L3Harris Technologies beats street views, raises guidance as backlog hits record $53.2B

What happened: L3Harris Technologies ($LHX) reported Q3 GAAP EPS of $3.28 and revenue of $6.1B, both above street views, and raised its FY2026 guidance. Key numbers: EPS $3.28 beat by $0.33. Revenue $6.1B, up 7.0% Y/Y, beat by $160M. FY2026 revenue guidance raised to $23.5B to $23.7B; GAAP EPS guidance raised to $12.25 to $12.35. Free cash flow guidance remains $3B. Operating margin 13.0%, up 200 basis points. Why it matters: The raised outlook and record backlog point to continued order momentum, with Missile Solutions book-to-bill at 11.8x. Free cash flow rose 195% Y/Y to $1.3B. Market: +0.5% today ($260.61), -13.8% YTD, 1.0x vol — as of 11:00 UTC Verified: Q3_2026 (Oct 29) revenue $6.0B vs $6.0B est; next print ~Jan 28

L3Harris Technologies ($LHX) reported Q3 GAAP EPS of $3.28 and revenue of $6.1B, both above street views, and raised its FY2026 guidance.

The raised outlook and record backlog point to continued order momentum, with Missile Solutions book-to-bill at 11.8x. Free cash flow rose 195% Y/Y to $1.3B. Market: +0.5% today ($260.61), -13.8% YTD, 1.0x vol — as of 11:00 UTC Verified: Q3_2026 (Oct 29) revenue $6.0B vs $6.0B est; next print ~Jan 28