L3Harris earnings: October 29, 2026

MyStockButler's October 2026 analysis: L3Harris’s next results are expected on October 29, 2026. Watch second-half cash generation against the full-year free-cash-flow target.

What has L3Harris guided for full-year 2026?

On July 29, L3Harris raised its full-year 2026 revenue forecast to $23,200–$23,700 million and diluted EPS to $11.80–$12.00. EPS is profit attributable to each share, including the possible effect of securities that could become shares. At the midpoint, the forecast implies 9.0% organic growth, meaning growth from the existing business after removing acquisitions, disposals and currency effects. Sam Mehta became chief executive in August 2026 and reaffirmed the commitments.

Management also promised $3,600 million of operating cash for full-year 2026, less $600 million of capital expenditure. That leaves a free-cash-flow target of $3,000 million. Free cash flow measures cash left after investment, while EPS measures accounting profit. In the second quarter of 2026, free cash flow was $771 million, showing why the cash promise deserves its own test.

Did L3Harris keep its past promises?

The earlier promises show progress but not a perfect record. The December 2023 plan called for US$23 billion of revenue and a 16% segment margin through 2026. Fiscal 2025 revenue was US$21.9 billion and adjusted segment margin was 15.8%; the company met its free-cash-flow target. The missile IPO also moved from the earlier timetable to reconsideration in mid-2027.

What has L3Harris reported in recent quarters?

The July 2026 quarter showed broad operating improvement, although investment gains helped earnings grow faster than operating profit.

Revenue for the quarter ending July 3 was $5,881 million, up from $5,426 million a year earlier. Operating income rose to $654 million, while gross margin improved to 25.5%. Orders reached $7.3 billion, producing a 1.2x book-to-bill ratio and $42 billion of contractual backlog.