L3Harris beats Q2 estimates and raises full-year 2026 outlook

Earnings
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L3Harris Technologies reported second-quarter 2026 earnings of $3.13 per share, beating the Zacks Consensus Estimate of $2.80 by 11.8 percent and rising 12.6 percent from the year-ago quarter. Revenues totaled $5.88 billion, topping the consensus of $5.79 billion and improving 8.4 percent from $5.43 billion a year earlier, driven by growth across all segments. The company raised its full-year 2026 revenue guidance to a range of $23.2 billion to $23.7 billion, up from the prior $23 billion to $23.5 billion, and lifted its earnings per share outlook to $11.80 to $12.00, above the previous $11.40 to $11.60. Segment results showed Space and Mission Systems revenue up 7 percent to $2.97 billion, Communications and Spectrum Dominance revenue up 4 percent to $1.94 billion, and Missile Solutions revenue up 14 percent to $1.05 billion. L3Harris ended the quarter with $1.52 billion in cash and cash equivalents and long-term debt of $9.18 billion, while operating cash flow for the first six months of 2026 reached $784 million.

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