Why did L3Harris (LHX) stock move recently?

On 7/23/2026, L3Harris moved +5.1% — No clear company-specific catalyst identified in recent filings or today's credible coverage; the move appears to align with broader defense sector or market sentiment amid ongoing backlog strength. This is MarketChacha's decoded reason from filings and credible news; it is education, not buy/sell advice.

Is L3Harris (LHX) overvalued or fairly valued?

MarketChacha shows L3Harris's valuation in context — a trailing P/E of about 23.9, a forward P/E of about 19.5, a price-to-book of about 2.6 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does L3Harris's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.79×) from reported figures — education, not a rating.

What is the share price of L3Harris (LHX)?

L3Harris last traded at $256.45 (-2.2% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

L3Harris

LHX · NYSE · Industrials · United States

Snapshot

TickerLHX

ExchangeNYSE

SectorIndustrials

IndustryAerospace & Defense

CountryUnited States

Employees45,000

HeadquartersMelbourne, United States

Websitewww.l3harris.com

Filings tracked15

About L3Harris

L3Harris Technologies, Inc. provides mission-critical solutions for government and commercial customers worldwide. It operates through three segments: Space & Mission Systems (SMS), Communications & Spectrum Dominance (CSD), and Missile Solutions (MSL). The SMS segment integrates satellite and payload capabilities, including missile warning and defense, with maritime, air special missions, and other global defense and civil government programs. Its MSL segment unites propulsion, hypersonic, and other advanced missile technologies. The CSD segment provides tactical radios, software, waveforms, satellite terminals, and end-to-end battlefield systems for the U.S. Department of Defense, international, federal, and state agency customers; broadband communications; integrated vision solutions, such as helmet-mounted integrated night vision goggles with image intensifier tubes and weapon-mounted sights, aiming lasers, and range finders; and public safety radios and system applications and equipment. The company was formerly known as Harris Corporation and changed its name to L3Harris Technologies, Inc. in June 2019. L3Harris Technologies, Inc. was founded in 1895 and is headquartered in Melbourne, Florida.

Who owns it

Insiders0.5%
Institutions89.3%
Public & other10.3%

2,118 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.10.21%
Vanguard Capital Management LLC6.53%
Vanguard Portfolio Management LLC5.16%
State Street Corporation4.89%
Capital World Investors3.55%
Geode Capital Management, LLC2.85%
Wellington Management Group, LLP2.53%
Wells Fargo & Company2.42%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.79×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend6.3% → 7.0%

Margin has held broadly steady over the period — stable profitability.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $6.0B · EPS 3.12

Est. earnings growth +9.1%

Next fiscal year

Rev $25.2B · EPS 13.46

Est. earnings growth +12.2%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

ROE

8.2%

Profit CAGR (2y)

+14.4%

EPS (FY2026)

8.53

Net profit (FY2026)

$1.6B

Ask MarketChacha about LHX

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Why it moved

Jul 23, 2026
No clear company-specific catalyst identified in recent filings or today's credible coverage; the move appears to align with broader defense sector or market sentiment amid ongoing backlog strength.
· confidence: low

Daily moves with the verified reason behind them. Education only — not investment advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2026	—	$1.6B	8.53	—	8.2%
FY2025	$21.3B	$1.5B	7.87	7.0%	7.7%
FY2023	$19.4B	$1.2B	6.44	6.3%	6.5%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q3	$5.9B	$600.0M	3.13	10.2%
2026Q2	$5.7B	$512.0M	2.72	8.9%
2026Q1	$21.9B	—	—	—
2025Q4	$5.7B	$462.0M	2.46	8.2%
2025Q2	$5.4B	$458.0M	2.44	8.4%
2025Q1	$5.1B	$386.0M	2.04	7.5%
2024Q3	$5.3B	$400.0M	2.10	7.6%
2024Q2	$5.3B	$366.0M	1.92	6.9%
2024Q1	$5.2B	$283.0M	1.48	5.4%
2023Q3	$4.9B	$383.0M	2.02	7.8%
2023Q2	$4.7B	$349.0M	1.83	7.4%
2023Q1	$4.5B	$337.0M	1.76	7.5%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC7/30/2026
8-K — Results of operations, Exhibits
SEC7/29/2026material
8-K — Executive/director change, Exhibits
SEC7/24/2026material
8-K — Shareholder vote results, Exhibits
SEC5/12/2026material
8-K — Results of operations, Exhibits
SEC4/30/2026material
10-Q filing
SEC4/30/2026
8-K — Other events, Exhibits
SEC4/23/2026material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC3/12/2026material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC3/2/2026material
10-K filing
SEC2/12/2026
8-K — Other events, Exhibits
SEC2/6/2026material
8-K — Results of operations, Exhibits
SEC1/29/2026material
8-K — Executive/director change, Other events, Exhibits
SEC1/5/2026material

2025

8-K — Results of operations, Exhibits
SEC10/30/2025material
10-Q filing
SEC10/30/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.