EarningsQ2 2026 Earnings Report
MX:LHX Q2 2026 EPS Results
Actual EPS$56.57
Consensus EPS$50.70
Beat/MissBeat by +$5.87
One Year Ago EPS$50.24
MX:LHX Q2 2026 Revenue Results
Actual Revenue$106.29B
Expected Revenue$105.03B
Beat/MissBeat by +$1.26B
YoY Revenue Growth+8.39%
Earnings Announcement Details
QuarterQ2 2026
Date07/29/2026
TimeAfter Close
Conference CallWednesday, July 29, 2026
MX:LHX Upcoming Earnings
L3Harris Technologies's next earnings date is estimated for October 29, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
MX:LHX Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational and financial momentum highlighted by double-digit growth in key businesses, meaningful cash generation, major program awards, and aggressive capacity investments—particularly in missiles—while also acknowledging near-term execution, divestiture impacts, and market/timing risks (IPO delay and budget uncertainty). Overall, the balance of outcomes was positive with clear indicators of accelerating demand and improving margins over time, tempered by investment-driven near-term costs and timing risks.Company Guidance
Strong Revenue Growth
Q2 revenue of $5.9 billion, up $455 million or 8% year-over-year, with broad-based growth across all three segments.
Orders, Book-to-Bill and Backlog Expansion
Orders of $7.3 billion with a book-to-bill of 1.2x (trailing 12-month 1.3x). Backlog increased by more than $1 billion to $42 billion, improving revenue visibility.
Significant Cash Generation and FCF Expansion
Operating cash flow of $879 million and free cash flow of $771 million (up 37%). Year-to-date free cash flow of $584 million, $124 million ahead of prior year; reaffirming full-year FCF guidance of $3.0 billion.
Improved Profitability and EPS
Segment operating income increased $79 million (9%); segment operating margin at 16% (up 10 bps). GAAP EPS of $3.13, up 28% (+$0.69) driven by higher volume and improved program performance.
Raised Full-Year Guidance
2026 revenue guidance raised to $23.2–$23.7 billion (organic growth 8–10%). Diluted EPS guidance increased by $0.40 to $11.80–$12.00 despite a ~$0.20 headwind from the divestiture.
Missile Solutions Momentum and Capacity Investments
Missile Solutions revenue grew 14% YoY (16% in retained business). Q2 missile capacity investments of $136 million, $2 billion total commitments for missile capacity, and plans to add nearly 1 million sq ft of modern automated production (GMLRS factory coming online next month).
Major Program Wins and Large Opportunities
Awarded AMDT 3 missile-tracking satellites (only company awarded all five contracts). Since Q4 secured $2.4 billion in new contracts, $9 billion space pipeline, $3 billion in airborne early warning/control international wins since Q4, and negotiating >$20 billion in new missile contracts that could potentially triple backlog.
Operational Turnaround in Missiles
Deliveries up over 60%, delinquent deliveries substantially eliminated, and operational efficiency improved ~22% following integration and process improvements; new fully automated GMLRS line to more than double capacity and cut manufacturing time by 50%.
Strong International Growth
International sales increased $254 million, up over 20% YoY; international mix increased ~250 basis points to 23% of total revenue.
Large Long-Term Production Frameworks
Framework agreement signed covering seven years of THAAD and PAC-3 production representing ~ $12 billion of future production revenue and ~$2 billion of future profit; potential to expand production share further.
MX:LHX Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed