L3Harris Technologies IncL3Harris reported strong Q2 revenue and EPS growth, raised full-year guidance.
L3Harris Technologies and Intuitive Machines reported sharply different second-quarter 2026 financial results, underscoring the contrast between a mature defense prime and a fast-growing commercial space firm. L3Harris posted revenue of $5.9 billion, up 8% year over year, with net income of $600 million and diluted EPS of $3.13, while raising its full-year 2026 revenue guidance to $23.2 billion to $23.7 billion. Intuitive Machines saw revenue surge more than fourfold to $206 million, but recorded an operating loss of $47 million and an Adjusted EBITDA loss of $14 million, even as its backlog reached a record $1.8 billion. The two companies are partners on the Space Development Agency's Accelerated Missile Defense Tranche 3 mission, where Intuitive Machines will build 18 satellite platforms for L3Harris payloads. Hedge fund ownership rose for both stocks in the first quarter of 2026, with L3Harris held by 59 funds and Intuitive Machines by 30.
L3Harris Technologies IncL3Harris reported strong Q2 revenue and EPS growth, raised full-year guidance.
Intuitive Machines Inc. Intuitive Machines reported an operating loss and Adjusted EBITDA loss despite revenue surge.