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Percentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions.
| Analyst | Firm | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Sheila Kahyaoglu | Jefferies | 7 questions · 0% challenging |
| Myles Walton | Wolfe Research | 7 questions · 14% challenging |
| Seth Seifman | JPMorgan | 6 questions · 0% challenging |
| Doug Harned | Bernstein | 5 questions · 20% challenging |
| Peter Arment | Robert W. Baird | 5 questions · 0% challenging |
| Rob Stallard | Vertical Research Partners | 5 questions · 20% challenging |
| Ron Epstein | Bank of America | 5 questions · 0% challenging |
| Noah Poponak | Goldman Sachs | 5 questions · 40% challenging |
| Scott Mikus | Melius Research | 4 questions · 50% challenging |
| Gautam Khanna | TD Cowen | 4 questions · 25% challenging |
| Firm | Analysts | Questions · challengingPercentage of questions scored as challenging — where the analyst pushed back, pressed for specifics, or questioned management's assumptions. |
|---|---|---|
| Wolfe Research | 1 analyst | 7 questions · 14% challenging |
| Jefferies | 1 analyst | 7 questions · 0% challenging |
| JPMorgan | 1 analyst | 6 questions · 0% challenging |
| Bank of America | 1 analyst | 5 questions · 0% challenging |
| Goldman Sachs | 1 analyst | 5 questions · 40% challenging |
| Bernstein | 1 analyst | 5 questions · 20% challenging |
| Robert W. Baird | 1 analyst | 5 questions · 0% challenging |
| Vertical Research Partners | 1 analyst | 5 questions · 20% challenging |
Revenue surged to $5.7 billion with 15% organic growth and broad-based strength across all segments, while GAAP EPS of $2.72 rose 33% year-over-year. Record backlog nearing $40 billion with $25 billion in MAC awards pending and the Missile Solutions IPO with DoW's $1 billion investment highlighted the portfolio's momentum. Management raised EPS guidance by $0.10 to $11.40-$11.60 on lower interest and tax rates.
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Demand | Revenue Growth | Margin | Regulation Policy | Capex Investment | Competitive Dynamics | M&A | Cost Pressure | |
|---|---|---|---|---|---|---|---|---|
| 2024Q4 | 2 | 2 | 5 | 2 | 1 | 3 | 4 | |
| 2025Q1 | 6 | 1 | 1 | 2 | 2 | 2 | 1 | |
| 2025Q2 | 6 | 5 | 4 | 2 | 1 | 1 | 1 | |
| 2025Q3 | 4 | 3 | 3 | 2 | 2 | 4 | ||
| 2025Q4 | 7 | 3 | 3 | 3 | 2 | 1 | ||
| 2026Q1 | 4 | 7 | 1 | 1 | 1 | 2 | 1 |
| '24Q4 | '25Q1 | '25Q2 | '25Q3 | '25Q4 | '26Q1 | |
|---|---|---|---|---|---|---|
| Demand | 2 | 6 | 6 | 4 | 7 | 4 |
| Revenue Growth | 2 | 1 | 5 | 3 | 3 | 7 |
| Margin | 5 | 1 | 4 | 3 | 3 | 1 |
| Regulation Policy | 2 | 2 | 2 | 2 | 1 | |
| Capex Investment | 1 | 2 | 2 | 3 | 1 | |
| Competitive Dynamics | 1 | 4 | 2 | 2 | ||
| M&A | 3 | 2 | 1 | 1 | ||
| Cost Pressure | 4 | 1 | 1 | 1 |
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| Quarter | Revenue | Rev YoY | EPS | EPS YoY | Op margin | Net margin | FCF |
|---|---|---|---|---|---|---|---|
| FY2024 Q4 | $5.52B | +3.4% | $2.37 | +185.5% | 10.3% | 8.2% | $1.01B |
| FY2025 Q1 | $5.13B | -1.5% | $2.04 | +37.8% | 10.2% | 7.5% | $-101M |
| FY2025 Q2 | $5.43B | +2.4% | $2.44 | +27.1% | 10.5% | 8.4% | $552M |
| FY2025 Q3 | $5.66B | +6.9% | $2.46 | +17.1% | 11.0% | 8.2% | $427M |
| FY2025 Q4 | $5.65B | +2.3% | — | — | 7.0% | 5.3% | $1.80B |
| FY2026 Q1Selected | $5.74B | +11.9% | $2.72 | +33.3% | 11.4% | 8.9% | $-194M |
| FY2026 Q2 | $5.88B | +8.4% | $3.13 | +28.3% | 11.1% | 10.2% | $771M |
Management’s own words, often on a non-GAAP, constant-currency, or adjusted basis — so these can differ from the GAAP figures above (e.g. constant-currency revenue growth excludes currency swings).
Calendar quarter Q1 2026Earnings call Apr 30, 2026
FY2026 Q1 in brief
Revenue surged to $5.7 billion with 15% organic growth and broad-based strength across all segments, while GAAP EPS of $2.72 rose 33% year-over-year.
Newest quarter FY2026 Q2 is part of Pro · see what Pro adds →
GAAP revenue YoY +11.9% → base 7. The base score is anchored to the GAAP revenue YoY band before transcript, EPS, and guidance adjustments.
Sources. Tellvest earnings-call sentiment score for L3Harris (LHX), FY2026 Q1: 8/10. Scores: L3Harris’s public earnings-call transcripts and SEC-reported results — the base band is anchored to reported GAAP revenue growth; transcript, EPS and guidance adjustments are applied separately (documented exceptions apply to a few issuers). Price: LHX daily closing prices for the trailing year; dots mark earnings calls, colored by that quarter’s score; the newest quarter’s score is part of Tellvest Pro. How to read a company earnings-call score.
What LHX said about other companies on its FY2026 Q1 call, and what other companies said about LHX on their calls covering the same calendar quarter (Q1 2026). Each company's own fiscal quarter is shown next to its name. Extracted verbatim from public transcripts. Mentions from the newest quarter are a Pro feature.
“This is, again, all the great work that we've done together between Intuitive Machines or Lanteris and L3Harris. This is a continuation of that relationship and extending that relationship even further.”
Altemus described the AMDT3 tracking-satellite opportunity as a continuation and extension of the Intuitive Machines/Lanteris-L3Harris relationship, positive for L3Harris.
“Those bookings were led by the Space Development Agency Tranche 3 Tracking Layer award with L3Harris as well as our fifth CLPS lunar surface delivery mission.”
Intuitive Machines won the Space Development Agency Tranche 3 Tracking Layer award in partnership with L3Harris, a positive booking signal for the L3Harris-led program.
“LHX laid out this almost 20% CAGR through 2030 for the missiles business.”
An analyst cited L3Harris's stated ~20% missiles CAGR through 2030 as a benchmark for RTX's Raytheon effector/missiles growth.
“we rely on L3Harris for solid rocket motors”
L3Harris is a key PAC-3 supplier for solid rocket motors and has publicly committed to invest in scaling capacity alongside Lockheed's production ramp.
“as a supplier providing the solid rocket motors, you know, to the two major primes, Lockheed Martin and Raytheon specifically”
L3Harris supplies solid rocket motors to Raytheon (RTX) as a subcontractor on Munitions Acceleration Council programs, implying strong missile/munitions demand at Raytheon.
“as a supplier providing the solid rocket motors, you know, to the two major primes, Lockheed Martin and Raytheon specifically”
L3Harris supplies solid rocket motors to Lockheed Martin as a subcontractor on Munitions Acceleration Council programs (e.g. PAC-3, THAAD), implying strong munitions demand at Lockheed.
| Company | Score | Trend | Rev YoY | Headline |
|---|---|---|---|---|
| LHXL3Harris | 8 | +11.9% | Revenue surged to $5.7 billion with 15% organic growth and broad-based strength across all segments, while GAAP EPS of $2.72 rose 33% year-over-year | |
| ACHRArcher Aviation Inc. | 5 | n/a | Archer Aviation, a pre-commercial eVTOL developer, remained pre-revenue and deeply loss-making in Q1 (GAAP EPS of -$0.28) while emphasizing execution across its civil, defense and software lines | |
| AXONAxon Enterprise Inc. | 10 | +33.8% | AI Era Plan Driving Explosive Adoption | |
| BAThe Boeing Company | 7 | +14.0% | 737 production stabilized at 42/month, rate 47 this summer | |
| GDGeneral Dynamics | 8 | +10.3% | Strong Revenue Growth Across All Segments | |
| GEGE Aerospace | 7 | +24.7% | Exceptional Commercial Services Growth | |
| HIIHuntington Ingalls Industries | 6 | +13.3% | Strong Shipbuilding Revenue Growth Continues at 18% | |
| HWMHowmet Aerospace | 9 | +19.1% | Record Q1 Revenue Up 19% with 32% EBITDA Margin | |
| LMTLockheed Martin | 4 | +0.3% | Munitions Production Ramp Accelerates | |
| LUNRIntuitive Machines, Inc. | 3 | +198.7% | Intuitive Machines reported record first-quarter revenue of $186.7 million, roughly 3x the prior-year quarter, though the increase was driven almost entirely by the January 2026 Lanteris acquisition rather than organic growth | |
| NOCNorthrop Grumman | 6 | +4.4% | B-21 Production Rate Acceleration | |
| RKLBRocket Lab USA, Inc. | 8 | +63.5% | Rocket Lab delivered its strongest first quarter ever, with record revenue of $200.3 million, up 63.5% year-over-year and just above the high end of guidance, led by Space Systems at $136.7 million (up 57.2%) | |
| RTXRTX Corporation | 9 | +8.7% | Strong Organic Growth Across All Three Channels | |
| SPCXSpace Exploration Technologies Corp. | Has not reported Q1 2026 | n/a | Has not reported Q1 2026 | |
| TDGTransDigm Group | 10 | +18.3% | TransDigm delivered a beat-and-raise second quarter, with GAAP revenue up roughly 18% year over year (organic growth of approximately 11%) as all three channels grew: commercial aftermarket rose about 14%, commercial OEM about 12%, and defense about 11% | |
| TXTTextron | 7 | +11.8% | Industrial Separation Announced to Create Pure-Play A&D |
Revenue surged to $5.7 billion with 15% organic growth and broad-based strength across all segments, while GAAP EPS of $2.72 rose 33% year-over-year
Archer Aviation, a pre-commercial eVTOL developer, remained pre-revenue and deeply loss-making in Q1 (GAAP EPS of -$0.28) while emphasizing execution across its civil, defense and software lines
737 production stabilized at 42/month, rate 47 this summer
| Company | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 |
|---|---|---|---|---|---|---|
| LHX | 8 | 5 | 7 | 8 | 7 | 8 |
| ACHR | 5 | 5 | 5 | 5 | 5 | 5 |
| AXON | 8 | 8 | 8 | 8 | 10 | 10 |
| BA | 2 | 8 | 8 | 8 | 9 | 7 |
| GD | 8 | 8 | 8 | 8 | 6 | 8 |
| GE | 6 | 8 | 9 | 9 | 9 | 7 |
| HII | 3 | 5 | 7 | 9 | 9 | 6 |
| HWM | 9 | 9 | 9 | 9 | 9 | 9 |
| LMT | 6 | 7 | 6 | 8 | 7 | 4 |
| LUNR | 8 | 3 | 5 | 2 | 3 | 3 |
| NOC | 6 | 1 | 7 | 8 | 9 | 6 |
| RKLB | 8 | 8 | 8 | 8 | 8 | 8 |
| RTX | 9 | 6 | 5 | 9 | 7 | 9 |
| SPCX | No score | No score | No score | No score |
Strong Shipbuilding Revenue Growth Continues at 18%
Intuitive Machines reported record first-quarter revenue of $186.7 million, roughly 3x the prior-year quarter, though the increase was driven almost entirely by the January 2026 Lanteris acquisition rather than organic growth
Rocket Lab delivered its strongest first quarter ever, with record revenue of $200.3 million, up 63.5% year-over-year and just above the high end of guidance, led by Space Systems at $136.7 million (up 57.2%)
Has not reported Q1 2026
TransDigm delivered a beat-and-raise second quarter, with GAAP revenue up roughly 18% year over year (organic growth of approximately 11%) as all three channels grew: commercial aftermarket rose about 14%, commercial OEM about 12%, and defense about 11%
| No score |
| No score |
| TDG | 9 | 7 | 8 | 9 | 7 | 10 |
|---|
| TXT | 3 | 5 | 5 | 7 | 9 | 7 |
|---|