L3Harris Jumps After Q3 Beat and Higher 2026 Outlook

L3Harris Technologies (LHX) is up 6.0% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to a strong third-quarter earnings report that showed faster profit growth, a sharp increase in cash generation, and higher full-year guidance. Investors also seemed encouraged by record backlog levels, which suggest solid demand and better revenue visibility for the defense contractor.

Details:

L3Harris reported third-quarter revenue of about $6.06 billion, up 7% from a year earlier, while diluted earnings per share rose 33% to $3.28.

The company raised its 2026 outlook, lifting the low end of revenue guidance to $23.5 billion and increasing its GAAP EPS range to $12.25 to $12.35.

Orders reached roughly $19.3 billion in the quarter, pushing contractual backlog to a company record of $53.2 billion and supporting the view that demand remains strong.

Free cash flow climbed to about $1.26 billion in the quarter, which likely reinforced confidence that the earnings improvement is translating into cash generation.

Sources:

L3Harris Technologies Investor Relations, SEC, Investing.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$LHX Insider Trading Activity

$LHX insiders have traded $LHX stock on the open market 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $LHX stock by insiders over the last 6 months:

MELANIE RAKITA (Vice President & CHRO) sold 2,180 shares for an estimated $676,781

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$LHX Hedge Fund Activity

We have seen 793 institutional investors add shares of $LHX stock to their portfolio, and 804 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

CAPITAL WORLD INVESTORS removed 4,403,475 shares (-40.0%) from their portfolio in Q2 2026, for an estimated $1,279,605,800
JPMORGAN CHASE & CO added 1,576,318 shares (+inf%) to their portfolio in Q2 2026, for an estimated $458,062,247
SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 1,289,697 shares (+inf%) to their portfolio in Q2 2026, for an estimated $374,773,051
BLACKROCK, INC. added 1,139,207 shares (+6.4%) to their portfolio in Q2 2026, for an estimated $331,042,162
D. E. SHAW & CO., INC. added 1,040,252 shares (+7249.1%) to their portfolio in Q2 2026, for an estimated $302,286,828
CLEARBRIDGE INVESTMENTS, LLC removed 908,735 shares (-32.9%) from their portfolio in Q2 2026, for an estimated $264,069,303
ARTISAN PARTNERS LIMITED PARTNERSHIP removed 719,596 shares (-40.8%) from their portfolio in Q2 2026, for an estimated $209,107,401

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$LHX Government Contracts

We have seen $6,696,071,153 of award payments to $LHX over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

THE PURPOSE OF THIS DELIVERY ORDER AWARD IS TO ADD FUNDING FOR FTI TELECOMMUNICATIONS SERVICES.: $900,642,441
IGF::OT::IGF RS-25 PRODUCTION RESTART TO BE UNDERTAKEN BY THE CONTRACTOR IN SUPPORT OF PROVIDING SIX RS-25...: $335,111,772
AFLCMC/WI: $232,260,000
FOREIGN MILITARY SALES FUNDING TO PURCHASE SUPPLIES FOR AN ALLIED NATION.: $169,265,471
MRBM TARGETS: $122,717,657

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$LHX Congressional Stock Trading

Members of Congress have traded $LHX stock 3 times in the past 6 months. Of those trades, 2 have been purchases and 1 have been sales.

Here’s a breakdown of recent trading of $LHX stock by members of Congress over the last 6 months:

REPRESENTATIVE RICHARD MCCORMICK has traded it 3 times. They made 2 purchases worth up to $30,000 on 06/12 and 1 sale worth up to $15,000 on 07/30.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.