0 analysts' median target is $360[FMP target], stock is $303, +18.8% upside potential. After Q1 +7.5% EPS beat[FMP earnings], the stock moved -2.2%.
B+ = MoonshotScore 33[9-pillar formula] + Council 2/6[6-lens rule]. Form 4: 0 transactions[FMP Form 4].
Q4 consensus: revenue $5.8B[FMP est], EPS $2.76[FMP est]. 8 consecutive quarters of beat[FMP earnings].
Q1 EPS +7.5% beat[FMP] but the stock -2.2% D+1[FMP D+1]. Ken Sharp promised $99.0M CapEx + a sequential decline in Q4 during the Q1 earnings call[Ken Sharp capex transcript].
Watchlist
Space Mission Systems Growth
space_mission_systems_growth
L3Harris' Space & Mission Systems delivered revenue of $3 billion, up 24% year-over-year, driven by strength in a number of our sectors. Space & Mission Systems revenue benefited from a milestone associated with procurement of material on a new classified program.
"Space & Mission Systems delivered revenue of $3 billion, up 24% year-over-year, driven by strength in a number of our sectors. Space & Mission Systems revenue benefited from a milestone associated with procurement of material on a new classified program."
- Kenneth Sharp, CFO - Q1 FY26 Earnings Call - April 30, 2026
2026 Revenue Guidance
2026_revenue_guidance
L3Harris is reaffirming the full year revenue guidance of $23 billion to $23.5 billion, representing 7% organic growth at the midpoint.
"We are reaffirming the full year revenue guidance of $23 billion to $23.5 billion, representing 7% organic growth at the midpoint."
- Kenneth Sharp, CFO - Q1 FY26 Earnings Call - April 30, 2026
2026 Eps Guidance
2026_eps_guidance
L3Harris is increasing both the bottom end and top end of our GAAP EPS range by $0.10 to $11.40 to $11.60.
"We are increasing both the bottom end and top end of our GAAP EPS range by $0.10 to $11.40 to $11.60."
- Kenneth Sharp, CFO - Q1 FY26 Earnings Call - April 30, 2026
International Growth
international_growth
L3Harris is experiencing strong international demand with growth accelerating over 20% as our allies modernize their technologies and invest more heavily in their national defense.
"We also continue to experience strong international demand with growth accelerating over 20% as our allies modernize their technologies and invest more heavily in their national defense."
- Kenneth Sharp, CFO - Q1 FY26 Earnings Call - April 30, 2026
Record Backlog
record_backlog
L3Harris' record backlog of over $40 billion does not yet include the $25 billion of orders for the Munitions Acceleration Council programs, which are currently in negotiations.
"Our backlog has almost doubled to over $40 billion, and that does not yet include the $25 billion of orders for the Munitions Acceleration Council programs, which are currently in negotiations."
- Christopher Kubasik, CEO - Q1 FY26 Earnings Call - April 30, 2026
Missile Solutions Ipo
missile_solutions_ipo
L3Harris' Missile Solutions strategy, including the $1 billion Department of War investment, which we received in April and our planned IPO represents a thoughtful and creative evolution in how we are positioning the business. We designed this model intentionally to move faster, unlock incremental shareholder value and align more closely with customer priorities in a rapidly evolving environment.
"Our Missile Solutions strategy, including the $1 billion Department of War investment, which we received in April and our planned IPO represents a thoughtful and creative evolution in how we are positioning the business. We designed this model intentionally to move faster, unlock incremental shareholder value and align more closely with customer priorities in a rapidly evolving environment."
- Christopher Kubasik, CEO - Q1 FY26 Earnings Call - April 30, 2026
Stock Expert AI - Methodology
9-pillar methodology. News Sentiment strong. Revenue Growth weak.
How is it calculated? ->6 investor frameworks. 2 bullish (Ray Dalio, Jim Simons), 1 bearish (Ken Griffin), 3 neutral (Klarman, Buffett, Munger).
How is it calculated? ->Quality business, trading at fair value.
How is it calculated? ->Past Performance
Q1 (April 30, 2026): EPS $2.72 vs $2.53 est[FMP], +7.5% beat. D+1 movement: -2.2%[FMP D+1]. Decline despite beat - market reacted to guidance, not numbers.
Q1: EPS $2.72 vs $2.53 beat[FMP], stock -2.2% D+1[FMP].
No RPO/backlog concentration disclosed in Q1 earnings call.
Q1 CapEx $99.0M[FMP cashflow]. Q1 op margin 11.4%[FMP op margin] - this level in Q4 is sensitive to CapEx revision risk.
Not advice - a structural framework for earnings night. Decision discipline is yours.
Market Outlook
You read it in 5 minutes. When the numbers come out on Thursday evening - you know what you're looking at.
Data arrives at night. The framework is ready now.
Data arrives on Thursday evening. The framework is ready on this page: Q4 EPS threshold $2.76[FMP], CapEx threshold "below $99.0M"[Ken Sharp]. Two anchors, three scenarios.
Comparison Stock Expert AI Pro $24/month ($240/year), 77% cheaper than the total of three earnings-tracking tools ($1,059/year -> $240/year).
Seeking Alpha $299/yr - analyst opinions + earnings coverage TipRanks $360/yr - Smart Score (1-10) + analyst consensus + insider trades Trendspider $400/yr - AI pattern detection + automated TA + multi-timeframe alerts
Prices as of April 2026. Sources: seekingalpha.com/subscriptions - tipranks.com/pricing - trendspider.com/pricing
Stock Expert AI Pro: $24/month ($240/year). Council 7-lens analysis + MoonshotScore 9-pillar + Insider tracker + Technical levels - all in one platform, for every stock.
Educational tool, not investment advice. Past performance does not guarantee future results.
Calendar
DATA GAP: Events not in the FMP /stable/calendar feed - Investor day, analyst day, product launches, regulatory dates. These require company IR page scraping or manual calendar entry.
This LHX (LHX) earnings preview covers the analyst consensus, key catalysts, and what to watch on the earnings call.
Consensus EPS, revenue guidance, segment growth rates, and the tone of management commentary — the full breakdown with sources is on this page.