Lockheed Martin Corp (LMT) stock
LMTNYSEGuided Missiles & Space Vehicles & PartsFiscal year ends December 31
Financials through Q2 FY2026, quarter ended Jun 28, 2026Last filing: 10-Q on Oct 22, 2026Score 15/3033% above fair value
$636.95−6.64 (-1.03%)
Close on Oct 30, 2026Market cap $147.00BP/E 23.5Yield 2.10%
Earnings
Lockheed Martin's quarterly results as reported in its earnings releases, with the company's own outlook. Hover a number to see the sentence it came from.
Next report
Jan 28, 2027
Q4 FY2026 · estimated, before the open
Revenue, Q3 FY2026
$20.70B
+11.3% on a year earlier
Adjusted EPS, Q3 FY2026
$7.97
$6.95 a year earlier
Latest guidance
Issued
Oct 22, 2026 · 8 items
Quarterly results
Revenue and earnings per share from each of Lockheed Martin's earnings releases, newest first
| Quarter | Reported | Revenue | YoY | EPS | Adj. EPS | Source |
|---|---|---|---|---|---|---|
| Q4 FY2026ended Dec 31, 2026 | Jan 28, 2027Expected | – | – | – | – | – |
| Q3 FY2026ended Sep 28, 2026 | Oct 22, 2026before the open | $20.70B | +11.3% | $7.97 | – | Release |
| Q2 FY2026ended Jun 28, 2026 | Jul 23, 2026before the open | $20.06B | +10.2% | $7.94 | – | Release |
| Q1 FY2026ended Mar 29, 2026 | Apr 23, 2026before the open | $18.00B | 0.0% | $6.44 | – | Release |
| Q4 FY2025ended Dec 31, 2025 | Jan 29, 2026before the open | $20.30B | +9.1% | $5.80 | – | Release |
| Q3 FY2025ended Sep 28, 2025 | Oct 21, 2025before the open | $18.60B | +8.7% | $6.95 | – | Release |
| Q2 FY2025ended Jun 29, 2025 | Jul 22, 2025before the open | $18.20B | +0.6% | $1.46 | – | Release |
| Q1 FY2025ended Mar 30, 2025 | Apr 22, 2025before the open | $18.00B | +4.7% | $7.28 | – | Release |
| Q4 FY2024ended Dec 31, 2024 | Jan 28, 2025before the open | $18.60B | -1.6% | $2.22 | – | Release |
| Q3 FY2024ended Sep 29, 2024 | Oct 22, 2024before the open | $17.10B | +1.2% | $6.80 | $6.84 | Release |
| Q2 FY2024ended Jun 30, 2024 | Jul 23, 2024before the open | $18.10B | +8.4% | $6.85 | $7.11 | Release |
| Q1 FY2024ended Mar 31, 2024 | Apr 23, 2024before the open | $17.20B | +13.9% | $6.39 | $6.33 | Release |
| Q4 FY2023ended Dec 31, 2023 | Jan 23, 2024before the open | $18.90B | -0.5% | $7.58 | $7.90 | Release |
| Q3 FY2023ended Sep 24, 2023 | Oct 17, 2023before the open | $16.90B | +1.8% | $6.73 | $6.77 | Release |
| Q2 FY2023ended Jun 25, 2023 | Jul 18, 2023before the open | $16.70B | +8.4% | $6.63 | $6.73 | Release |
| Q1 FY2023ended Mar 26, 2023 | Apr 18, 2023before the open | $15.10B | +0.7% | $6.61 | $6.43 | Release |
| Q4 FY2022ended Dec 31, 2022 | Jan 24, 2023before the open | $19.00B | +7.3% | $7.40 | $7.79 | Release |
| Q3 FY2022ended Sep 25, 2022 | Oct 18, 2022before the open | $16.60B | +3.8% | $6.71 | $6.87 | Release |
| Q2 FY2022ended Jun 26, 2022 | Jul 19, 2022before the open | $15.40B | – | $1.16 | $6.32 | Release |
| Q1 FY2022ended Mar 27, 2022 | Apr 19, 2022before the open | $15.00B | – | $6.44 | – | Release |
| Q4 FY2021ended Dec 31, 2021 | Jan 25, 2022before the open | $17.70B | – | $7.47 | – | Release |
| Q3 FY2021ended Sep 26, 2021 | Oct 26, 2021before the open | $16.00B | – | $2.21 | – | Release |
| Q2 FY2021ended Jun 27, 2021 | Jul 26, 2021before the open | – | – | – | – | Filing |
| Q1 FY2021ended Mar 28, 2021 | Apr 20, 2021before the open | – | – | – | – | Release |
| Q4 FY2020ended Dec 31, 2020 | Jan 26, 2021before the open | – | – | – | – | Filing |
| Q3 FY2020ended Sep 27, 2020 | Oct 20, 2020before the open | – | – | – | – | Filing |
Figures as first announced; later restatements appear under Financials. Expected dates are estimated from the company's past reporting pattern.
Current guidance
Lockheed Martin's latest outlook for periods it has not reported yet, compared with what it said before
| Metric | Period | Guidance | Before | Change | Given |
|---|---|---|---|---|---|
| SalesGAAP | FY2026 | $80.00B – $82.00B | – | New | Oct 22, 2026 |
| Sales | FY2026 | $79.75B – $81.75B | $77.50B – $80.00B | Raised | Jul 23, 2026 |
| Business segment operating profitnon-GAAP | FY2026 | $8.58B – $8.68B | – | New | Oct 22, 2026 |
| Business segment operating profitnon-GAAP | FY2026 | $8.50B – $8.70B | $8.43B – $8.68B | Raised | Jul 23, 2026 |
| Consolidated operating profit (GAAP)GAAP | FY2026 | $9.52B – $9.62B | – | New | Oct 22, 2026 |
| Consolidated operating profit (GAAP)GAAP | FY2026 | $9.50B – $9.70B | $9.44B – $9.69B | Raised | Jul 23, 2026 |
| Diluted earnings per shareGAAP | FY2026 | $30.35 – $30.75 | – | New | Oct 22, 2026 |
| Diluted earnings per share | FY2026 | $29.95 – $30.65 | – | New | Jul 23, 2026 |
| Diluted earnings per shareGAAP | FY2026 | $29.35 – $30.25 | $29.35 – $30.25 | Reaffirmed | Apr 23, 2026 |
| Free cash flownon-GAAP | FY2026 | $7.80B – $8.00B | – | New | Oct 22, 2026 |
| Free cash flownon-GAAP | FY2026 | $7.00B – $7.20B | $6.50B – $6.80B | Raised | Jul 23, 2026 |
| Capital expendituresGAAP | FY2026 | $2.10B – $2.30B | – | New | Oct 22, 2026 |
| Capital expenditures | FY2026 | $2.00B – $2.40B | $2.50B – $2.80B | Lowered | Jul 23, 2026 |
| Cash from operationsGAAP | FY2026 | $10.00B – $10.20B | – | New | Oct 22, 2026 |
| Cash from operations | FY2026 | $9.20B – $9.40B | $9.15B – $9.45B | Raised | Jul 23, 2026 |
| FAS/CAS operating adjustment | FY2026 | $1.69B | – | Lowered | Jul 23, 2026 |
| Intangible asset amortization expense | FY2026 | -$200.00M | – | Lowered | Jul 23, 2026 |
| Other, net | FY2026 | -$490.00M | – | Lowered | Jul 23, 2026 |
| Total FAS/CAS pension adjustment | FY2026 | $1.37B | – | New | Oct 22, 2026 |
| Total FAS/CAS pension adjustment | FY2026 | $1.37B | $1.37B | Lowered | Jul 23, 2026 |
Guidance vs results
The last range Lockheed Martin gave before each report, against the figure it then reported. Full years add up the four quarters.
| Period | Metric | Guidance | Actual | Result |
|---|---|---|---|---|
| FY2025 | EPS (GAAP) | $22.15 – $22.35 | $21.49Σ4Q | Below range |
| FY2025 | Revenue | $74.25B – $74.75B | $75.10BΣ4Q | Above range |
Guidance history
Every forecast Lockheed Martin put in an earnings release, newest first
| Given | Metric | Period | Guidance | Change |
|---|---|---|---|---|
| Oct 22, 2026 | Capital expenditures | FY2026 | $2.10B – $2.30B | New |
| Oct 22, 2026 | Diluted earnings per share | FY2026 | $30.35 – $30.75 | New |
| Oct 22, 2026 | Free cash flow | FY2026 | $7.80B – $8.00B | New |
| Oct 22, 2026 | Consolidated operating profit (GAAP) | FY2026 | $9.52B – $9.62B | New |
| Oct 22, 2026 | Business segment operating profit | FY2026 | $8.58B – $8.68B | New |
| Oct 22, 2026 | Cash from operations | FY2026 | $10.00B – $10.20B | New |
| Oct 22, 2026 | Total FAS/CAS pension adjustment | FY2026 | $1.37B | New |
| Oct 22, 2026 | Sales | FY2026 | $80.00B – $82.00B | New |
| Jul 23, 2026 | Capital expenditures | FY2026 | $2.00B – $2.40B | Lowered |
| Jul 23, 2026 | Diluted earnings per share | FY2026 | $29.95 – $30.65 | New |
| Jul 23, 2026 | Free cash flow | FY2026 | $7.00B – $7.20B | Raised |
| Jul 23, 2026 | Consolidated operating profit (GAAP) | FY2026 | $9.50B – $9.70B | Raised |
| Jul 23, 2026 | Business segment operating profit | FY2026 | $8.50B – $8.70B | Raised |
| Jul 23, 2026 | Other, net | FY2026 | -$490.00M | Lowered |
| Jul 23, 2026 | Total FAS/CAS pension adjustment | FY2026 | $1.37B | Lowered |
| Jul 23, 2026 | Cash from operations | FY2026 | $9.20B – $9.40B | Raised |
| Jul 23, 2026 | FAS/CAS operating adjustment | FY2026 | $1.69B | Lowered |
| Jul 23, 2026 | Intangible asset amortization expense | FY2026 | -$200.00M | Lowered |
| Jul 23, 2026 | Sales | FY2026 | $79.75B – $81.75B | Raised |
| Apr 23, 2026 | Capital expenditures | FY2026 | $2.50B – $2.80B | Reaffirmed |
| Apr 23, 2026 | Diluted earnings per share | FY2026 | $29.35 – $30.25 | Reaffirmed |
| Apr 23, 2026 | Free cash flow | FY2026 | $6.50B – $6.80B | Reaffirmed |
| Apr 23, 2026 | Consolidated operating profit (GAAP) | FY2026 | $9.44B – $9.69B | Reaffirmed |
| Apr 23, 2026 | Business segment operating profit | FY2026 | $8.43B – $8.68B | Reaffirmed |
| Apr 23, 2026 | Cash from operations | FY2026 | $9.15B – $9.45B | Reaffirmed |
| Apr 23, 2026 | Sales | FY2026 | $77.50B – $80.00B | Reaffirmed |
| Jan 29, 2026 | Capital expenditures | FY2026 | $2.50B – $2.80B | New |
| Jan 29, 2026 | Diluted earnings per share | FY2026 | $29.35 – $30.25 | New |
| Jan 29, 2026 | Free cash flow | FY2026 | $6.50B – $6.80B | New |
| Jan 29, 2026 | Consolidated operating profit (GAAP) | FY2026 | $9.44B – $9.69B | New |
| Jan 29, 2026 | Business segment operating profit | FY2026 | $8.43B – $8.68B | New |
| Jan 29, 2026 | Total FAS/CAS pension adjustment | FY2026 | $1.37B | New |
| Jan 29, 2026 | Cash from operations | FY2026 | $9.15B – $9.45B | Raised |
| Jan 29, 2026 | Sales | FY2026 | $77.50B – $80.00B | New |
| Oct 21, 2025 | Capital expenditures | FY2025 | $1.90B | Reaffirmed |
| Oct 21, 2025 | Diluted earnings per share | FY2025 | $22.15 – $22.35 | New |
| Oct 21, 2025 | Free cash flow | FY2025 | $6.60B | Lowered |
| Oct 21, 2025 | Consolidated operating profit (GAAP) | FY2025 | $7.59B – $7.64B | Raised |
| Oct 21, 2025 | Business segment operating profit | FY2025 | $6.68B – $6.73B | Raised |
| Oct 21, 2025 | Total FAS/CAS pension adjustment | FY2025 | $1.13B | Lowered |
| Oct 21, 2025 | Cash from operations | FY2025 | $8.50B | Raised |
| Oct 21, 2025 | Sales | FY2025 | $74.25B – $74.75B | Raised |
| Jul 22, 2025 | Capital expenditures | FY2025 | $1.90B | New |
| Jul 22, 2025 | Diluted earnings per share | FY2025 | $21.70 – $22.00 | New |
| Jul 22, 2025 | Free cash flow | FY2025 | $6.60B – $6.80B | New |
| Jul 22, 2025 | Consolidated operating profit (GAAP) | FY2025 | $7.53B – $7.63B | New |
| Jul 22, 2025 | Business segment operating profit | FY2025 | $6.60B – $6.70B | New |
| Jul 22, 2025 | Total FAS/CAS pension adjustment | FY2025 | $1.13B | New |
| Jul 22, 2025 | Cash from operations | FY2025 | $8.50B – $8.70B | Raised |
| Jul 22, 2025 | Sales | FY2025 | $73.75B – $74.75B | New |
| Jan 28, 2025 | Capital expenditures | FY2025 | $1.90B | New |
| Jan 28, 2025 | Diluted earnings per share | FY2025 | $27.00 – $27.30 | New |
| Jan 28, 2025 | Free cash flow | FY2025 | $6.60B – $6.80B | New |
| Jan 28, 2025 | Consolidated operating profit (GAAP) | FY2025 | $8.92B – $9.02B | New |
| Jan 28, 2025 | Business segment operating profit | FY2025 | $8.10B – $8.20B | New |
| Jan 28, 2025 | Total FAS/CAS pension adjustment | FY2025 | $1.13B | New |
| Jan 28, 2025 | Cash from operations | FY2025 | $8.50B – $8.70B | Raised |
| Jan 28, 2025 | Net sales | FY2025 | $73.75B – $74.75B | New |
| Oct 22, 2024 | Capital expenditures | FY2024 | $1.75B | Reaffirmed |
| Oct 22, 2024 | Diluted earnings per share | FY2024 | $26.65 | Raised |
| Oct 22, 2024 | Free cash flow | FY2024 | $6.20B | Narrowed |
| Oct 22, 2024 | Consolidated operating profit (GAAP) | FY2024 | $8.37B | Raised |
| Oct 22, 2024 | Business segment operating profit | FY2024 | $7.48B | Narrowed |
| Oct 22, 2024 | Total FAS/CAS pension adjustment | FY2024 | $1.69B | Reaffirmed |
| Oct 22, 2024 | Cash from operations | FY2024 | $7.95B | Raised |
| Oct 22, 2024 | Net sales | FY2024 | $71.25B | New |
| Jul 23, 2024 | Capital expenditures | FY2024 | $1.75B | Reaffirmed |
| Jul 23, 2024 | Diluted earnings per share | FY2024 | $26.10 – $26.60 | Raised |
| Jul 23, 2024 | Free cash flow | FY2024 | $6.00B – $6.30B | Reaffirmed |
| Jul 23, 2024 | Consolidated operating profit (GAAP) | FY2024 | $8.20B – $8.35B | Narrowed |
| Jul 23, 2024 | Business segment operating profit | FY2024 | $7.35B – $7.50B | Raised |
| Jul 23, 2024 | deliveries | FY2024 | 75 – 110 | New |
| Jul 23, 2024 | Total FAS/CAS pension adjustment | FY2024 | $1.69B | Reaffirmed |
| Jul 23, 2024 | Cash from operations | FY2024 | $7.75B – $8.05B | Reaffirmed |
| Jul 23, 2024 | Net sales | FY2024 | $70.50B – $71.50B | Raised |
| Apr 23, 2024 | Capital expenditures | FY2024 | $1.75B | New |
| Apr 23, 2024 | Diluted earnings per share | FY2024 | $25.65 – $26.35 | Reaffirmed |
| Apr 23, 2024 | Free cash flow | FY2024 | $6.00B – $6.30B | Reaffirmed |
| Apr 23, 2024 | Consolidated operating profit (GAAP) | FY2024 | $8.16B – $8.36B | Reaffirmed |
| Apr 23, 2024 | Business segment operating profit | FY2024 | $7.18B – $7.38B | Reaffirmed |
| Apr 23, 2024 | Total FAS/CAS pension adjustment | FY2024 | $1.69B | Reaffirmed |
| Apr 23, 2024 | Cash from operations | FY2024 | $7.75B – $8.05B | Reaffirmed |
| Apr 23, 2024 | Net sales | FY2024 | $68.50B – $70.00B | Reaffirmed |
| Jan 23, 2024 | Capital expenditures | FY2024 | $1.75B | New |
| Jan 23, 2024 | Diluted earnings per share | FY2024 | $25.65 – $26.35 | New |
| Jan 23, 2024 | Free cash flow | FY2024 | $6.00B – $6.30B | New |
| Jan 23, 2024 | Consolidated operating profit (GAAP) | FY2024 | $8.16B – $8.36B | New |
| Jan 23, 2024 | Business segment operating profit | FY2024 | $7.18B – $7.38B | New |
| Jan 23, 2024 | Total FAS/CAS pension adjustment | FY2024 | $1.69B | New |
| Jan 23, 2024 | Cash from operations | FY2024 | $7.75B – $8.05B | New |
| Jan 23, 2024 | Net sales | FY2024 | $68.50B – $70.00B | New |
| Oct 17, 2023 | Capital expenditures | FY2023 | $1.95B | New |
| Oct 17, 2023 | Diluted earnings per share | FY2023 | $27.00 – $27.20 | Reaffirmed |
| Oct 17, 2023 | Free cash flow | FY2023 | $6.20B | Reaffirmed |
| Oct 17, 2023 | Consolidated operating profit (GAAP) | FY2023 | $8.40B – $8.45B | Reaffirmed |
| Oct 17, 2023 | Business segment operating profit | FY2023 | $7.33B – $7.38B | Reaffirmed |
| Oct 17, 2023 | Total FAS/CAS pension adjustment | FY2023 | $2.10B | Lowered |
| Oct 17, 2023 | Cash from operations | FY2023 | $8.15B | New |
| Oct 17, 2023 | Net sales | FY2023 | $66.25B – $66.75B | New |
| Jul 18, 2023 | Capital expenditures | FY2023 | $1.95B | Reaffirmed |
| Jul 18, 2023 | Diluted earnings per share | FY2023 | $27.00 – $27.20 | Raised |
| Jul 18, 2023 | Free cash flow | FY2023 | $6.20B | Reaffirmed |
| Jul 18, 2023 | Consolidated operating profit (GAAP) | FY2023 | $8.40B – $8.45B | Raised |
| Jul 18, 2023 | Business segment operating profit | FY2023 | $7.33B – $7.38B | Raised |
| Jul 18, 2023 | Cash from operations | FY2023 | $8.15B | Reaffirmed |
| Jul 18, 2023 | Net sales | FY2023 | $66.25B – $66.75B | Raised |
| Apr 18, 2023 | Capital expenditures | FY2023 | $1.95B | Reaffirmed |
| Apr 18, 2023 | Diluted earnings per share | FY2023 | $26.60 – $26.90 | New |
| Apr 18, 2023 | Free cash flow | FY2023 | $6.20B | Reaffirmed |
| Apr 18, 2023 | Consolidated operating profit (GAAP) | FY2023 | $8.35B – $8.45B | Reaffirmed |
| Apr 18, 2023 | Business segment operating profit | FY2023 | $7.26B – $7.36B | Reaffirmed |
| Apr 18, 2023 | Cash from operations | FY2023 | $8.15B | Reaffirmed |
| Apr 18, 2023 | Net sales | FY2023 | $65.00B – $66.00B | Reaffirmed |
| Jan 24, 2023 | Capital expenditures | FY2023 | $1.95B | New |
| Jan 24, 2023 | Diluted earnings per share | FY2023 | $26.60 – $26.90 | New |
| Jan 24, 2023 | Free cash flow | FY2023 | $6.20B | New |
| Jan 24, 2023 | Consolidated operating profit (GAAP) | FY2023 | $8.35B – $8.45B | New |
| Jan 24, 2023 | Business segment operating profit | FY2023 | $7.26B – $7.36B | New |
| Jan 24, 2023 | Cash from operations | FY2023 | $8.15B | New |
| Jan 24, 2023 | Net sales | FY2023 | $65.00B – $66.00B | New |
| Oct 18, 2022 | Capital expenditures | FY2022 | $1.90B | Reaffirmed |
| Oct 18, 2022 | Diluted earnings per share | FY2022 | $21.55 | Reaffirmed |
| Oct 18, 2022 | Free cash flow | FY2022 | $6.00B | Reaffirmed |
| Oct 18, 2022 | Consolidated operating profit (GAAP) | FY2022 | $8.32B | Lowered |
| Oct 18, 2022 | Business segment operating profit | FY2022 | $7.18B | Reaffirmed |
| Oct 18, 2022 | Cash from operations | FY2022 | $7.90B | Reaffirmed |
| Oct 18, 2022 | Net sales | FY2022 | $65.25B | Lowered |
| Jul 19, 2022 | Capital expenditures | FY2022 | $1.90B | New |
| Jul 19, 2022 | Diluted earnings per share | FY2022 | $21.55 | Lowered |
| Jul 19, 2022 | Free cash flow | FY2022 | $6.00B | Reaffirmed |
| Jul 19, 2022 | Consolidated operating profit (GAAP) | FY2022 | $8.36B | Lowered |
| Jul 19, 2022 | Business segment operating profit | FY2022 | $7.18B | Reaffirmed |
| Jul 19, 2022 | Total FAS/CAS pension adjustment | FY2022 | $740.00M | Lowered |
| Jul 19, 2022 | Cash from operations | FY2022 | $7.90B | Raised |
| Jul 19, 2022 | Net FAS/CAS pension adjustment - adjusted | FY2022 | $2.21B | Lowered |
| Jul 19, 2022 | Net sales | FY2022 | $65.25B | Lowered |
| Jan 25, 2022 | Capital expenditures | FY2022 | $1.90B | New |
| Jan 25, 2022 | Diluted earnings per share | FY2022 | $26.70 | New |
| Jan 25, 2022 | Free cash flow | FY2022 | $6.00B | New |
| Jan 25, 2022 | Consolidated operating profit (GAAP) | FY2022 | $8.53B | New |
| Jan 25, 2022 | Business segment operating profit | FY2022 | $7.18B | New |
| Jan 25, 2022 | Net FAS/CAS pension adjustment | FY2022 | $2.26B | Lowered |
| Jan 25, 2022 | Cash from operations | FY2022 | $7.90B | New |
| Jan 25, 2022 | Cash from operations (excluding R&D) | FY2022 | $8.40B | New |
| Jan 25, 2022 | Net sales | FY2022 | $66.00B | New |
| Oct 26, 2021 | Diluted earnings per share - adjusted | FY2021 | $27.17 | New |
| Oct 26, 2021 | Diluted earnings per share | FY2021 | $22.45 | New |
| Oct 26, 2021 | Business segment operating profit | FY2021 | $7.35B | New |
| Oct 26, 2021 | total business segment operating margin | FY2022 | 11% | New |
| Oct 26, 2021 | Cash from operations | FY2021 | $8.30B | New |
| Oct 26, 2021 | Cash from operations | FY2022 | $8.40B | New |
| Oct 26, 2021 | Net sales | FY2021 | $67.00B | New |
| Oct 26, 2021 | net sales | FY2022 | $66.00B | New |
Read from the company's earnings releases; each figure links to its sentence on hover. “Raised” and “Lowered” compare with the previous range for the same metric and period.
Press releases
Releases Lockheed Martin filed with the SEC as exhibits to Form 8-K or 6-K
- Results
- Results
- Results
- Results
- Results
- Results
- Results
- Results
- Results
- Results
- Update
- Results
- Results
- Results
- Results