L3Harris Technologies releases third quarter results in earnings statement
L3Harris Technologies releases third quarter results in earnings statement
L3Harris Technologies, Inc. (NYSE:LHX) released its financial results for the third quarter on Thursday, according to a statement submitted to the Securities and Exchange Commission. The company provided its earnings release and an appendix as part of the filing. The aerospace and defense company, with a market cap of $48.5 billion, has demonstrated solid fundamentals with revenue of $22.93 billion over the last twelve months and 7.29% revenue growth. According to InvestingPro analysis, the stock appears undervalued at current levels, making it one to watch on the platform’s most undervalued stocks list.
The documents referenced in the filing include the earnings release and appendix, which were furnished as Exhibits 99.1 and 99.2, respectively. Details of the financial performance for the quarter were not included in the SEC filing itself, but are available in the referenced exhibits.
L3Harris Technologies is incorporated in Delaware and is headquartered in Melbourne, Florida. The company’s common stock is traded on the New York Stock Exchange under the ticker symbol LHX.
This information is based on a press release statement included in the company’s SEC filing.
In other recent news, L3Harris Technologies reported impressive second-quarter 2026 earnings, with adjusted earnings per share reaching $3.13, surpassing Wall Street’s forecast of $2.80. The company also exceeded revenue expectations, posting $5.9 billion compared to the anticipated $5.81 billion, marking an 8% increase from the previous year. Additionally, L3Harris secured a significant $876.4 million contract modification from the U.S. Department of War to advance the Next Generation Jammer Low Band system, which includes system development and cybersecurity enhancements for the U.S. Navy and Royal Australian Air Force.
Analyst firms have expressed varied opinions on L3Harris’s prospects. Guggenheim initiated coverage with a buy rating, highlighting the company’s potential to benefit from increased global defense spending. In contrast, Jefferies assumed coverage with a hold rating, citing uncertainties related to leadership changes and the unclear path for a planned Missile Solutions initial public offering. These developments reflect the diverse perspectives on L3Harris’s future trajectory in the defense sector.
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