L3Harris Technologies Reports Robust Second Quarter 2026 Results
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MELBOURNE, Fla., July 29, 2026 — L3Harris Technologies (NYSE: LHX) has shared its financial results for the second quarter of 2026, demonstrating a strong performance across key metrics.
Highlights
- Orders reached $7.3 billion, resulting in a book-to-bill ratio of 1.2x and an increase in backlog to a record $42 billion.
- Revenue amounted to $5.9 billion, representing an increase of 8% compared to the previous period.
- The company recorded an operating margin of 11.1%, an improvement of 60 basis points, with a segment operating margin of 16.0%.
- Diluted earnings per share (EPS) rose to $3.13, reflecting a 28% increase.
- Operating cash flow totaled $879 million, and free cash flow reached $771 million, both showing a 37% increase.
- L3Harris has raised its guidance for consolidated revenue and EPS for 2026.
Christopher Kubasik, Chairman and CEO, stated, “Our Trusted Disruptor culture, bolstered by early strategic investments and the utilization of our commercial business model, continues to yield positive outcomes. We provide the capabilities necessary to support the warfighter, enabling swift responses to today’s complex threat landscape.”
Kubasik further commented, “Our dedicated portfolio and emphasis on execution resulted in remarkable second quarter outcomes. Strong order intake, record backlog, and double-digit growth in the first half of the year reinforce our commitment to delivering on our financial promises over the long term.”
Forward-Looking Statements
This earnings release includes forward-looking statements as defined by federal securities laws, relying on the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These may encompass planned investments, capacity expansion, pipeline and backlog growth, 2026 guidance, recent and anticipated contract awards, projections related to the global security situation, and other financial items. Investors are cautioned against placing undue reliance on these statements, which reflect management’s current expectations and are not guarantees of future performance. Various factors could cause actual results to differ from those projected, including competitive market dynamics, changes in U.S. Government spending, supply chain disruptions, and other economic conditions. A more detailed discussion of these risks can be found in the “Risk Factors” section of our Form 10-K for fiscal 2025.
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Source: L3Harris (2026-07-29)
