AlphAIAlphAI — Financial news for AI agents
finance.yahoo.comOCT 293 min read$LHX

L3Harris (LHX) Q3 2026 Earnings Call Transcript

L3Harris (LHX) reported Q3 2026 earnings, highlighting improved operational efficiency and increased deliveries of PAC-3 and THAAD solid rocket motors. The company booked $11 billion in backlog for missile products and plans to triple THAAD deliveries in 2027. L3Harris is investing in capacity expansion for the Sentinel ICBM program and has won significant contracts in space and communications, including a $955 million AMDT3 award and an $876 million Next Gen Jammer contract.

Original reporting
finance.yahoo.com
Published Oct 29, 2026, 7:29 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 29, 2026, 7:40 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
About AlphAI AI DeskScoring methodologyReport an issue
L3Harris (LHX) Q3 2026 Earnings Call Transcript — source image
Source · finance.yahoo.com
Decision brief

The 30-second read

$LHXBullishMed
01

Why it matters

The disclosed contracts represent a multi‑billion‑dollar revenue pipeline, likely boosting earnings guidance and investor sentiment.

02

Market read

New contract wins and a large backlog provide a catalyst for L3Harris stock, with potential spillover to the broader defense sector.

03

What to watch

Potential cost overruns in capacity expansion projects could offset margin benefits.

Relevance 7/10Novelty 7/10Timing: post‑earnings call today

Background

L3Harris held its Q3 2026 earnings call, highlighting operational efficiencies, AI automation, and a slate of new defense contracts.

Company-level read

Ticker impact

$LHXBullishHigh confidence
Context

L3Harris disclosed multiple large contract awards (e.g., $955M AMDT3, $876M Next Gen Jammer, $500M VAMPIRE) and a $11B backlog during its Q3 2026 earnings call.

Expected impact

likely upward pressure as investors price in the sizable contract wins

Evidence & confidence

Large, newly announced defense contracts are material for L3Harris and typically drive short‑term stock gains.

Market effects

Sector

Strengthens outlook for defense and aerospace sector as a whole.

Regional

Positive for U.S. defense contractors and related supply chain.

Global

Reinforces demand for solid‑rocket motor technology globally.

Counterpoint

What could challenge this read

If the contracts face execution risk or budget cuts, the stock could face downside despite headline wins.

Key entities

  • Company
    L3Harris Technologies

    U.S. defense contractor reporting new contracts and backlog.

Read at source← All news

StoryL3Harris reports record Q3 backlog and raises FY2026 revenue and EPS outlook

Also covered by

6 outlets

Related articles

OCT 31
$LHXHighAI 9/10

Stocktwits Defense Watch: L3Harris, BA Report Record Backlogs, HII Raises FY2026 Shipbuilding Revenue

L3Harris (LHX) reported Q3 revenue of $6.06B, beating estimates, with a record backlog of $53.2B. HII (HII) reported Q3 revenue of $3.54B, also beating estimates, and raised its 2026 shipbuilding revenue forecast. Boeing (BA) reported $24.19B in revenue, missing estimates, with a loss of $0.34 per share. LHX and HII shares rose, while BA shares fell.

stocktwits.com2 min
OCT 30
$LHXHighAI 8/10

L3Harris Technologies Q3 Earnings Call Highlights

L3Harris Technologies reported Q3 revenue of $6.1B, up 7% YoY, with organic growth at 9%. International revenue rose 18%. Space & Mission Systems revenue increased 10%, while Communications & Spectrum Dominance revenue grew 3%. Missile Solutions revenue rose 5%, with organic growth at 17%. The company reaffirmed its 2026 revenue outlook of $23.5B-$23.7B and raised EPS guidance to $12.25-$12.35. L3Harris plans to invest in missile production and may reassess a Missile Solutions IPO in mid-2027.

finance.yahoo.com3 min
OCT 30
$LHXHighAI 8/10

LHX Q3 Earnings Call Highlights Record Backlog and Revised Outlook

L3Harris (LHX) reported Q3 2026 earnings of $3.28 per share, beating estimates, with revenues of $6.06B. The company raised its 2026 guidance but adjusted 2028 targets, citing investments and cash flow changes. CEO Mehta emphasized converting backlog into revenue and expanding missile production. International revenues grew 18%, and the company maintains flexibility on a potential Missile Solutions IPO.

zacks.com3 min
OCT 30
$LHXMed

UBS raises L3Harris stock price target to $293 on solid quarter

UBS raised its price target for L3Harris Technologies (NYSE:LHX) to $293 from $264, citing a solid quarter and achievable 2028 margin targets. The stock trades at $278.43, with a market cap of $51.85 billion. L3Harris reported Q3 earnings of $3.28 per share, beating estimates, and raised its full-year outlook. The company's revenue was $6.06 billion, also exceeding projections.

investing.com2 min
OCT 30
$LHXHighAI 8/10

L3Harris Technologies Inc (LHX) Q3 2026 Earnings Call Highlights: Record $53 Billion

L3Harris (LHX) reported Q3 2026 with organic revenue up 9%, EPS at $3.28, and free cash flow at $1.3B. The company has a record $53B backlog, up 47%, with significant contract wins. International revenue grew 18%. Debt leverage improved to 1.9x. However, 2028 margin and free cash flow guidance were reduced, and supply chain disruptions impacted some segments. The missile IPO is delayed. CEO Sam Mehra emphasized efficiency and backlog conversion.

finance.yahoo.com2 min