L3Harris rises after raising annual revenue and profit forecasts
LHX•L3Harris raised the lower end of its 2026 revenue outlook to $23.5 billion from $23.2 billion and increased its profit forecast to $12.25-$12.35 per share. Third-quarter EPS of $3.28 and revenue of $6.06 billion topped analyst expectations.
1. Forecasts raised
L3Harris raised its full-year revenue outlook to $23.5 billion-$23.7 billion from $23.2 billion-$23.7 billion and its profit forecast to $12.25-$12.35 per share from $11.80-$12.00. Third-quarter EPS was $3.28, above the $2.94 analyst estimate, while revenue of $6.06 billion exceeded the $5.91 billion estimate.
2. Investment priorities
CEO Sam Mehta said the company will continue investing in missile systems, space, communications and sensing capabilities. L3Harris shares rose about 4% in premarket trading; the stock was down about 11.3% year to date as of the prior close.
