LHX Stock - L3Harris Technologies, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $21.32B | $19.42B | $17.06B | $17.81B | $18.19B |
| Gross Profit | $4.75B | $4.43B | $4.93B | $5.38B | $5.34B |
| Gross Margin | 22.3% | 22.8% | 28.9% | 30.2% | 29.3% |
| Operating Income | $2.06B | $2.02B | $1.13B | $2.22B | $2.17B |
| Net Income | $1.50B | $1.23B | $1.06B | $1.85B | $1.12B |
| Net Margin | 7.0% | 6.3% | 6.2% | 10.4% | 6.2% |
| EPS | $7.91 | $6.47 | $5.54 | $9.17 | $5.23 |
L3Harris Technologies, Inc., an aerospace and defense technology company, provides mission-critical solutions for government and commercial customers worldwide. The company's Integrated Mission Systems segment provides multi-mission intelligence, surveillance, and reconnaissance (ISR) systems; and communication systems, as well as fleet management support, sensor development, modification, and periodic depot maintenance services for ISR and airborne missions. It also manufactures and integrates mission systems for maritime platforms, such as signals intelligence and multi-intelligence platforms; unmanned surface and undersea autonomous solutions; and power and ship control systems and other electronic and electrical products and systems. In addition, this segment offers advanced electro-optical and infrared solutions. Its Space and Airborne Systems segment offers space payloads, sensors, and full-mission solutions; classified intelligence and cyber defense solutions; mission avionics; and electronic warfare systems. The company's Communication Systems segment provides tactical communications; broadband secured mobile networked communication equipment, including airborne, space, and surface data link terminals, ground stations, and transportable tactical satellite communication (SATCOM) systems for use in manned aircraft, unmanned aerial vehicles, and naval ships; and helmet and weapon mounted integrated night vision systems. This segment also offers radios, systems applications, and equipment for critical public safety and professional communications; and SATCOM terminals and battlefield management networks. Its Aviation Systems segment offers defense aviation products; commercial pilot training; and mission networks solutions for air traffic management. The company was formerly known as Harris Corporation and changed its name to L3Harris Technologies, Inc. in June 2019. L3Harris Technologies, Inc. was founded in 1895 and is headquartered in Melbourne, Florida.
Visit WebsiteRating Distribution
Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| December 16th 2025 | Morgan Stanley | Upgrade | Overweight | $367 |
| December 12th 2025 | Citigroup | Initiation | Buy | $331 |
| November 18th 2025 | BNP Paribas Exane | Initiation | Neutral | $290 |
| April 11th 2025 | Goldman | Upgrade | Buy | $263 |
| January 8th 2025 | Bernstein | Upgrade | Outperform | $267← $289 |
| January 2nd 2025 | Raymond James | Downgrade | Market Perform | - |
| November 26th 2024 | Argus | Upgrade | Buy | $300 |
| October 31st 2024 | BofA Securities | Upgrade | Buy | $300 |
| October 10th 2024 | Wolfe Research | Upgrade | Outperform | $300 |
| August 14th 2024 | RBC Capital Mkts | Downgrade | Sector Perform | $240← $250 |
| August 9th 2024 | Morgan Stanley | Downgrade | Equal Weight | $257← $275 |
| July 26th 2024 | Deutsche Bank | Downgrade | Hold | $257← $245 |
| April 22nd 2024 | Alembic Global Advisors | Upgrade | Overweight | $238 |
| January 11th 2024 | JP Morgan | Upgrade | Overweight | $240 |
| December 15th 2023 | Deutsche Bank | Upgrade | Buy | $240← $184 |
Earnings History & Surprises
LHXEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q2 2026 | Apr 22, 2026 | — | — | — | — |
Q1 2026 | Jan 29, 2026 | $2.79 | — | — | — |
Q4 2025 | Oct 30, 2025 | $2.58 | $2.70 | +4.7% | ✓ BEAT |
Q3 2025 | Jul 24, 2025 | $2.48 | $2.78 | +12.1% | ✓ BEAT |
Q2 2025 | Apr 24, 2025 | $2.31 | $2.41 | +4.3% | ✓ BEAT |
Q1 2025 | Jan 30, 2025 | $3.42 | $3.47 | +1.5% | ✓ BEAT |
Q4 2024 | Oct 24, 2024 | $3.25 | $3.34 | +2.8% | ✓ BEAT |
Q3 2024 | Jul 25, 2024 | $3.18 | $3.24 | +1.9% | ✓ BEAT |
Q2 2024 | Apr 25, 2024 | $2.91 | $3.06 | +5.2% | ✓ BEAT |
Q1 2024 | Jan 25, 2024 | $3.31 | $3.35 | +1.2% | ✓ BEAT |
Q4 2023 | Oct 26, 2023 | $3.06 | $3.19 | +4.2% | ✓ BEAT |
Q3 2023 | Jul 26, 2023 | $2.94 | $2.97 | +1.0% | ✓ BEAT |
Q2 2023 | Apr 27, 2023 | $2.87 | $2.86 | -0.3% | ✗ MISS |
Q1 2023 | Jan 26, 2023 | $3.21 | $3.27 | +1.9% | ✓ BEAT |
Q4 2022 | Oct 27, 2022 | $3.44 | $3.26 | -5.2% | ✗ MISS |
Q3 2022 | Jul 28, 2022 | $3.16 | $3.23 | +2.2% | ✓ BEAT |
Q2 2022 | Apr 28, 2022 | $3.05 | $3.12 | +2.3% | ✓ BEAT |
Q1 2022 | Jan 31, 2022 | $3.25 | $3.30 | +1.5% | ✓ BEAT |
Q4 2021 | Oct 29, 2021 | $3.16 | $3.21 | +1.6% | ✓ BEAT |
Q3 2021 | Aug 3, 2021 | $3.17 | $3.26 | +2.8% | ✓ BEAT |
Latest News
L3Harris Technologies shares are trading higher after the company secured an $843 million contract from the Space Development Agency to build 18 infrared satellites for the Tranche 3 Tracking Layer.
📈 PositiveL3Harris Technologies Bags $843M Contract From Space Development Agency To Build 18 Infrared Satellites For Tranche 3 Tracking Layer
📈 PositiveTrump Administration Plans Executive Order To Limit Defense Contractors Dividends, Buybacks And Executive Pay For Over-Budget And Delayed Contracts
📉 NegativeMorgan Stanley Upgrades L3Harris Technologies to Overweight, Raises Price Target to $367
📈 PositiveCitigroup Initiates Coverage On L3Harris Technologies with Buy Rating, Announces Price Target of $331
📈 PositiveL3Harris Technologies shares are trading higher after the company announced that it has been awarded a follow-on production contract valued up to $200 million to manufacture Guided Multiple Launch Rocket System Insensitive Munition propulsion units.
📈 PositiveL3Harris Has Been Awarded A Follow-on Production Contract Valued Up To $200M To Manufacture Guided Multiple Launch Rocket System Insensitive Munition Propulsion Units
📈 PositiveL3Harris Breaks Ground On Arkansas Advanced Propulsion Facilities; Of The More Than $400M Investment In The Campus, The Co Plans To Spend $193M With Arkansas Businesses; Says 'Overall, The Company Is Investing More Than Half-A-Billion Dollars At Its Major Solid Rocket Motor Sites Across The Country'
📈 PositiveL3Harris And EDGE Group Sign MoU To Further UAE Collaboration
📈 PositiveJoby Aviation, L3Harris Technologies complete test flight of hybrid VTOL aircraft
📈 PositiveLive On CNBC, Josh Brown Hosts Segment Titled "Best Stocks In The Market: L3Harris Technologies; General Dynamics; RTX "
📈 PositiveJP Morgan Maintains Overweight on L3Harris Technologies, Raises Price Target to $340
📈 PositiveUBS Maintains Neutral on L3Harris Technologies, Raises Price Target to $323
➖ NeutralL3Harris Technologies are trading higher after reporting better-than-expected Q3 financial results and raising its FY2025 Adj EPS and sales guidance.
📈 PositiveL3Harris Technologies Raises FY2025 Adj EPS Guidance from $10.40-$10.60 to $10.50-$10.70 vs $10.55 Est; Raises FY2025 Sales Guidance from $21.750B to $22.000B vs $21.769B Est
📈 PositiveL3Harris Technologies Q3 Adj. EPS $2.70 Beats $2.58 Estimate, Sales $5.659B Beat $5.519B Estimate
📈 PositiveL3Harris Technologies Selected By South Korea's Air Force To Develop Its Airborne Warning And Control Aircraft In $2.3B Deal
📈 PositiveReported Sunday, Republic Of Korea Awards $2.26B Contract To L3Harris For Advanced AEW&C Aircraft Based On Bombardier Global 6500
📈 PositiveL3Harris Technologies shares are trading lower despite multiple firms raising their pierce targets on the stock.
📉 NegativeTruist Securities Maintains Buy on L3Harris Technologies, Raises Price Target to $353
📈 PositiveFrequently Asked Questions about LHX
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