Why Is L3Harris Stock Falling on Thursday?

L3Harris Technologies Inc. (NYSE:LHX) stock traded lower on Thursday after the company reported second-quarter financial results following Wednesday’s closing bell, with investors appearing to focus on full-year sales guidance whose midpoint came in below Wall Street estimates.

The Nasdaq is up 3.07% while the S&P 500 has gained 1.41%, and Industrials are also higher by 0.42%.

• L3Harris Technologies stock is testing lower boundaries. What’s pressuring LHX?

L3Harris reported quarterly earnings of $3.13 per share, beating the consensus estimate of $2.80 by 11.79%. Quarterly revenue reached $5.88 billion, topping the Street estimate of $5.81 billion.

Updated Fiscal 2026 Outlook

L3Harris raised its fiscal 2026 adjusted EPS guidance to between $11.80 and $12, compared to the $11.61 analyst estimate. The company updated its full-year revenue guidance to between $23.2 billion and $23.7 billion, versus the $23.58 billion estimate.

LHX’s Key Technical Levels to Watch

From a longer-term trend perspective, LHX is still in a clear downtrend: it’s trading 9% below its 20-day SMA, 11.2% below its 50-day SMA, and roughly 16% below both its 100-day and 200-day averages. The 20-day SMA sitting below the 50-day SMA keeps the near-term structure bearish, and the death cross in June (50-day falling below the 200-day) reinforces that the intermediate trend has been pointed lower.

Momentum is the more interesting part of the chart right now: MACD is above its signal line and the histogram is positive, which suggests downside pressure is easing versus the prior downswing even if price hasn’t reclaimed key trend levels yet.

LHX Benzinga Edge Rankings Breakdown

Below is the Benzinga Edge scorecard for L3Harris Technologies, highlighting its strengths and weaknesses compared to the broader market:

• Momentum: Weak (Score: 21.98) — The stock’s trend profile is still lagging, which fits with price remaining well below key moving averages.
• Quality: Neutral (Score: 69.78) — Business quality screens better than the chart, suggesting fundamentals may be steadier than recent price action implies.
• Value: Weak (Score: 26.16) — The valuation profile looks less compelling on this model, which can limit dip-buying interest during drawdowns.
• Growth: Neutral (Score: 33.83) — Growth factors are middling here, so the stock may need clearer catalysts to re-rate higher.

LHX Stock Price Activity: L3Harris Technologies shares were down 11.07% at $264.58 at the time of publication on Thursday, according to Benzinga Pro data.

Photo by Piotr Swat via Shutterstock