L3Harris delivered a double beat in the third quarter of 2026, reporting revenue of $6.06 billion and earnings per share of $3.28, both exceeding analyst expectations. Growth was primarily fueled by record demand in the solid rocket motor and space segments, resulting in a massive 3.2x book-to-bill ratio and a record $53.2 billion backlog.
Key Highlights
- Record contractual backlog reached $53.2 billion, driven by $19.3 billion in quarterly orders and a book-to-bill of 3.2x.
- GAAP EPS surged 33% year-over-year to $3.28, supported by higher volume and reduced corporate expenses.
- Organic revenue growth of 9% was led by the Missile Solutions segment, which recorded an 11.8x book-to-bill ratio.
- Management raised full-year 2026 GAAP EPS guidance to a range of $12.25–$12.35 and increased the bottom end of revenue guidance to $23.5 billion.