L3Harris Technologies (LHX) Q2 FY2026 earnings: revenue $5.9 billion, up 8.4% on the year

L3Harris Technologies, Inc. (LHX) reported revenue of $5.9 billion for Q2 FY2026, the quarter ended 3 July 2026, up 8.4% on the same quarter a year earlier. Net income was $600 million, up 31.0% on the year, and diluted earnings per share $3.13. The figures are the company's own, from the 10-Q it filed with the SEC on 30 July 2026.

Revenue

$5.9 billion

+8.4% on the year · +2.4% on the quarter

Q3 FY2024Q2 FY2026

Operating margin

11.1%

10.5% a year earlier

Q3 FY2024Q2 FY2026

Net income

$600 million

+31.0% on the year · +17.2% on the quarter

Q3 FY2024Q2 FY2026

Diluted EPS

$3.13

+28.3% on the year · +15.1% on the quarter

Q3 FY2024Q2 FY2026

this quarterthe same quarter a year earlierHover a bar for its figure.

What management said

Guidance figures: 3 raised, 4 kept.

Revenue rose 8% on new starts: Revenue of $5,881 million rose $455 million, or 8%, from growth in all segments on new program starts and execution against record backlog. Year-to-date revenue was $11,625 million.
Full-year revenue and EPS guidance raised: Management increased 2026 guidance for consolidated revenue and diluted EPS. The new ranges appear in the summary financial results table.
Diluted EPS up 28% to $3.13: Diluted EPS was $3.13 against $2.44. The company cites higher volume, program performance and lower corporate and other expense, partly offset by lower net asset and investment gains.

Read the earnings call summary

Income statement (profit and loss)

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Revenue	5,881	5,744	5,426	+2.4%	+8.4%
Cost of revenue	4,379	4,342	4,091	+0.9%	+7.0%
Gross profit	1,502	1,402	1,335	+7.1%	+12.5%
Gross margin	25.5%	24.4%	24.6%
Selling, general and administrative	848	750	764	+13.1%	+11.0%
Operating income	654	652	571	+0.3%	+14.5%
Operating margin	11.1%	11.4%	10.5%
Interest expense	129	136	152	-5.1%	-15.1%
Pre-tax income	710	589	524	+20.5%	+35.5%
Income tax	110	77.0	66.0	+42.9%	+66.7%
Effective tax rate	15.5%	13.1%	12.6%
Net income	600	512	458	+17.2%	+31.0%
Net margin	10.2%	8.9%	8.4%
Diluted EPS	$3.13	$2.72	$2.44	+15.1%	+28.3%

$ million except per share.

Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Operating cash flow	879	-95.0	640		+37.3%
Capital expenditure	108	99.0	88.0	+9.1%	+22.7%
Free cash flow	771	-194	552		+39.7%
Free cash flow margin	13.1%	-3.4%	10.2%
Cash from investing	-114	-97.0	-78.0
Cash from financing	167	-284	-610
Depreciation and amortisation	288	282	303	+2.1%	-5.0%
Share-based compensation	28.0	21.0	29.0	+33.3%	-3.4%
Buybacks	229	296	253	-22.6%	-9.5%
Dividends paid	232	238	225	-2.5%	+3.1%
Dividend per share	$1.25	$1.25	$1.20	0.0%	+4.2%
Diluted shares, weighted	187m	188m	188m	-0.4%	-0.3%
Shares outstanding at period end	186m	187m	187m	-0.2%	-0.4%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet

$ million	Q2 FY2026	Q1 FY2026	Q2 FY2025	On the quarter	On the year
Shareholders' equity	19,882	19,680	19,278	+1.0%	+3.1%
Non-controlling interest	n/a	n/a	0.0
Redeemable equity	968	0.0	0.0
Debt	10,999	11,357	12,102	-3.2%	-9.1%
Other liabilities	11,089	10,343	9,860	+7.2%	+12.5%
Total liabilities and equity	42,938	41,380	41,240	+3.8%	+4.1%
Goodwill	19,996	19,999	20,372	-0.0%	-1.8%
Intangible assets	6,540	6,331	7,261	+3.3%	-9.9%
Cash and equivalents	1,521	590	482	+157.8%	+215.6%
Receivables	1,950	1,912	1,437	+2.0%	+35.7%
Inventory	1,272	1,234	1,258	+3.1%	+1.1%
Other assets	11,659	11,314	10,430	+3.0%	+11.8%
Total assets	42,938	41,380	41,240	+3.8%	+4.1%

Questions

What was L3Harris Technologies' revenue in Q2 FY2026?

L3Harris Technologies (LHX) reported revenue of $5.9 billion for Q2 FY2026, the quarter ended 3 July 2026, up 8.4% on the same quarter a year earlier.

How much did L3Harris Technologies earn in Q2 FY2026?

Net income for Q2 FY2026 was $600 million, up 31.0% on the year, and diluted earnings per share $3.13.

When did L3Harris Technologies report Q2 FY2026 results?

L3Harris Technologies filed its 10-Q for the quarter ended 3 July 2026 with the SEC on 30 July 2026.

Quarterly results, the last 20 quarters

	Q4 FY2021 *	Q1 FY2022 †	Q2 FY2022	Q3 FY2022	Q4 FY2022 * †	Q1 FY2023	Q2 FY2023 †	Q3 FY2023	Q4 FY2023 * †	Q1 FY2024 †	Q2 FY2024	Q3 FY2024	Q4 FY2024 * †	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026	Q3 FY2026
Revenue	4,350	4,103	4,135	4,246	4,578	4,471	4,693	4,915	5,340	5,211	5,299	5,292	5,523	5,132	5,426	5,659	5,648	5,744	5,881	6,060
Cost of revenue	3,053	2,860	2,907	3,052	3,316	3,305	3,506	3,608	3,887	3,863	3,939	3,873	4,126	3,782	4,091	4,165	4,202	4,342	4,379	4,448
Gross profit	1,297	1,243	1,228	1,194	1,262	1,166	1,187	1,307	1,453	1,348	1,360	1,419	1,397	1,350	1,335	1,494	1,446	1,402	1,502	1,612
Gross margin	30%	30%	30%	28%	28%	26%	25%	27%	27%	26%	26%	27%	25%	26%	25%	26%	26%	24%	26%	27%
SG&A	795	745	744	742	799	773	787	828	878	970	884	924	790	825	764	873	968	750	848	826
Operating income	n/a	n/a	n/a	n/a	n/a	393	400	479	154	378	476	495	569	525	571	621	393	652	654	786
Operating margin	n/a	n/a	n/a	n/a	n/a	9%	9%	10%	3%	7%	9%	9%	10%	10%	11%	11%	7%	11%	11%	13%
Interest expense	n/a	n/a	n/a	n/a	n/a	n/a	n/a	159	n/a	n/a	n/a	166	675	150	152	152	143	136	129	116
Pre-tax income	588	536	525	-321	533	373	372	400	76.0	290	390	430	487	459	524	567	382	589	710	743
Tax rate	18%	11%	10%	n/a	22%	9%	6%	4%	-66%	2%	6%	6%	6%	16%	13%	19%	21%	13%	15%	15%
Net income	484	475	471	-300	416	337	349	383	158	283	366	400	453	386	458	462	300	512	600	632
Net margin	11%	12%	11%	-7%	9%	8%	7%	8%	3%	5%	7%	8%	8%	8%	8%	8%	5%	9%	10%	10%
Diluted EPS	$2.44	$2.44	$2.42	-$1.56	$2.19	$1.76	$1.83	$2.02	$0.83	$1.48	$1.92	$2.10	$2.37	$2.04	$2.44	$2.46	$1.59	$2.72	$3.13	$3.28
Operating cash flow	822	39.0	749	588	782	350	414	543	789	-104	754	780	1,129	-42.0	640	546	1,962	-95.0	879	1,439
Capital expenditure	135	55.0	62.0	64.0	71.0	71.0	93.0	148	137	115	97.0	78.0	118	59.0	88.0	119	158	99.0	108	179
Free cash flow	687	-16.0	687	524	711	279	321	395	652	-219	657	702	1,011	-101	552	427	1,804	-194	771	1,260
Buybacks	800	308	421	171	183	396	122	0.0	0.0	233	89.0	190	42.0	569	253	176	156	296	229	73.0
Dividends paid	199	218	217	215	214	220	216	216	216	224	221	220	221	228	225	225	225	238	232	234
Shares outstanding	194m	193m	192m	191m	191m	189m	189m	189m	190m	189m	190m	190m	190m	188m	187m	187m	187m	187m	186m	186m
Filing	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS, and its diluted share count where shown, are from the company's results press release for that quarter, checked against the company's filed figures or a second data source. A quarter marked † is shown as the company last restated it in a later filing, so it compares with the quarters around it on one basis; rest on a figure for the one first filed. EPS is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

10-Q for the period ended 3 July 2026, filed 30 July 2026: the filing.