L3Harris Technologies stock posts 8.4 percent revenue growth

Published on 10/04/2026 at 20:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

L3Harris Technologies stock enters October after quarterly revenue reached USD 5.88 billion and adjusted EPS hit USD 3.13. The October 2 close was USD 236.60.

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L3Harris Technologies stock carries a quarterly revenue increase of 8.4 percent after the company reported USD 5.88 billion in sales and adjusted EPS of USD 3.13. The shares closed at USD 236.60 on the NYSE on October 2, 2026, down 0.76 percent, keeping the market debate centered on execution and valuation.

Quarterly earnings beat estimates

According to MarketBeat, L3Harris reported quarterly EPS of USD 3.13 against a USD 2.80 consensus estimate. Revenue of USD 5.88 billion also exceeded the USD 5.81 billion estimate, while fiscal 2026 EPS guidance remained USD 11.80-12.00.

The comparison is material because the prior-year quarter produced EPS of USD 2.78, according to MarketBeat. Operating data from the finance statements show USD 600.0 million in consolidated net income for the second quarter of 2026, compared with USD 512.0 million in the first quarter.

THAAD contract adds backlog visibility

L3Harris said on September 29, 2026, that it received an undefinitized Lockheed Martin contract valued at more than USD 6 billion over seven years for THAAD propulsion. The L3Harris release says the program will expand production of Solid Rocket Boost Motors and Liquid Divert and Attitude Control Systems.

The contract is strategically important, but its undefinitized status leaves final pricing, production schedules and margin details to be settled. That makes revenue visibility stronger than near-term profit visibility, particularly while the company expands manufacturing capacity.

Consensus target stays above the stock

MarketBeat reports a Moderate Buy consensus and an average price target of USD 355.92. Its analyst breakdown shows two Strong Buy ratings, eight Buy ratings and eight Hold ratings, while Wall Street Zen upgraded its view from Hold to Buy on October 4, 2026.

The target stands 50.4 percent above the October 2 closing price. That spread contrasts with the stock's 0.76 percent daily decline and its position only USD 2.59 above the 52-week low of USD 234.01.

Stock closes near yearly low

L3Harris stock closed at USD 236.60 on October 2, 2026, on NYSE volume of 1,526,324 shares. Its market capitalization was USD 44.1 billion, and the 52-week range was USD 234.01 to USD 379.23.