L3Harris Technologies' first quarter revenue grew 15% organically on record orders, prompting a raised forecast.

L3Harris Technologies reported first quarter 2026 revenue of $5.74 billion, representing 15% organic growth, and GAAP EPS of $2.72, up 33% year-over-year. The company saw exceptionally strong demand, with a book-to-bill ratio of 1.4x contributing to a record backlog.

Key Highlights

• New orders of $7.8 billion drove the book-to-bill ratio to 1.4x and increased the total backlog to a record $40.7 billion.
• Revenue growth was broad-based, with all segments contributing to the 15% organic increase, led by 24% growth in Space & Mission Systems.
• Full-year 2026 GAAP EPS guidance was raised to a range of $11.40 - $11.60, from a prior range of $11.30 - $11.50.