L3Harris Technologies, Inc.

NYSE:LHX Stock Report

Market Cap: US$56.3b

L3Harris Technologies Future Growth

Future criteria checks 1/6

L3Harris Technologies is forecast to grow earnings and revenue by 14.2% and 6.7% per annum respectively. EPS is expected to grow by 14.8% per annum. Return on equity is forecast to be 13% in 3 years.

Key information

14.2%

Earnings growth rate

14.80%

EPS growth rate

Aerospace & Defense earnings growth18.3%
Revenue growth rate6.7%
Future return on equity12.98%
Analyst coverage

Good

Last updated05 May 2026

Recent future growth updates

Analysis Article • May 03

L3Harris Technologies, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

L3Harris Technologies, Inc. ( NYSE:LHX ) just released its latest first-quarter results and things are looking bullish...
Analysis Article • Jul 28

L3Harris Technologies, Inc. (NYSE:LHX) Analysts Are Pretty Bullish On The Stock After Recent Results

It's been a good week for L3Harris Technologies, Inc. ( NYSE:LHX ) shareholders, because the company has just released...

Recent updates

Analysis Article • May 03

L3Harris Technologies, Inc. Just Beat Earnings Expectations: Here's What Analysts Think Will Happen Next

L3Harris Technologies, Inc. ( NYSE:LHX ) just released its latest first-quarter results and things are looking bullish...
Narrative Update • Apr 24

LHX: 2028 Defense And Space Ambitions Will Define Upside Risk Balance

Analysts have raised their average price target on L3Harris Technologies by $35 to $420, citing refreshed models after the company shared 2028 goals that are above current Street expectations. Analyst Commentary Recent Street research around L3Harris Technologies has centered on refreshed models after the investor day, with several firms adjusting their price targets and a few large houses such as JPMorgan updating their outlook.
Seeking Alpha • Apr 20

L3Harris: Strong Results Coming, But A Weak Stock For The Near Term

Summary L3Harris is poised for a strong Q1, likely beating Street estimates significantly, driven by robust defense spending and segment growth. Despite operational strength, LHX trades at a premium multiple (~27x earnings), with little room for expansion absent sustained double-digit growth or margin step-up. Geopolitical tensions have fueled recent outperformance, but as these subside, appetite for high-multiple defense stocks like LHX is waning. I see near-term downside risk, targeting $300 as a more attractive entry point, while remaining structurally positive on LHX at the right valuation. Read the full article on Seeking Alpha
Narrative Update • Apr 09

LHX: Missile Spinout And Pentagon Backing Will Define 2028 Risk Balance

Analysts have nudged the L3Harris Technologies fair value estimate higher to $392.16 from $388.11, citing updated models that reflect refreshed 2028 targets introduced at the company’s investor day and a broad series of recent price target increases across the Street. Analyst Commentary Street research around L3Harris Technologies has been active, with a series of higher price targets and updated models tied to the company’s refreshed 2028 framework and its planned missile solutions spinout backed by a US$1b preferred equity investment from the Department of War.
New Narrative • Mar 29

LHX: The "Trusted Disruptor" Scaling the New Arsenal of Freedom

L3Harris Technologies (LHX) is currently navigating a period of aggressive portfolio optimization, shifting from a broad defense conglomerate to a focused, high-margin technology powerhouse. As of the close on March 27, 2026, the stock is trading at $342.87 USD on the NYSE, following a minor 1.85% decline in Friday's session.
Narrative Update • Mar 24

LHX: Missile Spinout And Pentagon Investment Will Shape Future Risk Profile

Analysts have raised their average price targets on L3Harris Technologies, with moves such as Baird's increase to $420 from $385. This reflects updated models following investor day targets and the planned missile solutions spinout with a $1b Department of War investment.
Narrative Update • Mar 10

LHX: Missile Spinout And Pentagon Partnership Will Shape Balanced Forward Risk Profile

Analysts lifted their L3Harris Technologies price target range, with our fair value estimate moving from $382.37 to $388.11, as updated models reflect their higher long term targets following the investor day and recent Department of War partnership plans. Analyst Commentary Recent Street research on L3Harris Technologies has centered on the planned spin out of the Missile Solutions business, the Department of War's planned US$1b convertible preferred equity investment, and management's longer term targets shared at the investor day.
Narrative Update • Feb 23

LHX: Missile Spinout And Pentagon Funding Will Support Balanced Risk Reward Profile

Analysts have raised their price targets on L3Harris Technologies, and our updated fair value estimate nudged up to $382.37 as they refresh models around the planned missile solutions spinout, the $1b Pentagon investment, and higher assumed revenue growth and P/E multiples, even with slightly lower profit margin expectations and a modestly higher discount rate. Analyst Commentary Recent Street research on L3Harris Technologies has been active, with several bullish analysts revisiting their models and lifting price targets after the announced missile solutions spinout and the planned US$1b preferred equity investment from the Department of War.
Narrative Update • Feb 08

LHX: Missile Spinout And Pentagon Backing Will Support Balanced Premium Multiple

Analysts have raised their L3Harris Technologies fair value estimate from $364 to about $380.63, citing refreshed price targets across the Street and updated assumptions around revenue growth, profit margins, and future P/E multiples as key drivers of the change. Analyst Commentary Street research on L3Harris Technologies has been active, with several firms updating price targets and opinions following the announced spinout of the Missile Solutions business and the planned US$1b investment from the Department of War.
Narrative Update • Jan 24

LHX: Missile Spinout And Space Refocus Will Support Balanced Premium Multiple

Analysts lifted their price target on L3Harris Technologies to $364, up $29, as they updated their models to reflect revised growth assumptions, adjustments to discount rates, and higher valuation multiples following recent price target increases across the Street tied to the planned missile solutions spinout and related government investment. Analyst Commentary Street research around L3Harris Technologies has been active, with several firms updating their models and lifting price targets following the announced missile solutions spinout and the planned approximately US$1b government investment in the new entity.
Narrative Update • Jan 07

LHX: Future Space Refocus And Missile Programs Will Sustain Premium Earnings Multiple

Narrative Update Analysts have nudged their price targets on L3Harris Technologies higher. Recent updates cite refreshed models after 3Q25 results and expectations for future awards, which is reflected in a slightly adjusted fair value estimate of about $334.26 and a future P/E of roughly 27.49x.
Narrative Update • Dec 22

LHX: Future Missile Demand Will Drive Earnings Momentum And Premium Multiple

The analyst price target for L3Harris Technologies has been nudged higher, with our fair value estimate rising by about $1 to approximately $335. This reflects analysts modestly upgrading long term growth expectations following stronger 3Q25 results and an improved outlook for future contract awards, despite slightly lower projected profit margins and a marginally higher discount rate.
Narrative Update • Dec 08

LHX: Earnings Momentum Will Accelerate Amid Expanding Defense And Missile Demand

Analysts have lifted their price target on L3Harris Technologies from $320 to a range of about $350 to $353 per share. This reflects updated models after solid Q3 results and a view that the company is well positioned for future defense awards amid supportive aerospace demand trends.
Narrative Update • Nov 24

LHX: Earnings Momentum Will Accelerate On Rising Demand For Advanced Defense Systems

The consensus analyst price target for L3Harris Technologies increased from $320 to $350. Analysts cite the company's strong positioning for future contract awards and recent improvements in the aerospace and defense sector outlook as key factors supporting the upward revision.
Narrative Update • Nov 05

LHX: Shares Will Benefit From Production Surge And Major Contract Wins Ahead

Analysts have raised their price target for L3Harris Technologies by $30 to $350 per share, citing improved profit margin expectations and the company's strong positioning for future contract awards. Analyst Commentary Following L3Harris Technologies’ latest quarterly results, analysts have provided updated perspectives on the company’s outlook and valuation.
Narrative Update • Oct 22

Analyst Upgrades Drive Higher Price Targets for L3Harris Amid Sector Momentum and New Defense Programs

The analyst price target for L3Harris Technologies has been raised from approximately $309 to $323. Analysts cite improving growth trends and increased confidence in the company’s ability to capitalize on new defense programs and sector momentum.
Narrative Update • Oct 08

US Defense Initiatives Will Advance Missile And Communication Capabilities

L3Harris Technologies has seen its analyst price target rise from $302.58 to $309.11, as analysts point to stronger growth prospects and favorable defense spending trends. Analyst Commentary Recent analyst notes on L3Harris Technologies reflect a constructive outlook for the stock, as well as some ongoing caution around certain aspects of the company's performance and the broader defense environment.
Narrative Update • Sep 12

US Defense Initiatives Will Advance Missile And Communication Capabilities

The consensus analyst price target for L3Harris Technologies rose to $302.58 on the back of strong Q2 results, higher future guidance, and improved sector sentiment amid rising defense spending, despite some margin and program risks. Analyst Commentary Bullish analysts cite strong Q2 results and continued momentum, leading to higher guidance for 2025 and increased 2026 targets.
Analysis Article • Jul 28

L3Harris Technologies, Inc. (NYSE:LHX) Analysts Are Pretty Bullish On The Stock After Recent Results

It's been a good week for L3Harris Technologies, Inc. ( NYSE:LHX ) shareholders, because the company has just released...
Analysis Article • Jun 30

Here's Why L3Harris Technologies (NYSE:LHX) Can Manage Its Debt Responsibly

Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Seeking Alpha • Apr 26

L3Harris Technologies: Attractive Growth At A Discount

Summary Despite a 2% stock price decline, L3Harris Technologies remains a buy due to its strong market position and better performance than the S&P 500. The company's diverse segments, particularly Communication Systems, show significant growth potential, with a focus on cyber, ISR, and hypersonics. First quarter earnings reveal mixed results, with overall sales down but profits growing, particularly in Communication Systems and Aerojet Rocketdyne. L3Harris is undervalued, trading below median EV/EBITDA levels, offering a compelling entry point with a 35% upside potential based on 2025 earnings. Read the full article on Seeking Alpha
Seeking Alpha • Mar 25

L3Harris: Attractive Valuation

Summary L3Harris Technologies experienced substantial growth in 2024, with revenue rising from $19.4B in 2023 to $21.3B and EPS increasing from $6.44 to $7.87. All segments showed strong performance, with products revenue climbing from $13.7B to $15.1B and services revenue from $5.7B to $6.2B. The company's technological depth, strong financials, and favorable valuation contribute to its robust economic moat and positive future outlook. Despite the strong performance, potential LHX stock risks must be considered, but the overall outlook remains favorable for L3Harris. Read the full article on Seeking Alpha
Seeking Alpha • Mar 18

L3Harris Technologies: Another Dip Opportunity As Defense Spend In Question

Summary L3Harris Technologies stock gets prior buy rating reaffirmed, after price dip below moving average. The firm has a proven model of profitability growth, free cashflow generation to support dividend growth, new contract wins, and a low leverage risk with a strong credit rating. LHX is among the top 10 defense/aerospace firms, giving it a unique market position but also competition from key peers. The role of public policy decisions in the US and elsewhere could pose a downside risk if they lead to significant defense cuts, impacting future contracts. Read the full article on Seeking Alpha
Seeking Alpha • Feb 20

L3Harris Technologies: Back In The Buy Zone Amid DOGE Woes (Rating Upgrade)

Summary L3Harris Technologies delivered solid results for 2024 with adjusted EPS of $13.10 and revenue growth of 10% year-over-year. Still, LHX shares are down 25% from their 52-week-high. In this update, I share my view on LHX's 2024 results, with a focus on its ongoing restructuring program. As L3Harris filed its 2024 10-K report last week, I will also provide an update on leverage and upcoming maturities. Finally, I will explain why I feel comfortable adding to my existing LHX position despite the current DOGE woes. Read the full article on Seeking Alpha
Seeking Alpha • Jan 26

L3Harris Technologies: A Rare Undervalued U.S. Aerospace And Defense Stock To Buy

Summary L3Harris Technologies, formed in 2019, is a multi-domain aerospace and defense specialist with strong growth prospects in communications, ISR, avionics, rocket motors, and cybersecurity. The company reported Q3 revenues of $5.3 billion and $833 million in adjusted operating profits, with a robust backlog of $34 billion. Analysts expect L3Harris to achieve high-end 2024 guidance with $21.3 billion in sales and EPS of $13.06, indicating strong growth potential. L3Harris stock is significantly undervalued, offering a compelling investment opportunity with potential upside targets of $272 and $318, making it a buy. Read the full article on Seeking Alpha
Seeking Alpha • Jan 15

L3Harris: Now Is The Time To Buy This Dividend Heavyweight

Summary L3Harris Technologies is just weeks away from presumably delivering a 24th consecutive dividend increase to shareholders. The company outperformed analysts' expectations for revenue and non-GAAP diluted EPS in the third quarter. L3Harris is on the verge of reaching its targeted net leverage ratio. The defense contractor and aerospace company's shares could be 12% undervalued. L3Harris appears to be primed for 13% annual total returns through 2027. Read the full article on Seeking Alpha
Seeking Alpha • Dec 06

L3Harris Technologies: Strategic Focus On Defense Technology; Initiate With 'Buy'

Summary L3Harris Technologies is evolving into a pure defense technology player, with strategic acquisitions like Aerojet Rocketdyne and Viasat’s Tactical Data Links. The company targets $1 billion in cost savings through workflow automation and supply chain improvements, leveraging partnerships like the one with Palantir. Recent financials show 5% organic growth in revenue and adjusted EPS, with a strong outlook for a 16%+ operating margin by FY26. Given geopolitical tensions and robust defense market demands, I rate L3Harris a ‘Buy’ with a one-year target price of $255 per share. Read the full article on Seeking Alpha
Seeking Alpha • Oct 25

Mission-Critical Dividends: Why L3Harris Stands Out In My Portfolio

Summary L3Harris Technologies, Inc. is a high-conviction dividend growth stock, leveraging strategic high-margin contracts and innovative partnerships to drive impressive returns and future growth. The company boasts a record $34 billion backlog, robust revenue growth, and rising margins, positioning it well for long-term profitability. L3Harris is on track to meet its net leverage target, enabling aggressive shareholder returns through dividends and buybacks, with a promising 2026 free cash flow yield of nearly 6%. Despite recent acquisitions increasing debt, the company's focus on smaller, profitable deals and operational improvements supports a strong long-term valuation and growth outlook. Read the full article on Seeking Alpha
Seeking Alpha • Oct 02

L3Harris Technologies: A Mispriced Gem Among U.S. Defense Stocks

Summary L3Harris Technologies is an undervalued defense stock with strong performance, benefiting from geopolitical tensions and bipartisan support for military spending. The company’s LHX NeXt cost savings plan and strategic M&A, including Aerojet Rocketdyne, drive growth and operational efficiency. L3Harris offers a solid dividend yield, nearing Dividend Aristocrat status, and plans to increase dividends and continue its shares repurchase. Strong backlog, solid book-to-bill ratio, and macro tailwinds make L3Harris stock a compelling buy for value and dividend investors. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NYSE:LHX - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202827,3332,9263,4664,91316
12/31/202725,4082,5423,1824,32921
12/31/202623,5382,1823,0013,63421
4/3/202622,4771,7322,5893,053N/A
1/2/202621,8651,6062,6823,106N/A
10/3/202521,7401,7591,8892,273N/A
6/27/202521,3731,6972,1642,507N/A
3/28/202521,2461,6052,2692,621N/A
1/3/202521,3251,5022,1512,559N/A
9/27/202421,1421,2071,7922,219N/A
6/28/202420,7651,1901,4851,982N/A
3/29/202420,1591,1731,1491,642N/A
12/29/202319,4191,2271,6472,096N/A
9/29/202318,6571,4851,7062,089N/A
6/30/202317,9888021,8352,134N/A
3/31/202317,4309242,2012,469N/A
12/30/202217,0621,0621,9062,158N/A
9/30/202216,8341,1301,8822,198N/A
7/1/202216,8171,9111,7632,094N/A
4/1/202217,3501,8531,7352,065N/A
12/31/202117,8141,8472,3452,687N/A
10/1/202118,1241,5562,1822,563N/A
7/2/202118,3581,5022,4482,836N/A
4/2/202118,1351,3722,5312,918N/A
1/1/202118,1941,1212,4222,790N/A
10/2/202024,0361,6332,8113,173N/A
7/3/202024,0041,6352,1372,497N/A
4/3/202021,4241,6221,6492,006N/A
1/3/202018,5261,646N/A1,878N/A
9/27/20199,6901,165N/A1,149N/A
6/28/20196,801951N/A1,185N/A
3/29/20196,611910N/A1,395N/A
12/28/20186,445864N/A847N/A
9/28/20186,300750N/A773N/A
6/29/20186,168700N/A751N/A
3/30/20186,049657N/A310N/A
12/29/20175,976623N/A647N/A
9/29/20175,890656N/A621N/A
6/30/20175,897627N/A569N/A
3/31/20175,891613N/A906N/A
12/30/20165,952608N/A832N/A
9/30/20165,702608N/A903N/A
7/1/20165,992609N/A924N/A
4/1/20165,994412N/A966N/A
1/1/20165,631379N/A1,019N/A
10/2/20155,638355N/A838N/A
7/3/20153,885286N/A854N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: LHX's forecast earnings growth (14.2% per year) is above the savings rate (3.5%).

Earnings vs Market: LHX's earnings (14.2% per year) are forecast to grow slower than the US market (16.6% per year).

High Growth Earnings: LHX's earnings are forecast to grow, but not significantly.

Revenue vs Market: LHX's revenue (6.7% per year) is forecast to grow slower than the US market (11.5% per year).

High Growth Revenue: LHX's revenue (6.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: LHX's Return on Equity is forecast to be low in 3 years time (13%).

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/07 23:00
End of Day Share Price 2026/05/07 00:00
Earnings2026/04/03
Annual Earnings2026/01/02

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

L3Harris Technologies, Inc. is covered by 37 analysts. 21 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
John StaszakArgus Research Company
Peter ArmentBaird
David StraussBarclays