L3Harris Technologies (NYSE:LHX) Announces Earnings Results

L3Harris Technologies (NYSE:LHX) released its earnings results on Thursday. The company reported $2.86 EPS for the quarter, topping the consensus estimate of $2.76 by $0.10, Briefing.com reports. The business had revenue of $5.65 billion during the quarter, compared to analysts’ expectations of $5.76 billion. L3Harris Technologies had a return on equity of 10.43% and a net margin of 7.35%.The firm’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $3.47 earnings per share.

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 Down 3.8%

Shares of NYSE LHX opened at $342.50 on Friday. The company has a quick ratio of 0.95, a current ratio of 1.19 and a debt-to-equity ratio of 0.53. L3Harris Technologies has a 52 week low of $193.09 and a 52 week high of $369.59. The firm’s fifty day moving average is $308.13 and its 200 day moving average is $291.36. The company has a market cap of $64.06 billion, a price-to-earnings ratio of 40.15, a PEG ratio of 2.42 and a beta of 0.66.

L3Harris Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 20th. Shareholders of record on Friday, March 6th will be given a $1.25 dividend. The ex-dividend date is Friday, March 6th. This is an increase from L3Harris Technologies’s previous quarterly dividend of $1.20. This represents a $5.00 annualized dividend and a yield of 1.5%. L3Harris Technologies’s dividend payout ratio is presently 56.27%.

Trending Headlines about L3Harris Technologies

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

• Positive Sentiment: U.S. Navy awarded L3Harris the Red Wolf contract to develop, test and produce long‑range Precision Attack Strike Munition vehicles — a clear program win that supports future revenue and backlog growth. US Navy Selects L3Harris Red Wolf
• Positive Sentiment: Management raised FY‑2026 guidance to EPS $11.30–$11.50 and revenue $23.0–$23.5B (above consensus), signaling confidence in organic growth despite near‑term headwinds. 2025 Results & 2026 Guidance
• Positive Sentiment: Company is pursuing a Missile Solutions spinoff (with reported government investment interest) and raised its dividend — strategic moves that could unlock value and support shareholder returns. Missile Solutions IPO & growth outlook
• Positive Sentiment: Q4 EPS beat consensus ($2.86 vs. $2.76), showing underlying profitability despite weaker revenue. Q4 EPS beat
• Neutral Sentiment: Analyst reaction mixed — Royal Bank of Canada nudged its price target up to $365 with a “sector perform” rating, offering modest validation but not a strong buy signal. RBC raises target
• Neutral Sentiment: Industry coverage highlights L3Harris among peers as defense spending lifts demand for unmanned and missile systems — a sector tailwind that benefits multiple names. AVAV vs LHX analysis
• Negative Sentiment: Q4 revenue missed estimates ($5.65B vs. $5.76B) and management flagged near‑term pressure from a prolonged U.S. government shutdown that delayed contract awards — the primary driver of today’s selloff. Revenue miss due to shutdown
• Negative Sentiment: Analyst and media headlines emphasized a disappointing near‑term revenue outlook and the YoY drop in quarterly earnings, prompting short‑term selling despite longer‑term positives. Shares slide coverage
• Negative Sentiment: Quarterly earnings were lower year‑over‑year, which may concern investors focused on near‑term profitability trends. Earnings fall coverage

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on LHX shares. Truist Financial set a $364.00 price objective on shares of L3Harris Technologies in a report on Wednesday, January 14th. Morgan Stanley lifted their price target on shares of L3Harris Technologies from $250.00 to $350.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 15th. Wall Street Zen lowered L3Harris Technologies from a “strong-buy” rating to a “buy” rating in a report on Sunday, January 11th. Wolfe Research reaffirmed an “outperform” rating on shares of L3Harris Technologies in a report on Friday. Finally, TD Cowen reiterated a “buy” rating on shares of L3Harris Technologies in a report on Monday, January 5th. Fifteen analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $316.07.

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 on Thursday, November 13th. The shares were sold at an average price of $301.05, for a total transaction of $4,266,179.55. Following the sale, the chief executive officer owned 144,426 shares in the company, valued at approximately $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 accessible through the SEC website. 0.72% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Danske Bank A S bought a new position in L3Harris Technologies in the third quarter valued at about $11,483,000. San Luis Wealth Advisors LLC purchased a new position in shares of L3Harris Technologies in the third quarter worth approximately $205,000. Kestra Private Wealth Services LLC grew its position in L3Harris Technologies by 5.3% during the third quarter. Kestra Private Wealth Services LLC now owns 38,248 shares of the company’s stock valued at $11,681,000 after buying an additional 1,925 shares during the period. NewEdge Advisors LLC increased its holdings in L3Harris Technologies by 61.2% during the third quarter. NewEdge Advisors LLC now owns 27,535 shares of the company’s stock valued at $8,409,000 after buying an additional 10,453 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in shares of L3Harris Technologies by 8.8% in the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 87,043 shares of the company’s stock worth $25,853,000 after purchasing an additional 7,017 shares in the last quarter. 84.76% of the stock is owned by 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.