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L3Harris reported Q1 2026 revenue of $5.744 billion, up 12% year-over-year (15% organically), driven by growth across all three segments. GAAP diluted EPS rose 33% to $2.72. Operating margin improved 120 bps to 11.4%, and segment operating margin was 15.7%, up 10 bps. Orders totaled $7.8 billion for a 1.4x book-to-bill, pushing backlog to a record $40.7 billion. Space Mission Systems revenue grew 24% on classified and international aircraft programs; Communication Spectrum Dominance rose 3% on night vision and jammer programs; Missile Solutions increased 18% on higher munitions production. Cash used in operations was $(95) million, impacted by timing of receipts and disbursements. The company updated its full-year 2026 GAAP diluted EPS guidance to $11.40–$11.60 (prior $11.30–$11.50) and maintained revenue guidance of $23B–$23.5B.
Full-year 2026 revenue $23B–$23.5B; GAAP diluted EPS $11.40–$11.60; segment operating margin low 16%; free cash flow ~$3.0B
Software-defined, MUOS-ready multiband manpack radio providing simultaneous narrowband and wideband SATCOM voice and data in a form factor 30% smaller and 35% lighter than predecessors. Operates across VHF/UHF/L-band; supports BLOS communications via MUOS satellite network. The standard tactical radio for US and allied special operations, Army, and Marine Corps forces globally.
Family of precision electro-optical/infrared imaging and targeting turrets—MX-8 through MX-25—used on over 260 platform types including fixed-wing, rotary-wing, UAV, and aerostat. Provides persistent surveillance, reconnaissance, and target designation from standoff distances. MX-20 optimized for high-altitude, long-range ISR; MX-20D adds laser designation for air-to-ground strike. Used by US and allied militaries worldwide.
L3Harris designs and manufactures satellite payloads for missile warning, missile tracking, and space domain awareness—including sensors for the Space Force Next-Generation Overhead Persistent Infrared (Next-Gen OPIR) satellite constellation. Provides ground systems for space command and control and tracking; critical to the US nuclear early warning and space surveillance architecture.
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