Beat: Details

L3Harris Technologies Inc. (NYSE: LHX ) posted its second-quarter results after Wednesday’s closing bell, beating estimates and raising its forward guidance.

Here’s a look at the details inside the report.

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L3Harris Q2 Details L3Harris reported quarterly earnings of $3.13 per share, which beat the consensus estimate of $2.80 by 11.79%, according to Pro data.

Quarterly revenue came in at $5.88 billion, which beat the Street estimate of $5.81 billion.

L3Harris reported the following second-quarter highlights: Orders of $7.3 billion; book-to-bill of 1.2x increases backlog to record $42 billion Operating margin of 11.1%, up 60 bps; Segment operating margin of 16% Operating cash flow of $879 million; Free cash flow of $771 million, both up 37% Increased 2026 guidance for consolidated revenue and EPS “Our Trusted Disruptor culture, underpinned by early and strategic investments and leveraging our commercial business model, continues to deliver results.

We deploy capabilities to support the warfighter’s need to sense, connect and respond, addressing today’s complex threat environment quickly and at scale,” said CEO Christopher Kubasik.

Read Also: SpaceX Stock Now Has $26 Billion in Short Bets — 35% of its Entire Float Looking Ahead L3Harris raised its fiscal 2026 adjusted EPS guidance to between $11.80 and $12, versus the $11.61 analyst estimate, and raised its revenue outlook to between $23.2 billion and $23.7 billion, versus the $23.58 billion estimate.

LHX Stock Price Activity: According to data Pro, L3Harris stock was down 0.95% to $294.71 in Wednesday’s extended trading.

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