LHX Q4 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025

Earnings

L3Harris Technologies posted a mixed but broadly encouraging fourth quarter, with non-GAAP earnings per share of $2.86 beating the $2.77 consensus by 3.25%, even as revenue of $5.65 billion came in 1.92% below expectations despite growing 2.3% year o… Read more L3Harris Technologies posted a mixed but broadly encouraging fourth quarter, with non-GAAP earnings per share of $2.86 beating the $2.77 consensus by 3.25%, even as revenue of $5.65 billion came in 1.92% below expectations despite growing 2.3% year over year. The real story was the company's remarkable cash generation, with Q4 operating cash flow surging 74% to $1.96 billion, driven by tax planning strategies, lower interest payments, and higher net income, underlining what CEO Christopher Kubasik called "a clear inflection point" for the defense contractor. Record orders of $27.50 billion and a book-to-bill ratio of 1.3x signal a strong demand pipeline, reflecting customer urgency around national and global defense priorities, including growing momentum in missile and munitions programs following the Aerojet Rocketdyne integration. A non-cash goodwill impairment of $85.00 million weighed on GAAP EPS, which fell to $1.59 from $2.37 a year earlier. Looking ahead, L3Harris guided fiscal 2026 revenue of $23.00 billion to $23.50 billion, with GAAP diluted EPS of $11.30 to $11.50 and free cash flow of approximately $3.00 billion.