L3Harris Technologies, Inc. Q3 2026 Earnings Recap

L3Harris shares rose 6.8% after the company reported 9% organic revenue growth, 33% EPS growth, and a record $53 billion backlog. The positive reaction aligns with strong quarterly cash generation and substantial missile-program awards, though the excerpt does not include the full updated guidance or outlook.

Key Takeaways

• Organic revenue increased 9% year over year despite one fewer week in the quarter; EPS was $3.28, up 33%.
• Free cash flow reached $1.3 billion, up 195%, and book-to-bill was 3.2, lifting backlog to a record $53 billion.
• Missile Solutions booked $11 billion of contractual backlog, tied to PAC-3 and THAAD; management said PAC-3 solid rocket motor deliveries doubled from last year and are expected to double again in 2027.
• The company plans to triple THAAD solid rocket motor deliveries in 2027 versus 2026 and said its Arkansas facilities are expected to increase large solid rocket motor manufacturing capacity sixfold.
• Space investments include roughly $175 million in R&D over three years; the company also cited a $955 million AMDT3 award and an $876 million Next Gen Jammer low-band contract.