L3Harris Q4 adjusted EPS beats estimates
Overview
Defense contractor's Q4 revenue missed analyst expectations, adjusted EPS beat estimates
Company reported strong organic growth and record orders in 2025
Company confident in delivering strong 2026 results due to record backlog
Outlook
L3Harris projects 2026 revenue between $23 bln and $23.5 bln
Company expects 2026 diluted EPS between $11.30 and $11.50
L3Harris anticipates 2026 free cash flow of $3 bln
Result Drivers
RECORD ORDERS - L3Harris reported record orders in 2025, driven by alignment with critical defense priorities and increased customer urgency, per CEO Christopher Kubasik
ORGANIC GROWTH - Co's Q4 revenue increased 6% organically, driven by new program ramps and international deliveries, despite a government shutdown delaying some awards
COST SAVINGS - Adjusted segment operating margin improved due to cost savings from LHX NeXt initiatives, despite impacts from business divestitures
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Miss | $5.60 bln | $5.78 bln (16 Analysts) |
Q4 Adjusted EPS | Beat | $2.86 | $2.76 (16 Analysts) |
Q4 EPS |
| $1.59 |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 16 "strong buy" or "buy", 5 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy"
Wall Street's median 12-month price target for L3Harris Technologies Inc is $370.00, about 2.7% above its January 28 closing price of $360.30
The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 26 three months ago
Press Release: ID:nBw6mMSsPa
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
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