L3Harris Technologies Reports Strong Third Quarter 2025 Results, Increases 2025 Guidance

L3Harris reported total orders of $6.7 billion during the third quarter, achieving a book-to-bill ratio of 1.2x, indicating a healthy demand for its products and services. Revenue for the quarter reached $5.7 billion, reflecting a 7% increase year-over-year, with 10% organic growth.

The operating margin stood at 11.0%, while the adjusted segment operating margin rose to 15.9%, marking the eighth consecutive quarter of year-over-year margin expansion. Diluted earnings per share (EPS) were reported at $2.46, with non-GAAP diluted EPS increasing to $2.70, a 10% increase from the previous year.

Christopher Kubasik, Chair and CEO of L3Harris, expressed confidence in the company's trajectory: “We delivered another strong quarter, with robust organic revenue growth of 10%, reflecting our commitment to operational excellence and relentless focus on execution as drivers of profitable growth. We are driving sustained performance, marking our eighth consecutive quarter of year-over-year adjusted segment operating margin expansion, and advancing our strategic priorities in support of our customers’ missions.”

Kubasik emphasized the evolving landscape of the defense industry, which he described as entering "a new era defined by urgency, speed, and mission focus." He highlighted L3Harris's commitment to delivering resilient and rapidly deployable solutions, stating, "We are executing with focus and capturing new opportunities both domestically and abroad, such as the $2.2 billion Korea Airborne Early Warning & Control award received just after quarter end."

The company’s strategic investments in key growth areas, including space and munitions, have positioned it favorably to meet increasing demand from both government and commercial sectors.

The following table summarizes L3Harris's financial performance for the third quarter and year-to-date:

In light of its strong performance, L3Harris has increased its guidance for 2025 to a projected revenue of approximately $22 billion, up from the prior expectation of $21.75 billion. This adjustment reflects the company’s confidence in sustaining its growth trajectory through the remainder of the year.

L3Harris Technologies continues to demonstrate resilience and growth in a dynamic market landscape. With a strong order backlog, consistent margin improvements, and a focus on innovation, the company is well-positioned to meet the evolving needs of its customers and shareholders alike as it advances toward its 2026 Financial Framework.