Equity Profile

LHX

L3Harris Technologies, Inc.

IndustrialsAerospace & Defense$58.7B

Jul24Fri

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

L3Harris Technologies, Inc. (LHX) operates in the aerospace and defense sector, providing advanced communication and electronic systems....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well the company is managing costs and generating income.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its business and capture market share, which is vital in the competitive defense sector.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

LHX Q2-2026 Earnings Preview

Context

Company Snapshot

L3Harris Technologies, Inc. (LHX) operates in the aerospace and defense sector, providing advanced communication and electronic systems. As a key player in defense technology, its performance is closely tied to government spending and global security trends.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+4.71%

Avg Stock Reaction

+0.62%

Last Quarter Recap

In Q1-2026, L3Harris reported an EPS of $2.72, exceeding expectations by 7.55%. However, the stock experienced a slight decline of 0.26% the following day.

Management Promises & Guidance

Continued focus on innovation in defense technologies.
Commitment to maintaining strong profit margins.
Plans to enhance operational efficiencies.

Expectations

Wall Street Expectations

Investors are cautiously optimistic about L3Harris's upcoming earnings, given its consistent EPS beats in previous quarters. However, concerns about potential revenue growth may temper enthusiasm.

Bull Case

If L3Harris continues its trend of beating EPS estimates and shows strong revenue growth, it could signal robust demand for its products, leading to a positive market reaction.

Bear Case

On the other hand, if revenue growth falls short or if there are signs of increased competition, it could lead to a negative reassessment of the stock.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported revenue growth rate this quarter?

Revenue growth is crucial for assessing the company's market position and future prospects, especially in a competitive industry.

How does L3Harris plan to address potential supply chain challenges?

Supply chain issues can significantly impact production and delivery timelines, affecting overall performance and investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating L3Harris's ability to capitalize on defense spending increases, particularly in emerging technologies.

Supporting Evidence

The company has consistently beaten EPS estimates, indicating strong operational execution.

Recent government budgets suggest increased funding for defense projects, which could benefit L3Harris.

Options pricing suggests a conservative outlook, which may not reflect the company's potential upside.

Key Risk

If revenue growth comes in below 2%, it could undermine the bullish sentiment surrounding defense spending.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on L3Harris's ability to maintain growth amid industry challenges.

Bull Confirmed If

A revenue growth rate of over 5% would confirm strong demand and operational efficiency.

Bear Confirmed If

If revenue growth is below 2%, it could indicate weakening market conditions or increased competition.

Pre-Earnings Positioning

Options Market

Implied Move

±2.18%

Historical Avg

±1.2%

Pricing rich

The options market is pricing in a modest move around the earnings report, suggesting that investors expect some volatility but not a dramatic shift.

Options are pricing ±2.2% while LHX has averaged ±1.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

24.4%

Calls (26K)P/C Ratio: 0.78Puts (4K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If L3Harris beats expectations, history suggests a potential average one-day move of +0.62%, confirming strong demand.

In-Line / Cautious

An in-line report could lead to muted reactions as investors await further clarity on growth prospects.

Miss

A miss could lead to a decline, with historical patterns suggesting an average one-day move of -0.26%.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

R-GARichard Dean Dr McCormickRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on government contracts and their impact on revenue.
2Any commentary on supply chain management and its effects on production.
3Insights into new product developments and technological advancements.
4Management's outlook on defense spending trends and market conditions.
5Details on operational efficiencies and cost management strategies.

See the full picture

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Company Snapshot

L3Harris Technologies, Inc. (LHX) operates in the aerospace and defense sector, providing advanced communication and electronic systems....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical measure of profitability and will indicate how well the company is managing costs and generating income.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its business and capture market share, which is vital in the competitive defense sector.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

LHX Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+4.71%

Avg Stock Reaction

+0.62%

Last Quarter Recap

In Q1-2026, L3Harris reported an EPS of $2.72, exceeding expectations by 7.55%. However, the stock experienced a slight decline of 0.26% the following day.

Management Promises & Guidance

Continued focus on innovation in defense technologies.
Commitment to maintaining strong profit margins.
Plans to enhance operational efficiencies.

Expectations

Wall Street Expectations

Investors are cautiously optimistic about L3Harris's upcoming earnings, given its consistent EPS beats in previous quarters. However, concerns about potential revenue growth may temper enthusiasm.

Bull Case

If L3Harris continues its trend of beating EPS estimates and shows strong revenue growth, it could signal robust demand for its products, leading to a positive market reaction.

Bear Case

On the other hand, if revenue growth falls short or if there are signs of increased competition, it could lead to a negative reassessment of the stock.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the reported revenue growth rate this quarter?

Revenue growth is crucial for assessing the company's market position and future prospects, especially in a competitive industry.

How does L3Harris plan to address potential supply chain challenges?

Supply chain issues can significantly impact production and delivery timelines, affecting overall performance and investor confidence.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating L3Harris's ability to capitalize on defense spending increases, particularly in emerging technologies.

Supporting Evidence

The company has consistently beaten EPS estimates, indicating strong operational execution.

Recent government budgets suggest increased funding for defense projects, which could benefit L3Harris.

Options pricing suggests a conservative outlook, which may not reflect the company's potential upside.

Key Risk

If revenue growth comes in below 2%, it could undermine the bullish sentiment surrounding defense spending.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

This quarter's performance will hinge on L3Harris's ability to maintain growth amid industry challenges.

Bull Confirmed If

A revenue growth rate of over 5% would confirm strong demand and operational efficiency.

Bear Confirmed If

If revenue growth is below 2%, it could indicate weakening market conditions or increased competition.

Pre-Earnings Positioning

Options Market

Implied Move

±2.18%

Historical Avg

±1.2%

Pricing rich

The options market is pricing in a modest move around the earnings report, suggesting that investors expect some volatility but not a dramatic shift.

Options are pricing ±2.2% while LHX has averaged ±1.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

24.4%

Calls (26K)P/C Ratio: 0.78Puts (4K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If L3Harris beats expectations, history suggests a potential average one-day move of +0.62%, confirming strong demand.

In-Line / Cautious

An in-line report could lead to muted reactions as investors await further clarity on growth prospects.

Miss

A miss could lead to a decline, with historical patterns suggesting an average one-day move of -0.26%.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

R-GARichard Dean Dr McCormickRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Updates on government contracts and their impact on revenue.
2Any commentary on supply chain management and its effects on production.
3Insights into new product developments and technological advancements.
4Management's outlook on defense spending trends and market conditions.
5Details on operational efficiencies and cost management strategies.