HighGravityDataL3Harris Technologies — Jul 24, 2025 release
Fiscal 2026 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000202058-25-000147
Showing in the filing
Revenue
“~$21.75B (Prior: $21.4B - 21.7B)”
Period
FY2025
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 20
Revenue for FY2025
“~$21.75B (Prior: $21.4B - 21.7B)”
Adjusted segment operating margin for FY2025
“mid - high 15%”
Non-GAAP diluted EPS for FY2025
“$10.40 - $10.60 (Prior: $10.30 - $10.50)”
Adjusted free cash flow for FY2025
“~$2.65B (Prior: $2.4B - $2.5B)”
Communication Systems Revenue for FY2025
“$5,600 - $5,700”
Communication Systems Operating margin for FY2025
“~25%”
Integrated Mission Systems Revenue for FY2025
“~$6,400 (Prior: ~$6,300)”
Integrated Mission Systems Operating margin for FY2025
“~12% (Prior: high 11%)”
Space and Airborne Systems Revenue for FY2025
“~$7,100 (Prior: $6,900 - $7,100)”
Space and Airborne Systems Operating margin for FY2025
“low 12%”
Aerojet Rocketdyne Revenue for FY2025
“~$2,800”
Aerojet Rocketdyne Operating margin for FY2025
“mid 12%”
FAS/CAS operating adjustment for FY2025
“~$15 million”
Non-service FAS pension income for FY2025
“~$285 million”
Non-service FAS pension income
“~$270 million”
Net interest expense for FY2025
“~$600 million”
Effective tax rate on non-GAAP income for FY2025
“13.5% - 14.5%”
Effective tax rate on non-GAAP income
“11.0% - 12.0%”
Weighted-average diluted shares
“188 - 189”
Capital expenditures for FY2025
“~2% revenue”
Exhibit 99.1 · the passage around this item
… earlier in the release
PAGE 1 SUMMARY FINANCIAL RESULTS* Second Quarter Year to Date 2025 Guidance ($ millions, except per share data) 2025 2024 1 Change 2025 2024 1 Change Revenue (see Table 4 for organic revenue) Communication Systems $ 1,376 $ 1,346 $ 2,728 $ 2,640 Integrated Mission Systems 1,622 1,671 3,214 3,298 Space & Airborne Systems 1,787 1,707 3,398 3,458 Aerojet Rocketdyne 698 633 1,327 1,217 Corporate eliminations (57) (58) (109) (103) Revenue $ 5,426 $ 5,299 2 % $ 10,558 $ 10,510 — % ~$21.75B (Prior: $21.4B - 21.7B) Operating income Communication Systems 336 329 681 639 Integrated Mission Systems 214 200 417 385 Space & Airborne Systems 220 215 396 431 Aerojet Rocketdyne 93 81 169 158 Unallocated corporate expenses (292) (349) (567) (759) Operating income $ 571 $ 476 $ 1,096 $ 854 Adjusted segment operating income $ 863 $ 825 5 % $ 1,663 $ 1,613 3 % Margin Operating margin 10.5 % 9.0 % 10.4 % 8.1 % Adjusted segment operating margin 15.9 % 15.6 % 30 bps 15.8 % 15.3 % 50 bps mid - high 15% Tax rate Effective tax rate (GAAP) 12.6 % 5.9 % 14.1 % 4.1 % Effective tax rate (non-GAAP) 9.5 % 7.8 % 11.5 % 6.7 % EPS Diluted EPS $ 2.44 $ 1.92 $ 4.48 $ 3.40 Non-GAAP diluted EPS $ 2.78 $ 2.40 16 % $ 5.18 $ 4.64 12 % $10.40 - $10.60 (Prior: $10.30 - $10.50) Pension adjusted non-GAAP diluted EPS $ 2.42 $ 1.98 22 % $ 4.38 $ 3.79 16 % Diluted weighted-average common shares outstanding 187.8 190.6 188.5 190.8 Cash flow Cash from operations $ 640 $ 754 (15 %) $ 598 $ 650 (8 %) Adjusted free cash flow $ 574 $ 714 (20 %) $ 502 $ 558 (10 %) ~$2.65B (Prior: $2.4B - $2.5B) *A reconciliation of adjusted segment operating income and margin, non-GAAP effective tax rate, diluted EPS
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.