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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
L3harris Technologies
L3harris Technologies (LHX) investor relations material
L3harris Technologies Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary29 Oct, 2026
Executive summary
Q3 revenue was $6.060B, up 7% reported and 9% organically; diluted EPS rose 33% to $3.28, and free cash flow was $1.260B, up 195%.
Orders of $19.3B drove 3.2x book-to-bill and record backlog of $53.2B, including $31.2B funded.
Growth across all three segments and major missile awards supported results; execution, capacity expansion, supply-chain conditions and budget timing remain considerations.
Financial highlights
Revenue was $6.060B versus $5.659B; Q3 2026 had 13 weeks versus 14 weeks in Q3 2025, while organic growth was 9%.
Operating income rose 27% to $786M from $621M; consolidated operating margin expanded to 13.0% from 11.0%.
Net income was $632M versus $462M; net income available to common shareholders was $613M, and diluted EPS was $3.28 versus $2.46.
Operating cash flow was $1.439B and free cash flow was $1.260B versus $427M; capital expenditures were $179M and R&D was $143M.
YTD revenue was $17.685B versus $16.217B; diluted EPS was $9.13 versus $6.92.
Outlook and guidance
FY2026 revenue guidance increased to $23.5B–$23.7B from $23.2B–$23.7B; organic growth guidance is 9%–10%, up from 8%–10%.
FY2026 GAAP EPS guidance rose to $12.25–$12.35 from $11.80–$12.00; free cash flow guidance remains $3.0B.
FY2026 segment operating margin guidance remains in the low 16% range; operating cash flow is expected to be ~$3.6B with ~$600M of capital expenditures.
2028 framework retains 8% organic revenue CAGR; segment margin is 16% versus prior 16.3%, and free cash flow is $3B+ versus prior $3.5B.
Segment revenue outlook: Space & Mission Systems ~$11.9B, Communications & Spectrum Dominance ~$7.9B and Missile Solutions ~$4.1B.
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Latest events from L3harris Technologies
- Record $33B backlog and $22.8B orders support FY24 growth guidance.LHX
Q4 2023 - Operational focus, innovation in radios, and disciplined capital allocation drive growth.LHXMorgan Stanley's 14th Annual Laguna Conference
- Missile and space growth, supply chain focus, and innovation drive strong outlook.LHXJefferies Global Industrials Conference 2026
- 2026 and 2028 targets highlight robust growth, margin expansion, and strategic realignment.LHXInvestor presentation
- Revenue up 8%, EPS up 28%, record $42B backlog, guidance raised, and missile investment secured.LHXQ2 2026
- 2028 targets $27B revenue, 8% CAGR, and high-teens growth in missiles, driven by global demand.LHXInvestor Day 2026
- Q3 revenue up 7% to $5.7B, non-GAAP EPS up 10%, and 2025 guidance raised on strong backlog.LHXQ3 2025
- Q2 revenue up 13% to $5.3B, guidance raised, and margins improved on strong defense demand.LHXQ2 2024
- Strong 2026 outlook driven by defense budget growth, tech partnerships, and operational efficiency.LHXBarclays 42nd Annual Industrial Select Conference
Next L3harris Technologies earnings date
Q4 202628 Jan, 2027
L3harris Technologies
Next L3harris Technologies earnings date
Q4 202628 Jan, 2027
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Frequently asked questions
Defense Technologies
L3Harris Technologies is an American technology company and defense contractor. is an aerospace and defense technology company. Headquartered in Melbourne, Florida, the company specializes in a wide array of advanced technologies, including secure communication systems, night vision, avionics, space and airborne systems, and surveillance solutions. L3Harris is headquartered in Melbourne, Florida, and its shares are traded on the NYSE.
Formation Through a Merger
L3Harris Technologies came to be after a merger of L3 Technologies and Harris Corporation in 2019. Harris Corporation, founded in 1895, initially focused on printing press and typesetting systems, gradually evolving into communications and electronic systems. L3 Technologies was established in 1997 by the formation of various divisions divested by Lockheed Martin. The company quickly became established in the sector and is today one of the leaders in niche fields such as night vision.
A Defense Contractor
Just like how companies such as Lockheed Martin and Northrop Grumman are defense contractors, L3Harris works in a similar way. The company is primarily engaged in providing advanced technology solutions for the defense and intelligence sectors. As a defense contractor, their role involves designing, developing, and manufacturing technology and equipment critical for national security. The company does have some commercial customers and activities as well.
Products
L3Harris Technologies specializes in a wide range of products and services for the defense, aerospace, and commercial sectors. The company’s products are used in intelligence, surveillance, reconnaissance, and analytics, supporting military, government, and commercial customers globally. It provides surveillance solutions, night vision equipment, and air traffic management systems. In cybersecurity, L3Harris offers secure communications and information assurance products. The company also develops integrated mission systems for air, space, sea, and land platforms.