L3Harris Technologies (LHX) Earnings: Q3 Fiscal 2026 Results and Next Report Date
Last updated November 2026
Short answer
L3Harris Technologies reported revenue of $6.1 billion for Q3 fiscal 2026, up 7% from a year earlier (L3Harris Technologies, Oct 29, 2026). Diluted EPS was $3.28, up 33% from $2.46. Space & Mission Systems brought in $3,093 million, up 10%. L3Harris Technologies next reports around January 28, 2027 (an estimated date). Every figure is from L3Harris Technologies's release. Walnut is informational, not investment advice.
LHX Q3 fiscal 2026 results
In one sentence
L3Harris Technologies reported revenue of $6.1 billion for Q3 fiscal 2026, up 7% from a year earlier (L3Harris Technologies, Oct 29, 2026).
| Measure | Q3 fiscal 2026 | Q3 fiscal 2025 | Change |
|---|---|---|---|
| Revenue | $6,060 million | $5,659 million | up 7% |
| Diluted EPS | $3.28 | $2.46 | up 33% |
| Net income | $613 million | $462 million | up 33% |
The quarter ended October 2, 2026 and L3Harris Technologies published the results on October 29, 2026. Revenue and diluted EPS are shown against Q3 fiscal 2025, the same quarter a year earlier, which takes seasonal swings out of the comparison.
- L3Harris reports three segments from fiscal 2026 (previously four), and its earnings appendix recasts 2025 quarters on that basis. Segment revenue is shown before intersegment eliminations, so the Intersegment and Other rows reconcile it to total revenue.
- Net income on this page is net income available to common shareholders, after $19 million of deemed dividends on the subsidiary Series A preferred stock issued in the Department of War (DoW) strategic investment.
- L3Harris's fiscal quarter ended October 2, 2026; the year-ago quarter ended October 3, 2025.
Source: L3Harris Q3 2026 results, October 29, 2026. Also in the Form 10-Q for the quarter ended October 2, 2026. Figures as reported; checked against the release on November 10, 2026.
LHX revenue by segment
How L3Harris Technologies splits revenue in its own release, under its own labels, for Q3 fiscal 2026 against Q3 fiscal 2025. Indented lines are parts of the line above them.
| Revenue by segment | Q3 fiscal 2026 | Q3 fiscal 2025 | Change |
|---|---|---|---|
| Space & Mission Systems | $3,093 million | $2,803 million | up 10% |
| Communications & Spectrum Dominance | $1,995 million | $1,935 million | up 3% |
| Missile Solutions | $1,057 million | $1,008 million | up 5% |
| Intersegment | -$80.0 million | -$88.0 million | n/a |
| Other | -$5.0 million | $1.0 million | n/a |
- L3Harris Technologies's Space & Mission Systems revenue was $3.1 billion in Q3 fiscal 2026, up 10% from $2.8 billion in Q3 fiscal 2025, 51% of total revenue.
- L3Harris Technologies's Communications & Spectrum Dominance revenue was $2.0 billion in Q3 fiscal 2026, up 3% from $1.9 billion in Q3 fiscal 2025, 33% of total revenue.
- L3Harris Technologies's Missile Solutions revenue was $1.1 billion in Q3 fiscal 2026, up 5% from $1.0 billion in Q3 fiscal 2025, 17% of total revenue.
Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.
L3Harris Technologies's outlook for Fiscal 2026
From the earnings release
In its Q3 fiscal 2026 release, L3Harris Technologies said:
“Management increases the bottom end of the revenue guidance range to $23.5 billion to $23.7 billion (prev. $23.2 billion to $23.7 billion), increases GAAP EPS range to $12.25 to $12.35 (prev. $11.80 to $12.00)”
“Net cash provided by operating activities is anticipated to be approximately $3.6 billion and capital expenditures are anticipated to be approximately $600 million.”
Source: L3Harris Q3 2026 release, Oct 29, 2026.
This is the company's own guidance as of Oct 29, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the LHX forecast page.
LHX recent quarters
Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.
| Quarter | Revenue | Diluted EPS | Reported |
|---|---|---|---|
ended Oct 2, 2026 | $6,060 million | $3.28 | Oct 29, 2026 |
Q2 fiscal 2026 ended Jul 3, 2026 | $5,881 million | $3.13 | Jul 29, 2026 |
Q1 fiscal 2026 ended Apr 3, 2026 | $5,744 million | $2.72 | Apr 30, 2026 |
Q4 fiscal 2025 ended Jan 2, 2026 | $5,648 million | $1.59 | Jan 29, 2026 |
Q3 fiscal 2025 ended Oct 3, 2025 | $5,659 million | $2.46 | Oct 30, 2025 |
Revenue and diluted EPS, each as first reported in that quarter's release.
When does LHX report earnings next?
L3Harris Technologies's next report is expected around January 28, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q3 fiscal 2026 until those results are out and have been checked against the release.
Past L3Harris Technologies quarterly reports
Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.
- Q3 fiscal 2026 (this page), reported Oct 29, 2026
What L3Harris Technologies's revenue is made of
L3Harris Technologies reports three segments. In Q3 fiscal 2026 Space & Mission Systems had revenue of $3,093 million, Communications & Spectrum Dominance $1,995 million and Missile Solutions $1,057 million, before $80 million of intersegment eliminations. Total revenue was $6,060 million, up $401 million, or 7%, and up 9% on an organic basis. (L3Harris Q3 2026 release, Oct 29, 2026)
L3Harris's largest customers are U.S. Government departments and agencies, their prime contractors and international allies. In fiscal 2025, 75% of revenue came from U.S. Government customers, directly or through prime contractors and including foreign military sales, and revenue from end customers outside the U.S. was $4.8 billion, or 22%. (L3Harris Form 10-K, fiscal 2025, Feb 12, 2026)
Contract mix differs by segment. In Q3 fiscal 2026, 72% of total revenue was fixed-price and 28% cost-type, and 76% came from the United States. Communications & Spectrum Dominance was 84% fixed-price with 42% international revenue, while 73% of Missile Solutions revenue came from work as a subcontractor. (L3Harris Q3 2026 earnings appendix, Oct 29, 2026)
L3Harris said revenue rose across all segments, mainly on higher volumes and a milestone tied to material procurement for classified contracts, partly offset by $103 million less revenue after the August 3, 2026 divestiture of the Space Technology disposal group from Missile Solutions. Missile Solutions organic growth was 17%, against 5% reported, and Space & Mission Systems grew 10%. (L3Harris Form 10-Q, Q3 2026, Oct 29, 2026; L3Harris Q3 2026 earnings appendix, Oct 29, 2026)
Orders were $19.3 billion in the quarter, a book-to-bill of 3.2x, taking backlog to a record $53.2 billion. Missile Solutions booked $12.5 billion (book-to-bill 11.8x), including seven-year undefinitized contracts of $6.3 billion for THAAD propulsion and $4.7 billion for PAC-3 MSE propulsion. L3Harris expects to recognize approximately 35% of backlog as revenue over the next twelve months. (L3Harris Q3 2026 release, Oct 29, 2026; L3Harris Q3 2026 earnings appendix, Oct 29, 2026; L3Harris Form 10-Q, Q3 2026, Oct 29, 2026)
What L3Harris Technologies's EPS includes
L3Harris Technologies reports GAAP EPS only and gives no adjusted EPS figure. Diluted EPS was $3.28 in Q3 fiscal 2026, up 33% from $2.46, which it attributed to higher volumes, lower corporate expense, lower interest expense and a lower effective tax rate. Unallocated corporate items fell to $181 million from $279 million, including $147 million of acquisition-related intangible amortization against $192 million. (L3Harris Q3 2026 release, Oct 29, 2026; L3Harris Q3 2026 earnings appendix, Oct 29, 2026)
The effective tax rate was 14.9%, against 18.5% a year earlier, and included a 10% benefit from the favorable resolution of audit uncertainties. Interest expense, net, fell to $116 million from $152 million. EPS is calculated after $19 million of deemed dividends on the subsidiary Series A preferred stock issued in the DoW strategic investment, and the quarter included a $50 million charge from the change in fair value of that stock's conversion feature and warrants. (L3Harris Q3 2026 release, Oct 29, 2026; L3Harris Form 10-Q, Q3 2026, Oct 29, 2026; L3Harris Q3 2026 earnings appendix, Oct 29, 2026)
Diluted weighted-average shares were 186.9 million, against 188.1 million a year earlier. L3Harris spent $73 million on buybacks in the quarter and $598 million for 1.8 million shares in the first nine months, with $1.6 billion of authorization remaining, and paid $234 million of dividends in the quarter. (L3Harris Q3 2026 release, Oct 29, 2026; L3Harris Form 10-Q, Q3 2026, Oct 29, 2026)
Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.
Consensus and guidance at L3Harris Technologies
L3Harris Technologies gives full-year revenue, GAAP EPS, margin and cash flow guidance. With Q3 fiscal 2026 results it raised the bottom of its revenue range to $23.5 billion to $23.7 billion, from $23.2 billion to $23.7 billion, raised GAAP EPS guidance to $12.25 to $12.35, from $11.80 to $12.00, and kept free cash flow guidance at $3.0 billion, with operating cash flow of approximately $3.6 billion and capital expenditures of approximately $600 million. (L3Harris Q3 2026 release, Oct 29, 2026)
By segment it now expects revenue of about $11.9 billion for Space & Mission Systems (previously about $11.7 billion), about $7.9 billion for Communications & Spectrum Dominance (previously about $8 billion) and about $4.1 billion for Missile Solutions, with segment operating margin of low 16%. (L3Harris Q3 2026 release, Oct 29, 2026)
A consensus figure is the average of the models published by the analysts who cover L3Harris Technologies, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.
The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.
The numbers analysts watch at L3Harris Technologies
The figures below are the ones L3Harris Technologies's own release and filings put weight on for Q3 fiscal 2026, with the latest reported value for each.
| Metric | Latest reported |
|---|---|
| Backlog | $53.2 billion, a record Funded backlog $31.2 billion L3Harris Q3 2026 release, Oct 29, 2026; L3Harris Form 10-Q, Q3 2026, Oct 29, 2026 |
| Book-to-bill | 3.2x on $19.3 billion of orders Missile Solutions 11.8x, Communications & Spectrum Dominance 1.9x, Space & Mission Systems 1.0x L3Harris Q3 2026 release, Oct 29, 2026 |
| Organic revenue growth (non-GAAP) | 9%, against 7% reported L3Harris Q3 2026 release, Oct 29, 2026 |
| Segment operating margin (non-GAAP) | 15.9%, flat from a year earlier GAAP operating margin 13.0%, up from 11.0% L3Harris Q3 2026 release, Oct 29, 2026 |
| Free cash flow (non-GAAP) | $1,260 million, against $427 million a year earlier Operating cash flow $1,439 million L3Harris Q3 2026 release, Oct 29, 2026 |
| Net EAC adjustments | $89 million favorable $17 million favorable a year earlier L3Harris Q3 2026 earnings appendix, Oct 29, 2026 |
What the quarter means for a holding is a separate question from what it reported. The case for and against owning LHX is on is LHX a buy or a sell?, what analysts expect next is on the LHX forecast, and what the company does is on the L3Harris Technologies (LHX) stock page.
How to check LHX's figures yourself
Every number on this page can be traced to a document L3Harris Technologies published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.
- The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
- The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
- The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
- Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.
A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.
Your questions about L3Harris Technologies
Ask Walnut's AI anything about LHX and see how it fits what you own.
FAQ
What was L3Harris Technologies's revenue last quarter?
+
L3Harris Technologies reported revenue of $6,060 million for Q3 fiscal 2026, the quarter ended October 2, 2026, against $5,659 million in Q3 fiscal 2025 (up 7%). The figures come from L3Harris Technologies's results release of October 29, 2026.
What guidance did L3Harris Technologies give for Fiscal 2026?
+
In its Q3 fiscal 2026 release, L3Harris Technologies said: "Management increases the bottom end of the revenue guidance range to $23.5 billion to $23.7 billion (prev. $23.2 billion to $23.7 billion), increases GAAP EPS range to $12.25 to $12.35 (prev. $11.80 to $12.00) Net cash provided by operating activities is anticipated to be approximately $3.6 billion and capital expenditures are anticipated to be approximately $600 million." That is the company's own outlook as of Oct 29, 2026, and companies revise outlooks as the quarter goes on.
When does LHX report earnings next?
+
L3Harris Technologies's next report is expected around January 28, 2027, a date estimated from its reporting history that the company has not confirmed. This page carries Q3 fiscal 2026 until those results are out and checked against the release.
Where does L3Harris Technologies's revenue come from?
+
L3Harris Technologies's Space & Mission Systems revenue was $3.1 billion in Q3 fiscal 2026, up 10% from $2.8 billion in Q3 fiscal 2025, 51% of total revenue. L3Harris Technologies's Communications & Spectrum Dominance revenue was $2.0 billion in Q3 fiscal 2026, up 3% from $1.9 billion in Q3 fiscal 2025, 33% of total revenue. L3Harris Technologies's Missile Solutions revenue was $1.1 billion in Q3 fiscal 2026, up 5% from $1.0 billion in Q3 fiscal 2025, 17% of total revenue. These are the lines of L3Harris Technologies's own "revenue by segment" table for Q3 fiscal 2026.
How much did L3Harris Technologies's revenue grow last quarter?
+
Up 7% on the year: $6,060 million in Q3 fiscal 2026 against $5,659 million in Q3 fiscal 2025. That is the year-over-year comparison, the same quarter a year apart, so seasonal patterns in L3Harris Technologies's business do not distort it.
Why is L3Harris Technologies's quarter called Q3 fiscal 2026?
+
L3Harris Technologies's fiscal year does not follow the calendar year, so Q3 fiscal 2026 is the quarter that ended October 2, 2026. When you compare LHX with a company that reports on the calendar year, line quarters up by the date they ended, not by their names.
Where do the LHX numbers on this page come from?
+
From L3Harris Technologies's own results release and its Form 10-Q for the quarter ended October 2, 2026, copied as printed, in millions of US dollars. Percent changes are worked out from those figures and rounded to a whole percent, which matches how the release states them. Nothing on this page is an estimate except the consensus, which is labelled with its source and date.
Walnut is informational, not investment advice. Reported figures are copied from L3Harris Technologies's results release and filings; consensus figures, where shown, are third-party estimates captured before the report. Verify figures against the source before relying on them.
Guides that feature LHX
LHX is one of the names covered in these guides. Each one puts the stock next to its peers so you can see where it fits rather than judging it alone.