L3Harris (LHX) Q2 2025 10-Q Quarterly Report
Filed: Jul 24, 2025Period ending Jun 27, 2025
Health Care
Search, Detection, Navigation, Guidance, Aeronautical SysSEC EDGAR L3Harris (LHX) 10-Q quarterly report for Q2 2025, filed with SEC EDGAR on Jul 24, 2025 for the fiscal period ending Jun 27, 2025. This page provides AI-powered analysis including management discussion & analysis (MD&A), risk factor updates, and key quarterly financial data such as revenue and net income extracted from XBRL.
L3Harris Q2 2025 10-Q Analysis
Management Discussion & Analysis
- • Revenue from U.S. Government customers 76% YTD 2025, including foreign military sales
- • No specific quarterly revenue or YoY figures disclosed in text provided
- • No profitability or margin % figures reported in excerpt
- • Increased defense funding: $851B DoD in GFY 2025 CR, plus $155B national defense in 2026 reconciliation package
- • Management notes evolving budget environment with inflation, geopolitical tensions, and potential defense acquisition reforms
Risk Factors
- • New risk: Increased operational complexity from CAS disposal group divestiture in March 2025 affecting IMS revenue and costs
- • Material update: Effective Tax Rate rose to 14.1% YTD 2025 from 4.1% YTD 2024 due to state legislative change and CAS divestiture impacts
- • Regulatory risk: State legislative change required valuation allowance on R&D credit carryforwards, increasing tax expense and impacting earnings
- • Market risk: Lower IMS segment revenue (-3% YTD) driven by CAS divestiture, partially offset by classified ISR program ramp
- • Financial risk: Share repurchases increased to $822M YTD 2025 from $322M YTD 2024, impacting cash flow and liquidity available for investments
L3Harris Q2 2025 Quarterly FinancialsXBRL
Revenue
$5.4B
▲ +2.4% YoY▲ +5.7% QoQ
Net Income
$458M
▲ +25.1% YoY▲ +18.7% QoQ
Operating Margin
10.5%
▲ +154bp YoY▲ +29bp QoQ
Net Margin
8.4%
▲ +153bp YoY▲ +92bp QoQ
EPS (Diluted)
$2.44
▲ +27.1% YoY▲ +19.6% QoQ
Operating Cash Flow
$640M
▼ -15.1% YoY▲ +1623.8% QoQ
Source: XBRL data from L3Harris Q2 2025 10-Q filing on SEC EDGAR. All figures in USD.
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