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L3Harris Technologies (LHX) reported its second-quarter results after Wednesday's closing bell, and the numbers were solid — earnings and revenue both beat expectations, and the company raised its forward guidance. Yet the stock dipped about 1% in after-hours trading. Sometimes the market just wants more.
Here's what came out of the report.
L3Harris posted adjusted earnings of $3.13 per share, easily clearing the analyst consensus of $2.80 — a beat of nearly 12%. Revenue hit $5.88 billion, also above the Street estimate of $5.81 billion.
The company highlighted several operational metrics:
CEO Christopher Kubasik credited the company's culture and early investments. "Our Trusted Disruptor culture, underpinned by early and strategic investments and leveraging our commercial business model, continues to deliver results," he said. "We deploy capabilities to support the warfighter's need to sense, connect and respond, addressing today's complex threat environment quickly and at scale."
Looking ahead, L3Harris raised its fiscal 2026 adjusted EPS guidance to a range of $11.80 to $12.00, up from the analyst estimate of $11.61. Revenue guidance was lifted to between $23.2 billion and $23.7 billion, compared to the $23.58 billion consensus.
Despite the upbeat outlook, shares of L3Harris slipped 0.95% to $294.71 in Wednesday's extended trading. Sometimes a beat and raise isn't enough to keep the momentum going.
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