--- canonical_url: https://www.stockexpertai.com/earnings/lhx last_updated: 2026-05-05T20:58:04.032Z --- # L3Harris Technologies, Inc. (LHX) Q4 FY2026 Earnings Preview > This content was automatically generated with FMP live data + Q1 FY2026 earnings call transcript. Generated: 2026-05-05T20:58:03.747Z. Educational tool, not investment advice. --- ## Quick Summary | Field | Value | Source | |---|---|---| | Price | $302.65 (▼ -1.93%) | fmp:quote | | Market Cap | $56.5B | fmp:profile | | 52w range | $214.10 – $379.23 | fmp:quote | | Earnings | Thu 23 Jul | fmp:earnings-history | | EPS estimate | $2.76 (-1% YoY) | fmp:earnings-estimate | | Revenue estimate | $5.8B | fmp:earnings-estimate | | Beat streak | 8/4 | fmp:earnings-history | | Rating | B+ (overall 3/5) | fmp:ratings | | Analyst median target | $360 (+18.8% upside) | fmp:price-target-consensus | | MoonshotScore | 33/100 | derived | | Council | 2/6 bullish | derived | | Munger verdict | Fairly Valued | derived | ## L3Harris Technologies, Inc. — Q4 FY2026 Expectations Q4 consensus: revenue $5.8B^{[FMP est]}, EPS $2.76^{[FMP est]}. 8 consecutive quarters of beat^{[FMP earnings]}. ## Quick Take **Score:** B+ · **Stance:** BUY · **Council:** 2/6 · **Moonshot:** 33 = MoonshotScore 33^{[9-pillar formula]} + Council 2/6^{[6-lens rule]}. Form 4: 0 transactions^{[FMP Form 4]}. ## Watchlist (6 metrics) ### 1. 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, Investor Focus · Q1 FY2026 ### 2. 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, Expectation / Guide · Q1 FY2026 ### 3. 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, Expectation / Guide · Q1 FY2026 ### 4. 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, Investor Focus · Q1 FY2026 ### 5. 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, Investor Focus · Q1 FY2026 ### 6. 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 $1 billion Department of War investment, which we received in April and our planned IPO represents a thoughtful and creative evolution in how we are positioning the business. We designed this model intentionally to move faster, unlock incremental shareholder value and align more closely with customer priorities in a rapidly evolving environment." > — Christopher Kubasik, CEO, Investor Focus · Q1 FY2026 ## MoonshotScore Pillars | Pillar | Score | Level | Evidence | |---|---|---|---| | Revenue Growth | 3.0 | weak | Q1 vs Q2: moderate growth (+5.9%) | | Gross Margin | 2.0 | weak | Q1: low margin (24.4%, capital-intensive or commodity) | | Operating Leverage | 1.0 | weak | op margin average (11.4%) | | Cash Runway | 3.0 | weak | FCF negative ($-0.2B, external financing needed) | | R&D Intensity | 3.0 | weak | low R&D investment (1.2%, weak innovation) | | Price Momentum | 4.0 | medium | RSI 24.4 oversold, 50d below | | News Sentiment | 7.0 | strong | strong buy consensus (71%) | **Formula:** sum(pillar.score) / (count * 10) * 100. Each pillar deterministic from FMP. Source maps in pillar.formula. ## Council (7-Lens) | Name | Stance | Context | |---|---|---| | Ray Dalio | bull | macro · target upside +18.8% | | Ken Griffin | bear | flow · 50d MA below | | Jim Simons | bull | quant · RSI 24 | | Klarman | neutral | value · target upside +18.8% | | Buffett | neutral | quality · ROE score 3/5 | | Munger | neutral | valuation · target upside +18.8% | **Formula:** Each lens uses deterministic rule on bundle data. Logged in member.contextTr. ## Munger Lens - **Verdict:** Fairly Valued - **Financial Health:** Moderate - **Margin of Safety:** Moderate - **Interest Coverage:** Adequate - **ROIC vs WACC:** Tight **Formula:** verdict=upside>25?Undervalued:>0?Fairly Valued:Overvalued. Each lens deterministic from FMP ratings + priceTarget. ## Technical Levels - **RSI(14):** 24.4 — oversold (RSI 24.4) — tepki alımı potansiyeli - **50d MA:** $349 — hisse %13.4 altında — kısa vadeli direnç - **200d MA:** $310 — hisse %2.5 altında — uzun vadeli baskı - **Volume (10d):** +11% ## Past Performance (4 Quarters) | Quarter | EPS Actual | EPS Estimate | Result | Reaction | |---|---|---|---|---| | Q2 FY25 | $2.78 | $2.48 | BEAT | -1.4% | | Q3 FY25 | $2.70 | $2.58 | BEAT | -2.3% | | Q4 FY25 | $2.86 | $2.76 | BEAT | -3.7% | | Q1 FY26 | $2.72 | $2.53 | +7.5% EPS | -2.2% | 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. ## 3 Scenarios ### Scenario A · Beat **Q4 EPS > $2.76 + CapEx discipline** Threshold: EPS > $2.76^{[FMP est]}. Target: Break above median target $360^{[FMP target]}; high target $367^[FMP] upper bound. ### Scenario B · In-Line **EPS ≈ $2.76 + CapEx < $99.0M** Threshold: EPS ≈ $2.76^{[FMP est]}, Q4 CapEx < $99.0M^[FMP]. Target: Consolidation in the band between current $303^[FMP] and median $360^[FMP]. ### Scenario C · Miss **EPS < $2.68 or CapEx ≥ $99.0M** Threshold: EPS < $2.68^{[FMP est×0.97]}. Target: Current $303 below SMA200 $310^[FMP], if rejection continues, $264^[derived] support activates. ## Risk Notes ### Primary segment below threshold Q1: EPS $2.72 vs $2.53 beat^[FMP], stock -2.2% D+1^[FMP]. ### Backlog concentration No RPO/backlog concentration disclosed in Q1 earnings call. ### Insider trading Form 4 data is marked in the table — this page does not generate assumptions for this stock. | Executive | Action | Amount | Date | |---|---|---|---| **Net:** — (0 transactions · 0 sells · 0 buys) · Q1 FY26 ### CapEx shock Q1 CapEx $99.0M^{[FMP cashflow]}. Q1 op margin 11.4%^{[FMP op margin]} — this level in Q4 is sensitive to CapEx revision risk. ## Wall Street Consensus - **Median target:** $360 (+18.8% upside vs current $303) - **High / Low:** $367 / $323 - **Buy / Hold / Sell:** 15 / 6 / 0 - **Analyst count:** 0 (last quarter), 44 all-time ## Additional Transcript Insights ### 1. record_backlog **Claim:** 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. **Evidence (transcript):** "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." **Numbers:** $40 billion, $25 billion ### 2. international_growth **Claim:** 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. **Evidence (transcript):** "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." **Numbers:** 20% ### 3. space_mission_systems_growth **Claim:** 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. **Evidence (transcript):** "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." **Numbers:** $3 billion, 24% ### 4. 2026_revenue_guidance **Claim:** L3Harris is reaffirming the full year revenue guidance of $23 billion to $23.5 billion, representing 7% organic growth at the midpoint. **Evidence (transcript):** "We are reaffirming the full year revenue guidance of $23 billion to $23.5 billion, representing 7% organic growth at the midpoint." **Numbers:** $23 billion, $23.5 billion, 7% ### 5. 2026_eps_guidance **Claim:** L3Harris is increasing both the bottom end and top end of our GAAP EPS range by $0.10 to $11.40 to $11.60. **Evidence (transcript):** "We are increasing both the bottom end and top end of our GAAP EPS range by $0.10 to $11.40 to $11.60." **Numbers:** $0.10, $11.40, $11.60 ### 6. missile_solutions_ipo **Claim:** 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. **Evidence (transcript):** "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." **Numbers:** $1 billion --- *Data source: FMP (live query, 2026-05-05), Q1 FY2026 earnings call transcript (Translated to EN with Gemini 2.0 Flash). Educational tool, not investment advice.*