Analysts expect L3Harris Technologies to report Q3 2026 revenue of $5.92 billion and earnings per share of $3.00, while the stock currently trades at $258.85, notably below the average analyst price target of $316.65.
The primary story for this report is the company’s ability to continue expanding segment operating margins, particularly within its Space & Mission Systems division. Investors are closely monitoring the conversion of the company's record $42 billion backlog into realized revenue as global defense spending remains elevated.
Management’s ability to navigate persistent labor cost inflation and supply chain disruptions will be critical to sustaining its multi-quarter streak of margin expansion.