10-Q
Quarterly report
✓ VerifiedL3Harris posted Q2 2026 revenue of $5,881 million, up $455 million or 8%, with net income of $600 million and diluted EPS of $3.13, and closed a $1 billion Department of War investment in its Aerojet Rocketdyne Missile Solutions subsidiary.
Filed Jul 30, 2026 · 09:06 ET
Summary
- Second quarter 2026 revenue was $5,881 million, an increase of $455 million or 8%, with net income of $600 million and diluted EPS of $3.13 versus $2.44 a year earlier.
- Year to date 2026 revenue was $11,625 million, up $1,067 million or 10%, with net income of $1,112 million.
- On April 17, 2026, through subsidiary Aerojet Rocketdyne Holdings, the company entered a DoW Investment Agreement issuing 10,000 shares of Series A Convertible Preferred Stock and warrants for an aggregate $1 billion, with net proceeds of $973 million to expand missile manufacturing capacity.
- Effective fiscal 2026 the company streamlined from four segments to three: Space & Mission Systems, Communications & Spectrum Dominance, and Missile Solutions.
- Space & Mission Systems revenue rose to $2,966 million and Missile Solutions revenue rose 14% to $1,054 million, while ending contractual backlog for Space & Mission Systems reached $22,431 million.
- The Board increased the quarterly dividend to $1.25 from $1.20, the 25th consecutive annual increase, and the company repurchased 1.5 million shares for $525 million year to date 2026.
Key facts
- Q2 2026 revenue
- $5,881 million
From the filing for Q2 2026 revenue
“Revenue increased $455 million, or 8% reflecting higher revenues across all segments”
- Q2 2026 net income
- $600 million
From the filing for Q2 2026 net income
“Net income $ 600 $ 458 $ 1,112 $ 844”
- Q2 2026 diluted EPS
- $3.13
From the filing for Q2 2026 diluted EPS
“Diluted $ 3.13 $ 2.44 $ 5.85 $ 4.48”
- DoW investment
- $1 billion
From the filing for DoW investment
“for an aggregate purchase price of $ 1 billion, which is the initial face value of the Subsidiary Series A Preferred Stock”
- Preferred stock issued
- 10,000 shares
From the filing for Preferred stock issued
“the issuance and sale of 10,000 shares of Redeemable AR Series A Convertible Preferred Stock”
- Net proceeds
- $973 million
From the filing for Net proceeds
“Net proceeds of $ 973 million are to be used, under the terms of the DoW Investment Agreement, to fund development and construction activities on expanding our missile manufacturing capacity”
- Segment reorganization
- four segments to three segments
From the filing for Segment reorganization
“we streamlined our operating segments, which are also our reportable segments or business segments, from four segments to three segments”
- Quarterly dividend
- $1.25 from $1.20
From the filing for Quarterly dividend
“our Board increased the quarterly per share cash dividend rate on our common stock to $1.25 from $1.20, the 25th consecutive annual dividend increase”
Why it mattersThe DoW Investment Agreement provides $973 million in net proceeds to expand missile manufacturing capacity within the Aerojet Rocketdyne Missile Solutions segment, with a path to a possible AXYV public offering by December 31, 2027. The segment reorganization consolidates satellite and payload capabilities under Space & Mission Systems.
- Filed
- Jul 30, 2026
- Accepted
- 2026-07-30 13:06Z
- Period
- Jul 3, 2026
- Accession no.
- 0000202058-26-000058
- Size
- 9.2 MB
- Index
- Filing index