Earnings Preview: What To Expect From L3Harris Technologies' Report

Melbourne, Florida-based L3Harris Technologies, Inc. (LHX) provides mission-critical solutions for government and commercial customers worldwide. The company has a market cap of $54.1 billion and operates through three segments: Space & Mission Systems (SMS), Communications & Spectrum Dominance (CSD), and Missile Solutions (MSL). 

LHX is expected to release its Q2 2026 earnings soon. Ahead of the event, analysts expect the company’s EPS to be $2.79 on a diluted basis, up marginally from $2.78 in the year-ago quarter. The company has exceeded Wall Street’s EPS estimates in each of its last four quarters. 

For fiscal 2026, analysts project the company’s EPS to be $11.52, up 7.4% from $10.73 in fiscal 2025. Moreover, its EPS is expected to rise by roughly 17.4% year over year (YoY) to $13.52 in fiscal 2027.       

LHX stock has grown 15.9% over the past 52 weeks, underperforming the S&P 500 Index’s ($SPX) 20.9% rise and the State Street Industrial Select Sector SPDR ETF’s (XLI) 25.6% rise during the same time frame.    

On Apr. 30, LHX stock declined marginally following the release of its Q1 2026 earnings. The company’s revenue for the quarter amounted to $5.7 billion, surpassing the Street’s estimates. Moreover, its adjusted EPS for the period came in at $2.72, also topping Wall Street’s estimates. L3Harris expects full-year earnings to be $11.40 to $11.50 per share, with revenue in the range of $23 billion to $23.5 billion. 

Analysts are moderately bullish on LHX, with the stock currently rated “Moderate Buy” overall. Among the 20 analysts covering the stock, 14 are recommending a “Strong Buy,” and six suggest a “Hold.” LHX’s average analyst price target is $385.05, indicating an upside of 32.5% from the current levels.