LHX · L3Harris Q2 FY2026 earnings call record财报电话会记录

“Until then, our team is intensely focused on what we do best, contracting the demand, building the capacity, and delivering for our customers.”

“Disruption is earned through innovation, speed, and a willingness to challenge the status quo while taking calculated risks.”

“I'm a big fan of the Trusted Disruptor model as it's about putting the warfighter first, taking calculated risks, delivering innovation at pace, and meeting our commitments to our customers, as well as meeting our financial commitments to our shareholders.”

“Segment operating income increased $79 million or 9%, and segment operating margin was 16%, up 10 basis points.”

“The $0.69 improvement was due to higher revenue volume, $0.36, improved program performance, $0.20, lower corporate and other expense, including the non-cash preferred deemed dividend, $0.24, offset by $0.11 of net product line sales and investment gains.”

“Space & Mission Systems segment operating margin was 9.8%, down 60 basis points from the prior year.”

“The decrease primarily reflects a $75 million product line sale gain in the prior year that did not repeat, partially offset by improved program performance and a $23 million net gain on segment investments.”

“We will continue to book orders internationally with our smart software-defined radios as we upgrade capability and interoperability.”

“Our 2026 guidance update also reflects the Department of War preferred stock investment, non-cash deemed dividend cost of $55 million, and the sale of a majority interest in our commercial space propulsion business that we expect to close in August.”

“We now expect the full year revenue of $23.2 billion-$23.7 billion, yielding organic revenue growth of 8%-10%.”

“The composition of the $0.40 earnings per share increase includes higher revenue volume $0.15, lower interest expense $0.15, net investment gains inclusive of non-cash preferred stock deemed dividend cost of $0.10.”

“At the segment level, Space & Mission Systems full year revenue increased $200 million-$11.7 billion.”