L3Harris Technologies (NYSE:LHX) Trading Down 10.8% - Should You Sell?

L3Harris Technologies (NYSE:LHX) experienced a 10.8% drop in share price despite reporting strong Q2 earnings that beat analyst estimates and raising its 2026 EPS guidance. This decline is attributed to profit-taking or investor disappointment that revenue guidance wasn't raised more aggressively, even with record order backlog. Analysts maintain a "Moderate Buy" rating, but the market's reaction suggests high near-term expectations for the defense contractor.