Equity Profile

LHX

L3Harris Technologies, Inc.

IndustrialsAerospace & Defense$53.8B

Jul24Fri

Pre-Earnings Brief

UpcomingQ2-2026Pre-Market9:00 AM EDT

Company Snapshot

L3Harris Technologies, Inc. (LHX) operates in the aerospace and defense sector, providing advanced communication and electronic systems....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical indicator of the company's profitability and financial health, which investors closely watch.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its business and capture market share, essential for long-term success.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

LHX Q2-2026 Earnings Preview

Context

Company Snapshot

L3Harris Technologies, Inc. (LHX) operates in the aerospace and defense sector, providing advanced communication and electronic systems. With a market cap of $54 billion, the company plays a crucial role in national security and defense technology, making it a key player in the industrial landscape.

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+4.71%

Avg Stock Reaction

+0.62%

Last Quarter Recap

In Q1-2026, L3Harris reported an EPS of $2.72, exceeding estimates by 7.55%. Despite the positive earnings surprise, the stock experienced a slight decline the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Overall, investors are cautiously optimistic about L3Harris's upcoming earnings, especially given its consistent track record of beating EPS estimates. However, the lack of revenue guidance may lead to uncertainty.

Bull Case

If L3Harris continues its streak of beating EPS estimates, it could signal strong operational performance and investor confidence, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a sell-off, especially given the current market volatility.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

Given L3Harris's history of beating EPS estimates, the market will closely watch this figure to gauge ongoing profitability.

Will there be any revenue guidance provided?

Revenue guidance is crucial for understanding the company's growth trajectory, and a lack of it could lead to uncertainty among investors.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating L3Harris's ability to leverage its defense contracts for higher-than-expected EPS growth this quarter.

Supporting Evidence

L3Harris has consistently beaten EPS estimates in the past, suggesting a strong operational performance.

The options market is pricing a relatively modest move, indicating that traders may not fully appreciate the potential for upside.

Key Risk

If the EPS comes in above $2.80, it could challenge the current cautious sentiment and drive the stock higher.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around L3Harris's ability to maintain its earnings momentum amid market fluctuations.

Bull Confirmed If

An EPS of $2.80 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $2.60 would support the bear case, suggesting potential challenges ahead.

Pre-Earnings Positioning

Options Market

Implied Move

±2.18%

Historical Avg

±1.2%

Pricing rich

The options market is pricing in a modest move of about 2.18%, suggesting that traders expect some volatility around the earnings announcement.

Options are pricing ±2.2% while LHX has averaged ±1.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

24.4%

Calls (26K)P/C Ratio: 0.78Puts (4K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If L3Harris beats expectations, history suggests a potential average 1-day move of +0.62%, confirming strong operational health.

In-Line / Cautious

If results are in line but management's commentary is cautious, the stock may experience muted movement as investors reassess their outlook.

Miss

Should the company miss expectations, history indicates a potential average 1-day move of -0.26%, leading to possible downward pressure on the stock.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

R-GARichard Dean Dr McCormickRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on defense contracts and their impact on revenue.
2Details on cost management strategies and their effect on margins.
3Insights into new product developments and their expected market impact.
4Comments on geopolitical factors affecting the defense sector.
5Management's outlook on future growth opportunities.

See the full picture

AI-powered briefs, options data, and 20 quarters of history — everything you need before earnings.

No charge today · Auto-bills $8/mo after 7 days · Cancel anytime

More Earnings This Week

5 Reports

Jul21

KOBMO

The Coca-Cola Company

PreviewView

Jul21

VZBMO

Company Snapshot

L3Harris Technologies, Inc. (LHX) operates in the aerospace and defense sector, providing advanced communication and electronic systems....

Key Metrics to Watch

Earnings Per Share (EPS)

EPS is a critical indicator of the company's profitability and financial health, which investors closely watch.

N/A

Revenue Growth

Revenue growth reflects the company's ability to expand its business and capture market share, essential for long-term success.

N/A

Wall Street expectations, options signals, track record, and call prep available with Pro.

LHX Q2-2026 Earnings Preview

Context

Company Snapshot

Earnings Scorecard·Last 8Q

EPS Beat Streak

EPS Beat Rate

100%

Avg EPS Surprise

+4.71%

Avg Stock Reaction

+0.62%

Last Quarter Recap

In Q1-2026, L3Harris reported an EPS of $2.72, exceeding estimates by 7.55%. Despite the positive earnings surprise, the stock experienced a slight decline the following day.

Management Promises & Guidance

Expectations

Wall Street Expectations

Bull Case

If L3Harris continues its streak of beating EPS estimates, it could signal strong operational performance and investor confidence, potentially driving the stock higher.

Bear Case

Conversely, if the company fails to meet expectations or provides weak guidance, it could lead to a sell-off, especially given the current market volatility.

Expectations

Two Questions That Matter

The print will turn on these two things.

What will be the EPS for Q2-2026?

Given L3Harris's history of beating EPS estimates, the market will closely watch this figure to gauge ongoing profitability.

Will there be any revenue guidance provided?

Revenue guidance is crucial for understanding the company's growth trajectory, and a lack of it could lead to uncertainty among investors.

Edge

What the Street Is Missing

Why consensus could be wrong

The market may be underestimating L3Harris's ability to leverage its defense contracts for higher-than-expected EPS growth this quarter.

Supporting Evidence

L3Harris has consistently beaten EPS estimates in the past, suggesting a strong operational performance.

The options market is pricing a relatively modest move, indicating that traders may not fully appreciate the potential for upside.

Key Risk

If the EPS comes in above $2.80, it could challenge the current cautious sentiment and drive the stock higher.

Edge

Thesis-Break Levels

Pre-commit to what would confirm each case.

The core debate this quarter revolves around L3Harris's ability to maintain its earnings momentum amid market fluctuations.

Bull Confirmed If

An EPS of $2.80 or higher would confirm the bull case, indicating strong operational performance.

Bear Confirmed If

An EPS below $2.60 would support the bear case, suggesting potential challenges ahead.

Pre-Earnings Positioning

Options Market

Implied Move

±2.18%

Historical Avg

±1.2%

Pricing rich

The options market is pricing in a modest move of about 2.18%, suggesting that traders expect some volatility around the earnings announcement.

Options are pricing ±2.2% while LHX has averaged ±1.2% over the last 8 prints — setup is pricing rich.

Detail

ATM IV

0.3%

30d HV

24.4%

Calls (26K)P/C Ratio: 0.78Puts (4K)

Preparation

Post-Print Playbook

Likely market behavior by outcome — not investment advice.

Beat & Raise

If L3Harris beats expectations, history suggests a potential average 1-day move of +0.62%, confirming strong operational health.

In-Line / Cautious

If results are in line but management's commentary is cautious, the stock may experience muted movement as investors reassess their outlook.

Miss

Should the company miss expectations, history indicates a potential average 1-day move of -0.26%, leading to possible downward pressure on the stock.

Preparation

Congressional Activity

House & Senate STOCK Act disclosures over the trailing 6 months.

Trades

0 buys·1 sell

Members

House only

Est. Notional

$1,001.00–$15,000.00

disclosed dollar ranges

Most Active Members

R-GARichard Dean Dr McCormickRep.
1

Earnings Track Record

Preparation

What to Listen For

Call Prep

1Any updates on defense contracts and their impact on revenue.
2Details on cost management strategies and their effect on margins.
3Insights into new product developments and their expected market impact.
4Comments on geopolitical factors affecting the defense sector.
5Management's outlook on future growth opportunities.