LHX L3Harris Technologies (LHX) Q1 FY26 earnings call
L3Harris Technologies delivered a strong first quarter, driven by robust organic revenue growth and expanding margins, reinforcing its "Trusted Disruptor" strategy. The company saw significant demand in Space & Mission Systems and Resilient Communications, leading to a record backlog and strong international book-to-bill. Management reaffirmed full-year guidance, expressing confidence in sustained growth and the 2028 financial framework.
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LHX operating KPIs by quarter
| KPI | Jun 2025 Q2 FY25 | Sep 2025 Q3 FY25 | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|---|
| Book-to-bill ratio | 1.5 ratioWe posted our highest organic growth in 6 quarters and achieved a record book-to-bill of 1.5, clear evidence of the momentum behind our strategy and the alignment of our portfolio with the future of warfare.Source: earnings call transcript | 1.2 ratioThis quarter, we delivered double-digit organic growth, 15.9% margins, and a book-to-bill of 1.2, proof that our strategy is working.Source: earnings call transcript | 1.4 ratioWe achieved a 1.4x book-to-bill, with awards in missionized aircraft, solid rocket motors and software-defined communication products.Source: earnings call transcript | 1.2 ratioOrders were $7.3 billion, yielding a book-to-bill of 1.2x.Source: earnings call transcript | -14.3% |
| Orders | — | $6.6BWe had $6.6 billion in orders this quarter, resulting in a book-to-bill of 1.2.Source: earnings call transcript | — | $7.3BOrders were $7.3 billion, yielding a book-to-bill of 1.2x.Source: earnings call transcript | — |
| Backlog | — | — | $40B+Our backlog has almost doubled to over $40 billion, and that does not yet include the $25 billion of orders for the Munitions Acceleration Council programs, which are currently in negotiations.Source: earnings call transcript | $42BBacklog increased by more than $1 billion to $42 billion, positioning us well for sustained growth.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.