Earnings Call
Apr 30, 2026
Q1 FY2026
EPS Estimate
2.76
EPS Actual
2.86
Post-Earnings Close
$320.55
Earnings Reaction
-0.3%
L3Harris opened 2026 with what management described as one of its best quarters on record, posting 15% organic revenue growth to $5.7 billion and GAAP EPS of $2.72, up 33% year-over-year. The headline numbers comfortably exceeded consensus, and the company raised the full-year EPS range by $0.10 at both ends to $11.40, $11.60 while reaffirming revenue guidance of $23.0, $23.5 billion and $3 billion in free cash flow. Segment operating margins expanded for the tenth consecutive quarter, reaching 15.7%, even as the company accelerated R&D and capacity investment by 44% in the period. The quarter also marked the debut of new CFO Ken Sharp, who joined in mid-March following Ken Bedingfield's transition to full-time leadership of the Missile Solutions segment.
Report generated on May 4, 2026
AI-generated earnings analysis. Not investment advice.
Chief Executive Officer
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
The quarter's results reflected a combination of company-specific execution and broader sector dynamics, with management addressing several of the key debates that analysts had flagged heading into the print. Guidance commentary pointed to continued momentum in the core segments, while questions on margins and capital allocation drew more nuanced responses from the leadership team over the course of the call.
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