Short answer
L3Harris (LHX) filed its Q2 2025 10-Q quarterly report on Jul 24, 2025 for the quarter ended Jun 27, 2025. Quarterly revenue was $5.4B (up 2.4% year over year) with net income of $458M.
Q2 2025 key financials · XBRL
- Revenue
- $5.4B
- +2.4% YoY · +5.7% QoQ
- Net income
- $458M
- +25.1% YoY · +18.7% QoQ
- Operating margin
- 10.5%
- EPS (diluted)
- $2.44
- +27.1% YoY · +19.6% QoQ
Source: XBRL data from the L3Harris (LHX) Q2 2025 10-Q on SEC EDGAR. USD.
L3Harris Q2 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue from U.S. Government customers 76% YTD 2025, including foreign military sales
- 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
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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