HighGravityDataL3Harris Technologies — Oct 30, 2025 release
Fiscal 2026 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000202058-25-000169
Showing in the filing
Adjusted segment operating margin
“high 15% (Prior: mid - high 15%)”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 17
Revenue for FY2025
“~$22B (Prior: ~$21.75B)”
Adjusted segment operating margin for FY2025
“high 15% (Prior: mid - high 15%)”
Non-GAAP diluted EPS for FY2025
“$10.50 - $10.70 (Prior: $10.40 - $10.60)”
Adjusted free cash flow for FY2025
“~$2.65B”
Communication Systems Revenue for FY2025
“~$5,700 (Prior: $5,600 - $5,700)”
Communication Systems Operating margin for FY2025
“~25%”
Integrated Mission Systems Revenue for FY2025
“~$6,500 (Prior: ~$6,400)”
Integrated Mission Systems Operating margin for FY2025
“low - mid 12% (Prior: ~12%)”
Space and Airborne Systems Revenue for FY2025
“~$7,100”
Space and Airborne Systems Operating margin for FY2025
“low 12%”
Aerojet Rocketdyne Revenue for FY2025
“$2,800 - $2,900 (Prior: ~$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”
Net interest expense for FY2025
“~$600 million”
Effective tax rate on non-GAAP income for FY2025
“13.5% - 14.5%”
Capital expenditures for FY2025
“~2% revenue”
Exhibit 99.1 · the passage around this item
… earlier in the release
PAGE 1 SUMMARY FINANCIAL RESULTS* Third Quarter Year to Date 2025 Guidance ($ millions, except per share data) 2025 2024 1 Change 2025 2024 1 Change Revenue (see Table 4 for organic revenue) Communication Systems $ 1,462 $ 1,382 $ 4,190 $ 4,022 Integrated Mission Systems 1,700 1,608 4,914 4,906 Space & Airborne Systems 1,809 1,683 5,207 5,141 Aerojet Rocketdyne 755 669 2,082 1,886 Corporate eliminations (67) (50) (176) (153) Revenue $ 5,659 $ 5,292 7 % $ 16,217 $ 15,802 3 % ~$22B (Prior: ~$21.75B) Operating income Communication Systems 382 359 1,063 998 Integrated Mission Systems 204 204 621 589 Space & Airborne Systems 218 195 614 626 Aerojet Rocketdyne 96 76 265 234 Unallocated corporate items (279) (339) (846) (1,098) Operating income $ 621 $ 495 $ 1,717 $ 1,349 Adjusted segment operating income $ 900 $ 834 8 % $ 2,563 $ 2,447 5 % Margin Operating margin 11.0 % 9.4 % 10.6 % 8.5 % Adjusted segment operating margin 15.9 % 15.8 % 10 bps 15.8 % 15.5 % 30 bps high 15% (Prior: mid - high 15%) Tax rate Effective tax rate (GAAP) 18.5 % 6.0 % 15.7 % 4.9 % Effective tax rate (non-GAAP) 15.6 % 9.7 % 13.0 % 7.8 % EPS Diluted EPS $ 2.46 $ 2.10 $ 6.92 $ 5.50 Non-GAAP diluted EPS $ 2.70 $ 2.46 10 % $ 7.87 $ 7.10 11 % $10.50 - $10.70 (Prior: $10.40 - $10.60) Pension adjusted non-GAAP diluted EPS $ 2.36 $ 2.05 15 % $ 6.74 $ 5.83 16 % Diluted weighted-average common shares outstanding 188.1 190.5 188.6 190.7 Cash flow Cash from operations $ 546 $ 780 (30 %) $ 1,144 $ 1,430 (20 %) Adjusted free cash flow $ 449 $ 728 (38 %) $ 951 $ 1,286 (26 %) ~$2.65B Repurchases of common stock $ 176 $ 190 (7 %) $ 998 $ 512 95 % *A reconciliation of adjusted segment operating income and margin, non-GAAP effective tax rate, non-GAAP diluted EPS and pension adjusted diluted EPS, and adjusted free cash flow on a forward-looking basis to GAAP is not available without unreasonable effort due to the unavailability of items for exclusion from the GAAP measure. We are unable to address the probable significance of this information, the variability of which may have a significant impact on future GAAP results. See Non-GAAP Financial Measures on page 7 for more information. We are not assuming, and forward-
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.