Shares of L3Harris Technologies (NYSE:LHX) gained 2% in premarket trading Thursday after the defense technology company delivered a solid second-quarter performance and raised its full-year guidance.
The company posted earnings per share of $2.78 for Q2, comfortably ahead of analyst expectations of $2.48. Revenue reached $5.4 billion, narrowly surpassing the projected $5.32 billion.
L3Harris also announced $8.3 billion in new orders during the quarter, resulting in a robust book-to-bill ratio of 1.5. Operating margin for the quarter was 10.5%, while adjusted segment operating margin improved to 15.9%.
“We delivered impressive second-quarter results, led by a record book-to-bill of 1.5x, solid organic growth, and year-over-year adjusted segment operating margin expansion for the seventh consecutive quarter,” said Christopher E. Kubasik, Chair and CEO of L3Harris.
“This marks a clear inflection point, with our strongest top-line growth in six quarters and meaningful progress towards our 2026 Financial Framework,” he added.
Following the better-than-expected performance, the company raised its full-year 2025 earnings guidance to a range of $10.40 to $10.60 per share, up from the prior outlook of $10.30 to $10.50. The revised forecast aligns with current consensus estimates of $10.50.
L3Harris now anticipates full-year revenue of approximately $21.75 billion, slightly above the previous guidance range of $21.4 billion to $21.7 billion. The company also increased its free cash flow projection to roughly $2.65 billion, up from the prior estimate of $2.4 billion to $2.5 billion.
L3Harris Technologies stock price
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