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L3Harris Technologies (LHX) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · L3Harris Technologies (LHX) Q3 2026 earnings results →

Q3 2026 Revenue up 7% year over year to $6.1B · 10¢ of every $1 of revenue kept as net profit · operating margin 13.0%

L3Harris Technologies made $6.1B in Q3 2026 (+7% Y/Y). Operating margin 13.0%, net earnings $632M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.

Revenue$6.1B
Year over year+7%
Operating margin13.0%
Net earnings$632M
Operating cash flow$1.4B

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L3Harris Technologies Q3 2026 revenue breakdown: Sankey diagram of revenue, costs, profit and cash flow
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What changed this quarter

Revenue was $6.1B in Q3 2026, up 7% year over year and up 3% from the previous quarter.

Operating profit was $0.79B, a 13.0% margin (up 2.0 points year over year). Of the extra revenue versus Q3 2025, 41% reached operating profit, above the 11% margin then. Total costs grew 5% against revenue growth of 7%. Net earnings were $0.63B, up 37% year over year. The effective tax rate was 14.9%.

Operating cash flow was $1.4B (up 164% year over year), 228% of net earnings. Non-cash charges added back $0.27B of depreciation and amortization. Working capital and other items added $0.54B. After capital expenditures ($0.18B), free cash flow 1 as the company reports it was $1.3B.

Quarterly history

L3Harris Technologies revenue by quarterL3Harris Technologies revenue by quarter$5.1BQ1 2025$5.4BQ2 2025$5.7BQ3 2025$21.9BQ4 2025$5.7BQ1 2026$5.9BQ2 2026$6.1BQ3 2026
L3Harris Technologies net earnings by quarterL3Harris Technologies net earnings by quarter$386MQ1 2025$458MQ2 2025$462MQ3 2025$300MQ4 2025$512MQ1 2026$600MQ2 2026$632MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QOct 29, 2026$6.1B+7%13.0%$632M$1.4B
Q2 202610-QJul 30, 2026$5.9B+8%11.1%$600M$879M
Q1 202610-QApr 30, 2026$5.7B+12%11.4%$512M−$95.0M
Q4 202510-KFeb 12, 2026$21.9B+296%1.8%$300M$2.0B
Q3 202510-QOct 30, 2025$5.7B+7%11.0%$462M$546M
Q2 202510-QJul 24, 2025$5.4B+2%10.5%$458M$640M
Q1 202510-QApr 24, 2025$5.1B-2%10.2%$386M−$42.0M

Charts

L3Harris Technologies: revenue growth, year over year and quarter over quarterL3Harris Technologies: revenue growth, year over year and quarter over quarterY/YQ/Q-2%Q1 2025+2%+6%Q2 2025+7%+4%Q3 2025+296%+286%Q4 2025+12%-74%Q1 2026+8%+2%Q2 2026+7%+3%Q3 2026
Latest (Q3 2026): Y/Y +7%, Q/Q +3%.
L3Harris Technologies: where the cash came from (+) and went (−), TTM to Q3 2026L3Harris Technologies: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$4.2BCash drawn (+) / kept (−)−$2.1BOther financing$994MDividends−$929MNet borrowing (+) / repaid (−)−$844MBuybacks−$754MCapital spending−$544MAsset & business sales$528MOther investing−$506MNot reconciled$2.0M
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
L3Harris Technologies: profit against cash, quarter by quarterL3Harris Technologies: profit against cash, quarter by quarterNet incomeOperating cash flow$453M$1.1BQ4 2024$386M−$42.0MQ1 2025$458M$640MQ2 2025$462M$546MQ3 2025$300M$2.0BQ4 2025$512M−$95.0MQ1 2026$600M$879MQ2 2026$632M$1.4BQ3 2026
Latest (Q3 2026): Net income $632M, Operating cash flow $1.4B.
L3Harris Technologies: diluted shares by fiscal yearL3Harris Technologies: diluted shares by fiscal year216MFY2020203MFY2021194MFY2022191MFY2023191MFY2024188MFY2025
-12.7% since FY2020: buybacks shrank the count.
L3Harris Technologies in its industry: growth against margin (11 companies, SIC 3812)L3Harris Technologies in its industry: growth against margin (11 companies, SIC 3812)revenue growth, year over year →↑ operating marginmedian +9%median 11%NOCGRMNTDYDRSLUNRLYNXCODAMINDNNAERGLHX (+7%, 13%)
Search, Detection, Navigation, Guidance, Aeronautical Sys; dot size is quarterly revenue; dashed lines are the industry's medians.

In supply chains and themes

Defense, drones & government tech money flowDefense, drones & government tech · Primes

Interactive views

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💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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Customers and suppliers named in filings

Buys from

L3Harris Technologies against its Search, Detection, Navigation, Guidance, Aeronautical Sys peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +7% against the peers' median +9%. Operating margin: 13.0% against the peers' median 11.4%.

CompanyQuarterRevenueY/YOp. margin
LHX L3Harris TechnologiesQ3 2026$6.1B+7%13.0%
NOC Northrop GrummanQ3 2026$11.1B+7%11.4%
GRMN GarminQ3 2026$2.0B+12%30.8%
TDY Teledyne TechnologiesQ3 2026$1.7B+9%20.6%
DRS Leonardo DRSQ3 2026$1.1B+11%10.9%
LUNR Intuitive MachinesQ2 2026$206M+310%-22.9%
LYNX LyntrisQ3 2026$194M+90%5.7%
CODA Coda Octopus GroupQ3 FY26$7.7M+9%19.9%
MIND Mind TechnologyQ2 FY27$5.6M-58%-31.9%

Source: L3Harris Technologies 10-Q on SEC EDGAR · CIK 202058 · Search, Detection, Navigation, Guidance, Aeronautical Sys

Guidance and outlook

L3Harris Technologies Revenue: guidance against what was reportedL3Harris Technologies Revenue: guidance against what was reportedguided rangereported (above / within / below)FY2024$21.3BFY2026
Met or beat 1 of 1 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
L3Harris Technologies: what its forward-looking statements are about (10-Q filed 2026-10-29)L3Harris Technologies: what its forward-looking statements are about (10-Q filed 2026-10-29)Other3Demand2Tax1Financing1Buybacks & dividends1Capital spending1
9 statements; tone +0.11 (−1 all cautious, +1 all confident); 2 hedged.
L3Harris Technologies: outlook statements against the filing beforeL3Harris Technologies: outlook statements against the filing beforeNew2Updated1Dropped2Confident1

13F: who owns LHX and who is buying

Largest holders of LHX (13F)Largest holders of LHX (13F)Vanguard Group$6.9BBlackRock$5.5BVanguard Capital Management LLC$3.5BVanguard Portfolio Management LLC$2.8BState Street$2.6BCapital World Investors$1.9BGeode Capital Management, LLC$1.5BWellington Management Group LLP$1.4BWells Fargo$1.3BMorgan Stanley$1.1B
Funds' net buying of LHX by quarter (13F)Funds' net buying of LHX by quarter (13F)−$274M2024-09$188M2024-12$164M2025-03$668M2025-06−$788M2025-09$78.2M2025-12−$250M2026-03−$483M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on LHX

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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中文版:L3Harris Technologies(LHX)财报

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