22m agoWSJ BusinessBULLISH 74Earnings
L3Harris Raises Yearly Guidance After Notching Record Backlog
The defense contractor now projects earnings per share between $12.25 to $12.35 for the full year, up from $11.80 to $12 previously.
Why Is L3HARRIS TECHNOLOGIE (LHX) Stock Moving Today?
By the Top Tier Newswire AI Desk · August 17, 2026 at 8:10 AM ET · reviewed against 11 wire stories
L3HARRIS TECHNOLOGIE (LHX) is drawing unusual attention today. Our newswire has captured 11 stories on LHX across 7 sources in the last 36 hours, with AI sentiment reading bullish (avg 62/100).
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LHX stock is moving lower today, down 3.2% as of the latest trade, driven by the unexpected departure of CEO Christopher Kubasik amid a conduct review. The company announced the change in an SEC 8-K filing and named Sam Mehta, a company insider, as the new president and CEO. The leadership transition has triggered investor caution despite the firm reaffirming its FY2026 guidance for consolidated revenue and earnings per share.
What Happened
Christopher Kubasik, L3Harris Technologies' CEO, stepped down following an internal review into unspecified conduct, as disclosed in an 8-K filing on August 17. The company immediately appointed Sam Mehta, a long-time executive with a background in aerospace and defense, to lead the firm. The change comes as the company continues to navigate a challenging defense and technology landscape, with the Pentagon preparing to test new missile defense systems and expand its budget. Despite the leadership shift, L3Harris reaffirmed its FY2026 revenue guidance of $23.2 billion to $23.7 billion, aligning with the $23.579 billion consensus estimate.
What The Data Shows
Intraday trading showed a sharp decline from the opening price of $291.81 to a low of $282.00 within an hour, with the stock settling at $284.35. The volume remains at 0.0M shares, matching the average. The stock is currently trading within its 52-week range of $262.68 to $379.23. The company’s fundamentals remain strong, with a market cap of $53.9B, a P/E of 29.0, and a revenue growth of 7.3% trailing twelve months. The stock’s beta of 0.51 suggests it is less volatile than the broader market.
What To Watch
The stock’s near-term direction may depend on how the market reacts to Mehta’s leadership and the outcome of the conduct review. Investors should monitor any further updates on the company’s strategic direction and performance in the defense sector.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.
LHX by the numbers
7 sessions: +6.88%Coverage: 11 stories / 7 sourcesAI sentiment: 62/100 (bullish)Mkt cap: $53.9BP/E: 29.052w: $262.68 to $379.23
The headlines behind the move
22m agoBarron'sBULLISH 71Earnings
What Defense Slump? L3Harris Posts Strong Earnings, Like Peers.
1h agoThe FlyBULLISH 67Earnings
L3Harris Technologies raises FY26 GAAP EPS to $12.25-$12.35 from $11.80-$12.00
1h agoSeeking AlphaBULLISH 74Earnings
L3Harris Technologies beats street views, raises guidance as backlog hits record $53.2B
L3Harris Q3 earnings beat on EPS and revenue, with raised FY2026 guidance, strong free cash flow, and record backlog.
1h agoThe FlyBULLISH 67Earnings
L3Harris Technologies reports Q3 EPS $3.28, consensus $2.95
1h agoSEC 8-KNEUTRAL 50General
L3HARRIS TECHNOLOGIES, INC. /DE/ (LHX) files 8-K
Filed: 2026-10-29 AccNo: 0000202058-26-000084 Size: 3 MB Item 2.02: Results of Operations and Financial Condition Item 9.01: Financial Statements and Exhibits
1h agoStockTitanBULLISH 74Earnings
L3Harris Delivers Record Backlog and Strong Third-Quarter Results
19h agoGlobeNewswireNEUTRAL 50General
Underwater Communication Systems - Global Strategic Business Report (2026-2032) Featuring Intelligence on Kongsberg Gruppen, L3Harris Technologies, Saab AB, and Sonardyne
Capitalize on AUVs, offshore energy and naval modernization through hybrid, AI-enabled communications, compact modems and secure underwater IoT networks...
19h agoGlobeNewswireBULLISH 58General
Ground Control Station - Global Strategic Business Report: Capitalize on 15.1% CAGR to US$18.3B by 2032; Track Elbit Systems, General Atomics, L3Harris and Lockheed Martin
Boost ROI with multi-UAS control, AI automation, portable stations and advanced connectivity—cutting costs and operator workload while improving mission...
19h agoSeeking AlphaNEUTRAL 50Earnings
L3Harris Technologies Q3 2026 Earnings Preview
L3Harris Technologies (LHX) is scheduled to announce Q3 earnings results on Thursday, October 29th, before market open. The consensus EPS Estimate is $2.95 (+9.
Frequently asked questions
Why is LHX stock moving today?
L3HARRIS TECHNOLOGIE (LHX) is drawing unusual attention today. Our newswire has captured 11 stories on LHX across 7 sources in the last 36 hours, with AI sentiment reading bullish (avg 62/100). The most recent driver: "L3Harris Raises Yearly Guidance After Notching Record Backlog" (WSJ Business).
Is LHX a buy right now?
Top Tier Newswire does not give financial advice. Our AI sentiment across the last 36 hours of LHX coverage reads 62/100 over 11 stories; treat it as a research signal and do your own diligence.
How fast does this page update?
The data sections refresh continuously as the newswire lands coverage; the written analysis is published once per trading day. Pro subscribers additionally get real-time push alerts, watchlists, and the full live terminal.
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More on LHX: full news and sentiment history. Sentiment scores are AI-derived research signals, not financial advice.
Earlier LHX move explainers: 2026-08-17