L3Harris Technologies (NYSE:LHX) Issues FY 2026 Earnings Guidance

L3Harris Technologies (NYSE:LHX) issued an update on its FY 2026 earnings guidance on Wednesday. The company provided earnings per share guidance of 11.800-12.000 for the period, compared to the consensus estimate of 11.670. The company issued revenue guidance of $23.2 billion-$23.7 billion, compared to the consensus revenue estimate of $23.5 billion.

Analyst Upgrades and Downgrades

Several analysts have recently commented on LHX shares. Weiss Ratings downgraded L3Harris Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, June 23rd. Truist Financial raised L3Harris Technologies to a “strong-buy” rating in a research note on Friday, May 1st. Sanford C. Bernstein cut their price target on L3Harris Technologies to $405.00 and set an “outperform” rating on the stock in a report on Monday, May 4th. UBS Group reduced their price objective on L3Harris Technologies from $362.00 to $330.00 and set a “neutral” rating for the company in a research note on Friday, May 1st. Finally, Wall Street Zen upgraded L3Harris Technologies from a “hold” rating to a “buy” rating in a report on Saturday, April 11th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, L3Harris Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $368.00.

L3Harris Technologies Stock Down 2.8%

Shares of LHX traded down $8.47 on Wednesday, reaching $296.73. The company’s stock had a trading volume of 1,274,151 shares, compared to its average volume of 1,446,637. The company has a current ratio of 1.03, a quick ratio of 0.89 and a debt-to-equity ratio of 0.47. L3Harris Technologies has a twelve month low of $267.25 and a twelve month high of $379.23. The stock has a market capitalization of $55.28 billion, a PE ratio of 32.22, a PEG ratio of 1.54 and a beta of 0.51. The firm has a fifty day moving average of $298.92 and a 200-day moving average of $328.39.

L3Harris Technologies (NYSE:LHX) last released its quarterly earnings results on Wednesday, July 29th. The company reported $3.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.80 by $0.33. L3Harris Technologies had a return on equity of 10.65% and a net margin of 7.71%.L3Harris Technologies has set its FY 2026 guidance at 11.800-12.000 EPS. Equities analysts predict that L3Harris Technologies will post 11.54 EPS for the current year.

L3Harris Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 18th. Stockholders of record on Friday, September 4th will be issued a $1.25 dividend. This represents a $5.00 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, September 4th. L3Harris Technologies’s dividend payout ratio (DPR) is currently 54.29%.

Insider Activity

In related news, VP Melanie Rakita sold 2,180 shares of L3Harris Technologies stock in a transaction that occurred on Tuesday, May 5th. The stock was sold at an average price of $310.45, for a total transaction of $676,781.00. Following the transaction, the vice president owned 4,192 shares of the company’s stock, valued at $1,301,406.40. The trade was a 34.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 0.68% of the stock is currently owned by insiders.

Key L3Harris Technologies News

Here are the key news stories impacting L3Harris Technologies this week:

• Positive Sentiment: Profit and revenue exceeded expectations. L3Harris reported second-quarter adjusted EPS of $3.13, above the $2.80 consensus and up from $2.78 a year earlier. Revenue rose 8% to $5.9 billion, while operating margin improved to 11.1%. L3Harris Q2 Earnings and Revenues Top Estimates
• Positive Sentiment: Full-year EPS guidance was raised. L3Harris now expects fiscal 2026 EPS of $11.80 to $12.00, 40 cents higher than its prior outlook and above the approximately $11.67 analyst consensus. L3Harris Raises Guidance on Higher Profit, Revenue
• Positive Sentiment: Backlog and cash generation strengthened. Orders totaled $7.3 billion, producing a 1.2-times book-to-bill ratio and lifting backlog to a record $42 billion. Operating cash flow increased 37% to $879 million, while free cash flow rose 37% to $771 million. L3Harris Reports Second Quarter 2026 Results
• Positive Sentiment: Long-term missile-production agreements add visibility. Seven-year deals to expand Patriot and THAAD missile output could support future defense revenue and backlog. L3Harris Signs Deals to Expand Missile Output
• Neutral Sentiment: Revenue guidance was less compelling than the EPS increase. The company expects fiscal 2026 revenue of $23.2 billion to $23.7 billion, with the midpoint roughly matching the $23.5 billion consensus estimate. Analysts maintain a “Moderate Buy” consensus view. Analyst Consensus Recommendation
• Negative Sentiment: Investors may have been expecting an even stronger outlook. Although earnings guidance increased, revenue guidance did not materially exceed expectations. L3Harris also trades at a relatively high earnings multiple, leaving the stock vulnerable to selling when results are viewed as merely meeting elevated expectations.

Hedge Funds Weigh In On L3Harris Technologies

A number of hedge funds have recently bought and sold shares of LHX. Motiv8 Investments LLC purchased a new stake in shares of L3Harris Technologies in the fourth quarter valued at about $25,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of L3Harris Technologies during the fourth quarter valued at about $25,000. JPL Wealth Management LLC purchased a new position in L3Harris Technologies during the third quarter worth about $29,000. Triumph Capital Management purchased a new position in L3Harris Technologies during the third quarter worth about $31,000. Finally, Rakuten Securities Inc. grew its position in L3Harris Technologies by 234.8% in the 2nd quarter. Rakuten Securities Inc. now owns 154 shares of the company’s stock worth $39,000 after purchasing an additional 108 shares in the last quarter. 84.76% of the stock is owned by hedge funds and other institutional investors.

About L3Harris Technologies

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.