LHXL3harris Technologies, Inc.
L3Harris Technologies, Inc. (LHX) sells advanced aerospace and defense systems, including satellite tracking, missile defense, and secure communications. The next catalyst is Feb 9, 2027 — Q4 2026 Earnings Release, which will test the company’s ability to sustain revenue growth and deliver guidance that aligns with its $248.29 anchor price.
- LHX operates in a sector with high barriers to entry, but its growth is increasingly dependent on government contracts and satellite-related innovation.
- Free cash flow has been consistently strong, but net margins remain under pressure from R&D and capital expenditures.
- The company has sold off parts of its commercial space division, signaling a strategic shift toward defense and missile systems.
The Read
9% after beating Q4 2025 earnings but missing market expectations on 2026 guidance, then dropped further to the bear floor before rallying 5%.
The schedule
- Tue9Feb
Earnings release for Q4 2026, with guidance on future performance and potential contract wins.
- Thu29Apr
Earnings release for Q1 2027, with focus on new defense contracts and operational efficiency.
- Thu29Jul
Earnings release for Q2 2027, with potential updates on major defense projects and R&D investments.
- Thu21Oct
Earnings release for Q3 2027, with focus on year-end contract renewals and performance metrics.
Past
- Thu30Jul
Actual outcome: Bull · $320.46 at outcome
L3Harris reported strong fundamental results, matching EPS estimates of $2.74 while delivering a 12% revenue increase, 120 bps of operating margin expansion, and a record $40.7 billion backlog. The company also advanced its strategic initiatives by securing a $1 billion Department of War investment and confidentially filing for its Missile Solutions IPO, confirming the bull thesis and keeping shares near the $320 bull target.
- Wed29Jul
Actual outcome: Bear · $277.86 at outcome
L3Harris Technologies reported its second-quarter 2026 financial results, generating $5.9 billion in revenue and diluted EPS of $3.13 alongside orders of $7.3 billion that expanded backlog to a record $42 billion. Despite top-line growth and margin expansion, the market reacted negatively following the report, driving a sharp downward move in the stock. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-03: -5.9% from 2026-06-17 (~3.7σ). Target date 2026-08-03 reached; move through 2026-08-03 observed.
L3Harris Technologies reported its second-quarter 2026 financial results, generating $5.9 billion in revenue and diluted EPS of $3.13 alongside orders of $7.3 billion that expanded backlog to a record $42 billion. Despite top-line growth and margin expansion, the market reacted negatively following the report, driving a sharp downward move in the stock. [Market retrospective · Ultra-Short (1–5 days)] Updated observation 2026-08-03: -5.9% from 2026-06-17 (~3.7σ). Target date 2026-08-03 reached; move through 2026-08-03 observed.
- Thu30Apr
Actual outcome: Bear · $308.62 at outcome
Price reached or fell below bear floor ($295.00) at outcome date.
- Thu12Feb
Actual outcome: Bear · $342.22 at outcome
LHX reported a Q4 EPS beat ($2.86 vs. $2.76 estimate), but the stock fell 3.9% and dropped below the bear floor, indicating a fundamental disappointment. Given the pre-event focus on high valuation and the quality of the backlog, the negative price action suggests that 2026 guidance, margin projections, or free cash flow conversion failed to meet the market's high expectations, overriding the headline earnings beat.
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