L3Harris reports record Q3 backlog and raises FY2026 revenue and EPS outlook
L3Harris Technologies posted third‑quarter 2026 revenue of about $6.1 billion, up roughly 7% year‑over‑year, and GAAP diluted EPS of $3.28, a 33% increase. Quarterly orders of $19.3 billion pushed its backlog to a record $53.2 billion. The company lifted its full‑year 2026 revenue guidance to $23.5‑$23.7 billion and GAAP EPS guidance to $12.25‑$12.35 per share.
Why it matters
The higher guidance expands the revenue and earnings targets for investors, implying stronger cash‑flow generation and potential for dividend or buyback capacity. The record backlog signals robust future demand for L3Harris’s defense programs, which could support sustained earnings growth.
Key facts
- 1Q3 2026 revenue was $6.1 billion, up 7% YoY. l3harris.com
- 2GAAP diluted EPS for the quarter was $3.28, up 33% YoY. l3harris.com
- 3Quarterly orders totaled $19.3 billion, raising the backlog to $53.2 billion. l3harris.com
- 4FY2026 revenue guidance was increased to $23.5‑$23.7 billion (previously $23.2‑$23.7 billion). l3harris.com
- 5FY2026 GAAP EPS guidance was raised to $12.25‑$12.35 per share (previously $11.80‑$12.00). l3harris.com
- 6Free cash flow for the quarter was $1.3 billion, up 195% versus the prior year. l3harris.com
Summary written by AlphAI AI Desk from 19 of 19 sources. Not investment advice. Figures are as stated by the linked sources.