L3Harris Technologies shares fall despite strong Q1 earnings and higher 2026 guidance
Updated
Updated · Barron's · Apr 30
L3Harris Technologies shares fall despite strong Q1 earnings and higher 2026 guidance
10 articles · Updated · Barron's · Apr 30
The stock slipped 1.1% to $318.01 after the defence contractor posted $2.72 earnings per share on $5.7bn sales, beating FactSet forecasts, with orders reaching $7.8bn.
Management lifted 2026 EPS guidance to $11.40-$11.60 while keeping sales guidance at $23bn-$23.5bn, and said all segments, including space, communications and missiles, grew.
L3Harris also confidentially filed for an IPO of its missile business, planned for the second half of 2026, as investors remain wary of defence valuations and possible US spending pressure.
How will the IPO of L3Harris's missile unit reshape the booming global arms market?
Global defense spending hit a record $2.89 trillion. Is this industrial surge securing peace or fueling a new, high-tech arms race?
With warfare now software-defined, can legacy defense giants truly out-innovate agile tech startups?