L3Harris Technologies, Inc. reported a revenue of $5.426 billion for the second quarter of 2025, marking a 2.4% increase from $5.299 billion in the same period last year. Year-to-date revenue also saw a slight rise, reaching $10.558 billion compared to $10.510 billion in 2024. The company’s net income for the quarter was $458 million, or $2.44 per diluted share, up from $366 million, or $1.92 per diluted share, in the prior year. This represents a 27% increase in diluted earnings per share year-over-year, driven by improved operational efficiencies and a favorable revenue mix.
The financial performance reflects several strategic developments, including the divestiture of the Commercial Aviation Solutions (CAS) segment, which was completed in March 2025. This divestiture generated $831 million in cash proceeds and is expected to enhance L3Harris's focus on its core defense and aerospace operations. The company also reported a backlog of $35.4 billion as of June 27, 2025, with approximately 45% expected to be recognized as revenue over the next twelve months. This backlog indicates a stable demand for L3Harris's products and services, particularly in the defense sector.
Operationally, L3Harris has seen a shift in its revenue streams, with the Communication Systems (CS) segment generating $1.376 billion in the second quarter, a 2% increase from the previous year. The Integrated Mission Systems (IMS) segment, however, experienced a 3% decline in revenue to $1.622 billion, primarily due to the impact of the CAS divestiture. The Space & Airborne Systems (SAS) segment reported a 5% increase in revenue, while the Aerojet Rocketdyne (AR) segment saw a 10% rise, reflecting increased production volumes in missile solutions.
The company’s cost management strategies have also contributed to its profitability. General and administrative expenses decreased by 14% to $764 million, aided by lower costs associated with the LHX NeXt initiative aimed at enhancing operational efficiency. Additionally, L3Harris reported a decrease in interest expenses, which fell to $152 million from $172 million in the prior year, further bolstering net income. Looking ahead, L3Harris anticipates continued growth driven by strong demand in defense spending, particularly in light of recent U.S. government budget allocations and international defense commitments. The company remains focused on leveraging its technological capabilities to meet evolving customer needs in the defense sector.
About L3HARRIS TECHNOLOGIES, INC. /DE/
About 10-Q Filings
A 10-Q form is an important financial report that public companies in the United States must submit every three months. It gives a clear picture of a company's financial health and recent performance.
Key points about the 10-Q:
- Frequency: Companies file it three times a year, covering the first three quarters. The fourth quarter is covered in a more comprehensive annual report.
-
Content: It includes:
- Financial statements showing the company's current financial position
- Updates from management on the performance and projections of the business
- Information about potential risks the company faces
- Details on how the company is run internally
- Deadline: Must be filed within 40 or 45 days after the quarter ends, depending on the size of the company.
Our Methodology
AssetRoom is committed to providing timely summaries of news from public companies. We use AI to generate these summaries quickly, but they are not reviewed by human experts.
Our method:
- Data Collection: We continuously monitor for new filings (currently limited to US-listed stocks).
- AI-Powered Analysis: Our advanced AI system processes each filing, identifying key information and extracting relevant data.
- Summary Generation: The AI creates a concise, easy-to-understand summary of the filing, highlighting the most important points.
- Publication: The summary is immediately published on our platform, allowing users instant access to the latest information.
- Email users: We distribute round-up emails according to our users preferences, keeping them in the loop with the companies they follow.
Feedback & Corrections
Spot an error or have a suggestion? Contact us.