L3Harris Technologies, Inc. (LHX) Beats Earnings Estimates, Analysts Lift Price Targets

L3Harris Technologies, Inc. (NYSE:LHX) is among the top 8 defense stocks based on ChatGPT’s advice. On October 30, the company reported strong results for the third quarter of fiscal 2025 and announced an increase in its full-year financial guidance.

LHX’s revenue was reported at $5.7 billion, up 7% year-over-year and 10% organically, amid growth across all segments, driven by increased international demand, higher volume on ongoing programs, and new programs ramping up. Operating margin stood at 11%, while the adjusted segment operating margin was reported at 15.9%.

The financial results marked the 8th successive quarter of year-over-year expansion in adjusted segment operating margin. During the earnings call, the company credited the recent quarter’s margin expansion to LHX NeXt cost savings across segments and improved program performance.

L3Harris Technologies, Inc.’s (NYSE:LHX) diluted EPS for the quarter was $2.70, improving 10% from the prior year and beating estimates by 12 cents. The company received $6.7 billion in orders during the quarter, resulting in a book-to-bill ratio of 1.2x.

Chairman and CEO Christopher Kubasik believes the firm is on track to meet its 2026 financial framework and deliver long-term profitable growth, amid a record pipeline, growing demand, and timely investments in areas like space and munitions.

Following the earnings call, on October 31, Susquehanna lifted its price target on the stock to $350 from $320 and maintained a Positive rating on its shares. The analyst believes the company is well-placed to secure future contract awards.

On the same day, UBS also raised its price target for LHX to $323 from $318, while maintaining a Neutral rating on its shares. In a research note to investors, the analyst said the company was experiencing growing momentum across multiple areas.

L3Harris Technologies, Inc. (NYSE:LHX) provides end-to-end technology solutions connecting the air, land, space, sea, and cyber domains in national security. The stock has delivered impressive returns in 2025, returning nearly 40% year-to-date.

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Disclosure: None.