L3Harris outlines 2026 EPS of $12.25-$12.35 while reaffirming 2028 organic growth of 8% (NYSE:LHX)

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.

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.

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.

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.

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.

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.