Q2 2026 Earnings Summary
Metric | YoY Change | Reason |
---|---|---|
Total Revenue | Up ≈2% ( ) | Total Revenue rose from $5,299 million to $5,426 million in Q2 2026, driven by robust gains in the SAS segments and AR despite a decline in IMS; strong increases in SAS Products (188% YoY) and SAS Services (238% YoY) and a 20% jump in AR revenue more than offset modest growth in CS and declines in IMS. |
SAS Segment Revenue | Up 5% ( ) | The SAS segment increased from $1,707 million to $1,787 million, largely due to dramatic increases in its sub-segments – a surge in products and services revenue – reflecting new sales initiatives and strong market performance, overcoming challenges noted in previous periods. |
SAS Products Revenue | Up ≈188% ( vs ) | SAS Products revenue soared from $382 million to $1,101 million, indicating a major strategic turnaround; this dramatic growth reflects the lifting of previous constraints possibly related to divestitures or program timing issues, now replaced by strong market demand and successful program ramp-ups. |
SAS Services Revenue | Up ≈238% ( vs ) | SAS Services revenue jumped from $199 million to $673 million due to a substantial increase in Mission Networks volume (the FAA mission-critical safety of flight business), signifying a sharp improvement in service-related performance compared to prior period limitations. |
IMS Revenue | Down >6% ( vs ) | IMS revenue declined from $1,729 million to $1,622 million, likely due to lower aircraft missionization volume and planned program ramp-downs that continued trends seen in earlier periods, resulting in a noticeable decrease despite the overall company growth. |
CS Revenue | Up ≈2% ( vs ) | CS revenue experienced a modest increase from $1,346 million to $1,376 million, driven by higher international sales and terminal inventory transactions, reflecting steady progress compared to previous factors that kept revenue near a plateau. |
AR Revenue | Up ≈20% ( vs ) | AR revenue increased from $581 million to $698 million, primarily due to a boost from increased production volume and new program ramps, marking a significant operational improvement relative to the previous period. |
Corporate Eliminations | Improved from -$64 million to -$57 million ( vs ) | The improvement in corporate eliminations reflects more efficient internal processes or consolidation efforts; while not a revenue driver itself, the reduction in negative eliminations has helped enhance overall reported earnings compared to the prior period. |
Research analysts covering L3HARRIS TECHNOLOGIES, INC. /DE/.