L3harris Technologies, Inc. · NYSE:LHX
L3harris Technologies — Q1 2026 Earnings Presentation
12 slides from L3harris Technologies's earnings presentation, Apr 30, 2026
Slide 1: First Quarter 2026 Earnings Presentation
FIRST QUARTER 2026 EARNINGS PRESENTATION April 30, 2026
Slide 2: Portfolio Designed to Win and Grow
PORTFOLIO DESIGNED TO WIN AND GROW SIGNIFICANT 1Q26 AWARDS $41B $39B SMS CSD MSL $21B International International DRIVERS OF Software-Defined Missile Propulsion CONTRACTUAL BACKLOG AEW&C Programs Resilient Comms ~$725M ~$750M ~$450M PORTFOLIO BUILT FOR THE FUTURE OF WARFARE 1.2x* 1.8x* 1.9x* BACKLOG
Slide 3: Strong Q1 Results
STRONG Q1 RESULTS 1Q26 - Key Metrics & Highlights Orders $7.8B 1.4x book-to-bill $600M revenue increase, Revenue $5.7B 15% organic growth1 Segment $125M income increase; $902M Operating Income 10 bps margin expansion Diluted EPS $2.72 33% EPS increase 1) NGFM - reference the 1Q26 earnings release fo
Slide 4: L3Harris Presentation Title
L3HARRIS PRESENTATION TITLE (VIEW > SLIDE MASTER > EDIT SLIDE MASTER) PROPRIETARY INFORMATION 1
Slide 5: First Quarter 2026 Financial Results
FIRST QUARTER 2026 FINANCIAL RESULTS 44% INCREASE IN INNOVATION & CAPACITY INVESTMENTS2 $7.8B 1.4x $40.7B $5.7B Orders Book-to-Bill Total Backlog Revenue $99M Capital Expenditures $902M 15.7% $2.72 ($187M) $146M Segment Segment GAAP EPS Free Operating Income Operating Margin Cash Flow1 R&D 1) NGFM -
Slide 6: Space & Mission Systems
SPACE & MISSION SYSTEMS ($ millions) Revenue Operating Income and Margin $2,990 $2,411 $313 $238 9.9% 10.5% 1Q25 1Q26 1Q25 1Q26 1Q26 DRIVERS U.S. AIRCRAFT IN NEW Revenue: increased 24% Margin: increased 60 basis points PAINT SCHEME + Ramp in activity in ISR on classified and + Improved program perfo
Slide 7: Communications & Spectrum Dominance
COMMUNICATIONS & SPECTRUM DOMINANCE ($ millions) Revenue Operating Income and Margin $1,855 $465 $1,809 $443 24.5% 25.1% AN/PRC-163 MULTI-CHANNEL SOFTWARE-DEFINED RADIO 1Q25 1Q26 1Q25 1Q26 1Q26 DRIVERS Revenue: increased 3% Margin: increased 60 basis points + Increased volume for night vision device
Slide 8: Missile Solutions
MISSILE SOLUTIONS ($ millions) Revenue Operating Income and Margin $990 $840 $124 $96 11.4% 12.5% STANDARD MISSILE-3 (SM-3) 1Q25 1Q26 1Q25 1Q26 1Q26 DRIVERS Revenue: increased 18% Margin: increased 110 basis points + Increased production volumes across key + Monetization of legacy assets missile and
Slide 9: Excellence Through Innovation
EXCELLENCE THROUGH INNOVATION Translate customer needs into mission-ready innovation, delivering proven, scalable solutions across domains Proven On Orbit Production at Scale Multi-Domain Earned 2025 David Packard Scaled VAMPIRE production, Mission Support Excellence in Acquisition Award acceleratin
Slide 10: 2026 Guidance
2026 GUIDANCE CONSOLIDATED SEGMENT Revenue Operating Margin Revenue Segment Operating Margin SMS ~$11.5B mid 10% $23B - $23.5B low 16% CSD ~$8.0B ~25% GAAP Diluted EPS FCF1 MSL ~$4.4B mid 12% $11.40 - $11.60 $3B (Prior: $11.30 - $11.50) 1) NGFM - a reconciliation of forward-looking NGFMs to comparab
Slide 11: 2026 Supplemental Information
2026 SUPPLEMENTAL INFORMATION 2026 2026 Guidance Prior FAS/CAS operating adjustment $20 million $20 million Non-service FAS pension income $290 million $270 million Net FAS/CAS pension $310 million $290 million Net interest expense $590 million $590 million Effective tax rate on GAAP earnings 15% 15
Slide 12: Forward-Looking Statements; Non-GAAP Measures
Forward-Looking Statements; Non-GAAP Measures This presentation contains forward-looking statements within the meaning of federal securities laws made in reliance on the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Examples include, but are not limited to: statemen
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