L3harris Technologies, Inc. LHX

Revenue Intelligence Report • 30 quarters of SEC filing data • Updated 2026-10-14 • Data through 2026-07-03

L3harris Technologies, Inc.'s latest quarterly revenue is $5.9B for the period ending 2026-07-03. The model projects $40.3B across the next four quarters (+3.0% versus the preceding four quarters). The forecast uses SG&A data; model selection and estimation exclude the latest quarter, whose retrospective holdout error is 15.7%. These are statistical associations, not estimates of the causal effect of spending.

Investment Thesis

The ARDL forecast is based on reported revenue and SG&A data through 2026-07-03. Training MAPE measures fit to historical data; the separately reported holdout error measures a withheld quarter. Spending coefficients describe associations and do not establish causation.

Next 4 Quarters
$40.3B
+3.0% YoY
SG&A Elasticity
1.32x
Training Fit
14.5% MAPE
Retrospective holdout (Q2 FY2027): The model predicted $6.80B vs the actual $5.88B — an error of 15.7%.
Retrospective one-quarter holdout: model fitting and selection exclude this quarter. Historical inputs use the latest available restatements, so this is not a preserved real-time forecast.
Note: L3harris Technologies, Inc. does not report R&D expenses separately. The model uses the available expense measure without a separate R&D term.
Investor insight: Actual revenue ($5.9B) came in 16% below the spending-based forecast ($6.8B). This suggests spending is not yet translating to revenue at historical rates.

Revenue Forecast

LHX Revenue Forecast

Quarterly Detail

QuarterModel ForecastActual95% RangeYoY GrowthStatus
Q2 FY2027
Period end 2026-07-03		 $6.80B $5.88B $4.11B–$11.26B +25.4% ✓ In range
Q3 FY2027
Period end 2026-10-03		 $5.67B $2.78B–$11.56B +0.1%
Q4 FY2027
Period end 2027-01-03		 $17.94B $7.50B–$42.94B -17.9%
Q1 FY2028
Period end 2027-04-03		 $8.64B $3.15B–$23.66B +50.4%
Q2 FY2028
Period end 2027-07-03		 $8.09B $2.62B–$24.96B +37.6%

Seasonal Factors

Multiplicative seasonal adjustment: These factors capture L3harris Technologies, Inc.'s systematic quarterly revenue patterns relative to the trend model. A factor of 1.05 means that quarter typically runs 5% above the underlying trend; 0.95 means 5% below. Factors are computed as the median of (actual / fitted) across all available quarters.
Fiscal QuarterSeasonal Factorvs TrendInterpretationObs.
FQ1 (Feb–Apr) 0.9895 -1.0% In line with trend 7
FQ2 (May–Jul) 0.9749 -2.5% In line with trend 6
FQ3 (Aug–Oct) 0.9901 -1.0% In line with trend 6
FQ4 (Nov–Jan) 1.0577 +5.8% +5.8% above trend 6

Spending and Revenue

LHX Spending Timing
Reading this chart: Each line shows the cumulative revenue association with a 1% change in spending over subsequent quarters. These estimates describe historical associations and do not establish causation.

Time-Varying Spending Associations

Time-varying analysis: A penalized spline model (GAM) tracks the association between log spending and log revenue over 30 quarters. Its coefficients describe conditional historical associations, not causal returns on spending.
Current SG&A elasticity: 1.5744x
The model-term chart shows relative absolute term magnitudes. Its percentages are not shares of revenue or causal contributions to growth.

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Data sourced from SEC EDGAR XBRL filings. SEC source data. Forecast model: ARDL; spending associations: ARDL (log-log) with 30 quarters. This analysis is for informational purposes only and does not constitute investment advice.

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