L3Harris Technologies reported third‑quarter 2025 results that exceeded expectations, posting diluted earnings per share of $2.46 and non‑GAAP diluted earnings per share of $2.70. Revenue for the quarter was $5.66 billion, a 7% year‑over‑year increase and 10% organic growth.
The company raised its full‑year 2025 outlook, projecting revenue of $22 billion and a non‑GAAP diluted EPS range of $10.50 to $10.70. Segment operating margin guidance was increased to 15.9% for the year, reflecting the impact of cost‑saving initiatives under the LHX NeXt program and continued demand for high‑priority national‑security solutions.
Comparing to the same quarter in 2024, revenue rose from $5.30 billion, diluted EPS increased from $2.10 to $2.46, and operating margin improved from 9.4% to 11.0%. The company also reported $6.7 billion in orders, giving a book‑to‑bill ratio of 1.2x, and adjusted free cash flow of $449 million, down 38% due to temporary customer payment delays.
Segment revenue breakdown for Q3 2025 was $1.46 billion for Communication Systems, $1.70 billion for Integrated Missions Systems, $1.81 billion for Space and Airborne Systems, and $755 million for Aerojet Rocketdyne. The company highlighted strong production volumes across key programs and new program ramps as drivers of its organic growth.
The guidance increase underscores the effectiveness of LHX NeXt cost‑saving measures and the company’s focus on growth areas such as space systems and munitions, positioning it well for its 2026 financial targets.
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