L3Harris Technologies, Inc. stock research
FY2026 Q1
L3Harris Technologies (LHX) Gross Margin & Quarterly History
Explore L3Harris Technologies, Inc. (LHX) gross margin from 2023 through the latest reported quarter, using SEC-sourced revenue, gross profit, and direct costs.
Gross margin takeaway
Quarter ended Apr 3, 2026 · FY2026 Q1
In the current quarter, revenue increased compared to the same quarter last year while gross profit remained unchanged, resulting in a lower gross margin. Cost of revenue grew at a faster pace than revenue, causing the margin to weaken relative to both the prior full year and the year-ago quarter.
- The primary observable driver is the relationship between cost of revenue and revenue; gross profit was flat year-over-year despite higher revenue, indicating that cost increases absorbed the additional revenue.
- Compared to the immediately preceding full fiscal year, the current quarter's gross margin is lower. Versus the same quarter one year earlier, gross margin also declined as revenue rose but gross profit did not increase.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
24.4%
Gross profit
$1.4B
Revenue
$5.7B
Cost of revenue
$4.3B
Quarter-over-quarter change
-2.0 pts
Year-over-year change
-1.9 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Mar 28, 2025 | $5.1B | $1.4B | $3.8B | 26.3% |
| Jun 27, 2025 | $5.4B | $1.3B | $4.1B | 24.6% |
| Oct 3, 2025 | $5.7B | $1.5B | $4.2B | 26.4% |
| Apr 3, 2026 | $5.7B | $1.4B | $4.3B | 24.4% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Oct 3, 2025
-2.0 pts
Year-over-year change
Mar 28, 2025
-1.9 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
The primary observable driver is the relationship between cost of revenue and revenue; gross profit was flat year-over-year despite higher revenue, indicating that cost increases absorbed the additional revenue.
Compared to the immediately preceding full fiscal year, the current quarter's gross margin is lower. Versus the same quarter one year earlier, gross margin also declined as revenue rose but gross profit did not increase.
Monitor the trend in cost of revenue relative to revenue, as it directly impacts gross margin.
Peer context
Latest available gross margins for related public companies.
| Company | Gross margin |
|---|---|
| L3Harris Technologies, Inc. (LHX) | 24.4% |