L3Harris Technologies reported fourth-quarter results that produced mixed outcomes. The company posted adjusted earnings of $2.86 per share, exceeding analyst estimates of $2.76 per share. However, quarterly revenue of $5.65 billion fell short of estimates of $5.77 billion. A prolonged U.S. government shutdown delayed contract awards and impacted the company's space systems business during the quarter. Most business segments missed revenue forecasts, though the integrated mission systems unit generated $1.72 billion, surpassing the $1.64 billion estimate. The company issued 2026 revenue guidance of $23.0 to $23.5 billion. Royal Bank of Canada raised its price target to $365.00 while maintaining a sector perform rating. The stock declined following the earnings announcement despite the earnings beat, primarily due to the revenue miss and guidance concerns.
Read full analysisL3Harris Technologies reported fourth-quarter results that produced mixed outcomes. The company posted adjusted earnings of $2.86 per share, exceeding analyst estimates of $2.76 per share. However, quarterly revenue of $5.65 billion fell short of estimates of $5.77 billion. A prolonged U.S. government shutdown delayed contract awards and impacted the company's space systems business during the quarter. Most business segments missed revenue forecasts, though the integrated mission systems unit generated $1.72 billion, surpassing the $1.64 billion estimate. The company issued 2026 revenue guidance of $23.0 to $23.5 billion. Royal Bank of Canada raised its price target to $365.00 while maintaining a sector perform rating. The stock declined following the earnings announcement despite the earnings beat, primarily due to the revenue miss and guidance concerns.
L3Harris Technologies Inc. (LHX) is a publicly traded company in the Industrials sector.