L3Harris Technologies Reports Strong First Quarter 2026 Results
MELBOURNE, Fla., April 30, 2026 — L3Harris Technologies (NYSE: LHX) has reported its financial results for the first quarter of 2026.
Key Highlights
- Orders reached $7.8 billion with a book-to-bill ratio of 1.4x, boosting backlog to a new record of $40.7 billion.
- Revenue of $5.7 billion, an increase of 12%, reflecting a growth of 15% on an organic basis.
- Operating margin stands at 11.4%, up 120 basis points, while segment operating margin is 15.7%, up 10 basis points.
- GAAP diluted EPS of $2.72, representing a 33% increase.
- The company has updated its EPS guidance for 2026.
Christopher Kubasik, Chairman and CEO, remarked, “We are executing our Trusted Disruptor strategy with both urgency and discipline, leveraging speed and scale to adapt to our customers’ evolving needs. Our results reflect the strength of our portfolio, which aligns with the nation’s most critical defense missions. In today’s dynamic global environment, demand is rapidly increasing, and the future of warfare heavily influences our immediate operational priorities. We swiftly adapt across the portfolio to meet mission requirements and expand our operations to satisfy growing demand, propelling growth throughout our enterprise.”
Kubasik further noted, “We have kicked off the year with strong orders and revenue growth, alongside measurable progress on our strategic initiatives. We are well-positioned for the next phase of growth and value generation, remaining on track to meet our commitments for 2026 while advancing our 2028 Financial Framework outlined earlier this year.”
Forward-Looking Statements
This earnings release contains 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 statements cover planned investments, 2026 guidance, the anticipated impact of recent and expected contract awards, and projections related to our 2028 financial framework, among other factors. Investors are cautioned against placing undue reliance on these statements, as they represent management’s current expectations and are not guarantees of future performance or outcomes. Factors that could lead to actual results differing materially from expectations include competitive market conditions, U.S. Government spending priorities, changes in the mix of contracts, unilateral actions by the U.S. Government, and other risks outlined in the “Risk Factors” section of our Form 10-K for fiscal 2025. All subsequent forward-looking statements made by us or on our behalf are qualified by the cautionary statements herein, and we disclaim any intention or obligation to update or revise these statements except as required by law.
*Organic revenue is defined and reconciled to GAAP in Table 5 as a non-GAAP Financial Measure.
Source: L3Harris (2026-04-30)
