Post-earnings recap
Reported
Thu, Apr 30, 2026
EPS actual
$2.72
EPS est.
$2.53
EPS surprise
+7.55%
1-day move
-0.26%
L3Harris Technologies reported better-than-expected earnings per share, which indicates strong performance in that area. However, the stock reacted negatively, declining by 0.26%. The lack of revenue data and management commentary may have contributed to investor uncertainty.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $2.72 | $2.57 | +7.55% |
| Revenue | N/A | $5.4B | N/A |
No transcript is on record, and the analysis is based on numerical results only.
L3Harris Technologies, Inc. (LHX) operates in the aerospace and defense sector, providing advanced technology solutions for government and commercial customers. With a market cap of $60 billion, the company is significant in areas like communication systems, electronic warfare, and air traffic management, which are crucial for national security and infrastructure.
Last quarter
In Q4-2025, L3Harris reported an EPS of $2.86, exceeding expectations by 3.59%. However, the stock saw a slight decline of 1.19% the following day.
Management promises and guidance
EPS beat streak
8Q
EPS beat rate
100%
Avg EPS surprise
+5.95%
Avg 1-day reaction
-0.01%
Analysts expect L3Harris to report solid earnings, with a consensus EPS of $2.57 and revenue of $5.4 billion. The company has a strong track record of beating earnings estimates.
Bull case
If L3Harris exceeds the EPS estimate, it could signal strong demand and effective cost management, potentially leading to a positive stock reaction.
Bear case
If the company misses earnings expectations, it may raise concerns about future growth and profitability, leading to a negative market reaction.
Key metrics to watch
EPS
$2.57Earnings per share (EPS) is a key indicator of profitability and will show how well L3Harris is managing costs and generating income.
Revenue
$5.4BTotal revenue reflects the company's sales performance and demand for its products and services, which is vital for growth.
The print will turn on these.
Q1
Will L3Harris achieve an EPS above $2.57?
A beat on EPS would reinforce the company's operational efficiency and demand strength, potentially boosting investor confidence.
Q2
What is the outlook for revenue growth in key segments?
Insights into revenue growth will indicate how well L3Harris is positioned to capture market opportunities and manage competition.
—
Est. EPS
$1.21
Est. Rev
$34.9B
Impl. Move
±5.2%
Why consensus could be wrong
The consensus may underestimate L3Harris's ability to outperform due to strong demand in defense spending, which could lead to better-than-expected results.
Supporting evidence
L3Harris has consistently beaten EPS estimates in recent quarters.
The options market is pricing a larger move than historical averages suggest, indicating potential for a surprise.
Recent defense contracts may not be fully reflected in analyst expectations.
Key risk
If revenue growth in key segments falls below expectations, it could challenge the bullish consensus.
Pre-commit to what would confirm each case.
The market is weighing L3Harris's ability to maintain its growth trajectory against potential challenges in the aerospace and defense sectors.
Bull confirmed if
Exceeding EPS of $2.57 and showing strong revenue growth would confirm the bull case.
Bear confirmed if
Falling short of the $2.57 EPS estimate would raise concerns about profitability.
What the market is pricing for the move.
Implied Move
±4.36%
Historical Avg
±1.1%
The options market is pricing in a significant move, suggesting that traders expect volatility around the earnings announcement.
Options are pricing ±4.4% while LHX has averaged ±1.1% over the last 8 prints — setup is pricing rich.
ATM IV
0.7%
30d HV
21.7%
Smart-money positioning from the most recent 13F filings.
Institutional
89.31%
of float
Insider
0.45%
of float
Holders
2,116
institutions
Top Holders· as of Jun 2026
Blackrock Inc.
19,015,816 sh · $4.4B
10.21%
6.4%
Likely market behavior by outcome. Not investment advice.
Beat & raise
If L3Harris beats expectations, history suggests a positive stock reaction, averaging a +0.63% move.
In line / cautious
An in-line result could lead to a muted response, with management commentary driving the stock's direction.
Miss
A miss on earnings could result in a decline, with historical data suggesting an average drop of -0.02% following misses.
House and Senate STOCK Act disclosures over the trailing 6 months.
Trades
2
1 buy·1 sell
Members
1
House only
Est. Notional
$2,002.00–$30,000.00
disclosed dollar ranges
Most Active Members
2 trades
The lines on the call that would change the story.
Vanguard Capital Management LLC
12,163,586 sh · $2.8B
6.53%
0.2%
Vanguard Portfolio Management LLC
9,604,027 sh · $2.2B
5.16%
0.6%
State Street Corporation
9,097,353 sh · $2.1B
4.89%
2.9%
Capital World Investors
6,608,133 sh · $1.5B
3.55%
-40.0%
13F filings updated quarterly. Position deltas show change in shares vs. the prior quarter.
Mixed
Recent Transactions
Traded Jul 30, 2026 · disclosed Aug 14, 2026
$1,001.00–$15,000.00
Traded Jun 12, 2026 · disclosed Jul 9, 2026
$1,001.00–$15,000.00
Filed 30–45+ days after the trade. Treat as positional context, not a leading indicator. Amounts are SEC-mandated dollar ranges, not exact values.