Post-earnings recap
Reported
Wed, Jul 29, 2026
EPS actual
$3.13
EPS est.
$2.80
EPS surprise
+11.91%
1-day move
-2.51%
L3Harris Technologies reported an EPS that exceeded expectations, indicating stronger-than-anticipated profitability. However, the stock fell by 2.51% on the day, suggesting that investors may have been disappointed by the lack of revenue information or further guidance. The absence of management commentary leaves uncertainty about future performance.
| Metric | Actual | Expected | Surprise |
|---|---|---|---|
| EPS | $3.13 | N/A | +11.91% |
| Revenue | N/A | N/A | N/A |
No transcript is on record, and the analysis is based solely on numerical results.
L3Harris Technologies, Inc. (LHX) operates in the aerospace and defense sector, providing advanced communication and electronic systems. As a major player in defense technology, the company is crucial for national security and military operations, especially amid increasing global tensions.
Last quarter
In Q1 2026, L3Harris reported an EPS of $2.72, surpassing estimates by 7.55%. However, revenue figures were not disclosed, leading to a slight decline in stock price 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%
Overall, investors are cautiously optimistic about L3Harris's upcoming earnings, given its consistent EPS beats in recent quarters. However, uncertainty remains due to the lack of revenue guidance.
Bull case
If L3Harris continues its trend of beating EPS estimates and announces new defense contracts, it could drive significant stock appreciation.
Bear case
Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a sharp decline in stock price.
The print will turn on these.
Q1
What will be the EPS for Q2-2026?
The EPS figure is crucial for assessing profitability and will heavily influence investor sentiment.
Q2
How many new defense contracts has L3Harris secured recently?
New contracts are vital for future revenue growth and can indicate the company's competitive positioning in the market.
—
Est. EPS
—
Est. Rev
—
Impl. Move
±3.5%
Why consensus could be wrong
The Street may be underestimating the impact of new defense contracts on L3Harris's revenue growth this quarter.
Supporting evidence
The company has a strong track record of securing contracts, which could lead to better-than-expected revenue.
Recent geopolitical tensions may drive increased defense spending, benefiting L3Harris.
Options pricing suggests a move that could reflect positive sentiment not captured in current estimates.
Key risk
If new contract announcements exceed expectations, it could significantly alter the market's perception of L3Harris's growth potential.
Pre-commit to what would confirm each case.
The market is weighing L3Harris's ability to maintain its earnings momentum against potential challenges in securing new contracts.
Bull confirmed if
An EPS of $2.80 or higher would confirm the bull case, indicating strong profitability.
Bear confirmed if
An EPS below $2.50 would confirm the bear case, raising concerns about profitability.
What the market is pricing for the move.
Implied Move
±2.18%
Historical Avg
±1.1%
The options market is pricing in a modest move, suggesting that investors expect some volatility around the earnings announcement.
Options are pricing ±2.2% while LHX has averaged ±1.1% over the last 8 prints — setup is pricing rich.
ATM IV
0.3%
30d HV
24.4%
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 the stock could rise by about 0.62%, confirming the company's strong performance.
In line / cautious
If results are in line with expectations, the stock may experience muted movement as investors await further guidance.
Miss
If the company misses expectations, history suggests a potential decline of around 0.62%, raising concerns about its growth trajectory.
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.