Global Finance News
30 Apr 2026, 20:44
L3Harris Technologies reported strong first-quarter 2026 results, driven by robust demand across defense programs and solid execution.
Revenue increased 12% year-over-year to $5.7 billion (15% organically), while orders reached $7.8 billion, resulting in a strong book-to-bill ratio of 1.4 and pushing backlog to a record $40.7 billion.
Profitability improved, with operating margin rising to 11.4% (+120 basis points) and GAAP EPS jumping 33% to $2.72. Segment operating margin also edged higher to 15.7%.
The company highlighted strong alignment with evolving defense needs, benefiting from increased global demand and modernization efforts. Management expressed confidence in continued growth, updating its 2026 EPS guidance and reaffirming progress toward its longer-term financial targets.
Source: Company press release
Revenue increased 12% year-over-year to $5.7 billion (15% organically), while orders reached $7.8 billion, resulting in a strong book-to-bill ratio of 1.4 and pushing backlog to a record $40.7 billion.
Profitability improved, with operating margin rising to 11.4% (+120 basis points) and GAAP EPS jumping 33% to $2.72. Segment operating margin also edged higher to 15.7%.
The company highlighted strong alignment with evolving defense needs, benefiting from increased global demand and modernization efforts. Management expressed confidence in continued growth, updating its 2026 EPS guidance and reaffirming progress toward its longer-term financial targets.
Source: Company press release