L3HARRIS TECHNOLOGIES, INC. /DE/ Earnings Summary — Q1 2026
L3Harris Posts Strong Double-Digit Revenue and Profit Growth in Q1 2026
Key Takeaways
- Revenue reached $5.74B, representing a robust 11.9% year-over-year growth trajectory.
- Net income increased 32.6% YoY to $512M, significantly outpacing top-line expansion.
- Operating margins expanded to 11.35%, up from 10.23% in the same quarter last year.
- The company effectively managed total operating expenses, which were lower than the prior year's $825M despite higher revenue.
- Earnings Per Share (Diluted) rose to $2.72, exceeding the Q1 2025 figure of $2.05.
- Interest expense remains slightly lower at $136M compared to over $150M in mid-2025, assisting bottom-line growth.
Management Guidance
Management is transitioning from a period of inorganic growth and complex integration to a focus on operational efficiency and a 'Trusted Disruptor' identity against traditional defense primes.
Sentiment Shift
Improving
After a volatile 2025 marked by moderate revenue growth and fluctuating margins, Q1 2026 shows a sharp acceleration in both margin expansion and year-over-year profitability.
Outlook
The company is focused on mission-critical communications, electronic warfare, and space systems, targeting long-term dominance through multi-domain solutions and digital transformation.
From the Annual Report (Key Quotes)
“The vision of a multi-domain solutions provider is being realized through steady project wins.”
“Communication remains focused on synergy targets and R&D investment for long-term dominance.”
“Focusing on de-leveraging and returning capital to shareholders.”
Official Quarterly Documents
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This summary is AI-generated from L3HARRIS TECHNOLOGIES, INC. /DE/'s latest quarterly filing and earnings call. For informational purposes only — not investment advice.