L3Harris

LHX

Market cap $58.6B

L3Harris Technologies, Inc. (LHX) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript

SpaceX's S-1 just handed legacy defense investors a number they cannot ignore.

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) Chairman and CEO Christopher Kubasik and Senior Vice President and Chief Financial Officer Ken Sharp will present at the Bernstein 42nd Annual Strategic Decisions Conference at 2:30 p.m. ET on Wednesday, May 27, in New York City. The presentation will stream live on L3Harris.com, with a recording available following the event. About L3Harris Technologies L3Harris is the Trusted Disruptor in defense tech. With customers' mission.

L3Harris Technologies delivered Q1 results well above expectations, with 11.7% revenue growth and EPS 13% ahead of consensus. Backlog reached a record $40.9 billion and book-to-bill rose to 1.4x, signaling robust and growing demand across core defense segments. Despite a 15-18% stock pullback, LHX fundamentals remain strong; I maintain a Buy rating with a baseline fair value estimate of $354, 18% upside.

The U.S. Air ​Force is targeting a Fourth of July delivery for a Boeing 747 gifted by Qatar that would join the ‌Air Force One fleet in time for the nation's 250th anniversary, a U.S. official and a person familiar with the program said.

L3Harris Technologies Inc. rallied as the Trump administration indicated a potential defense budget increase, which could drive meaningful upside to revenue and earnings estimates over the next few years. Regal Rexnord Corp. outperformed as its data center opportunity offered a new growth vector, with management disclosing substantial orders tied to its integrated powertrain solution for power infrastructure. CACI International Inc. management distinguished the firm by raising estimates throughout a period of government spending uncertainty, demonstrating minimal exposure to the budget cuts weighing on its peers.

L3Harris' NYSE: LHX share price corrected more than 15% in March and April, raising doubts about its future value. While near-term headwinds, investor concerns, and market mechanics played a role, the likely outcome is that this pullback is a buying opportunity.

L3Harris Technologies, Inc. (LHX) Q1 2026 Earnings Call Transcript

LHX tops first-quarter estimates as revenues rise across all segments on new program ramp-up and higher international volume, and lifts its 2026 EPS outlook.

The headline numbers for L3Harris (LHX) give insight into how the company performed in the quarter ended March 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.