Lockheed Martin (NYSE:LMT) Announces FY 2026 Earnings Guidance

Lockheed Martin (NYSE:LMT) issued an update on its FY 2026 earnings guidance on Friday. The company provided EPS guidance of 30.350-30.750 for the period, compared to the consensus estimate of 30.420. The company issued revenue guidance of $80.0 billion-$82.0 billion, compared to the consensus revenue estimate of $81.0 billion.

Lockheed Martin Price Performance

Shares of NYSE:LMT traded up $10.33 on Friday, reaching $600.24. 665,540 shares of the company traded hands, compared to its average volume of 1,445,333. The stock has a market capitalization of $138.53 billion, a PE ratio of 22.13, a P/E/G ratio of 1.19 and a beta of 0.09. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. The company’s 50 day moving average is $538.59 and its 200-day moving average is $541.86. Lockheed Martin has a fifty-two week low of $437.25 and a fifty-two week high of $692.00.

Lockheed Martin (NYSE:LMT) last released its earnings results on Thursday, October 22nd. The aerospace company reported $7.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.52 by $0.45. The company had revenue of $20.71 billion during the quarter, compared to analyst estimates of $20.48 billion. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $6.95 earnings per share. As a group, analysts anticipate that Lockheed Martin will post 30.43 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 1st will be paid a $3.60 dividend. The ex-dividend date is Tuesday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.45. This represents a $14.40 dividend on an annualized basis and a dividend yield of 2.4%. Lockheed Martin’s dividend payout ratio is presently 50.87%.

Analyst Ratings Changes

A number of brokerages have weighed in on LMT. Barclays increased their price target on shares of Lockheed Martin from $554.00 to $560.00 and gave the company an “equal weight” rating in a report on Friday. Rothschild & Co Redburn assumed coverage on Lockheed Martin in a research report on Tuesday, October 6th. They issued a “buy” rating and a $650.00 target price for the company. Royal Bank Of Canada raised their price objective on shares of Lockheed Martin from $550.00 to $600.00 and gave the stock a “sector perform” rating in a report on Friday. UBS Group set a $692.00 price objective on Lockheed Martin in a report on Friday. Finally, Sanford C. Bernstein reduced their target price on Lockheed Martin from $629.00 to $564.00 and set a “market perform” rating on the stock in a report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $631.62.

Key Stories Impacting Lockheed Martin

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Quarterly results exceeded expectations. Third-quarter EPS was $7.97 versus the $7.52 consensus, while revenue rose 11.3% year over year to $20.71 billion, ahead of the $20.48 billion estimate. Net earnings increased 14% to $1.85 billion. Lockheed Martin Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Management raised its full-year outlook. Lockheed now expects 2026 revenue of $80 billion to $82 billion and EPS of $30.35 to $30.75, compared with prior guidance of $79.75 billion to $81.75 billion and $29.95 to $30.65, respectively. Free-cash-flow guidance also increased to approximately $7.8 billion-$8.0 billion. Lockheed lifts annual forecast as missile, jet production ramps up
• Positive Sentiment: Record backlog and missile demand improve long-term visibility. Backlog reached approximately $292 billion, with Missiles and Fire Control sales up 24% as PAC-3, THAAD, GMLRS and Precision Strike Missile production accelerates. A 10-year framework agreement covering 850 F-35 jets also supports future revenue visibility. Lockheed’s Backlog Just Hit $292 Billion
• Neutral Sentiment: The backlog increase is concentrated in missile defense, including $52.5 billion tied to a multiyear PAC-3 award. Investors must still assess how quickly these orders can be converted into delivered products, revenue and cash.
• Negative Sentiment: Execution and cash-flow risks remain. F-35 deliveries declined year over year, and negotiations over funding for future F-35 production lots remain unresolved. Contract assets increased, indicating that reported revenue is running ahead of billing, while supply constraints, fixed-price contracts and potential cost overruns could pressure margins and cash generation. Lockheed Martin’s Record $292 Billion Backlog Comes With a Delivery Test

Lockheed Martin Company Profile

Lockheed Martin Corporation is a global security and aerospace company headquartered in Bethesda, Maryland. Formed in 1995 through the merger of Lockheed Corporation and Martin Marietta, the company develops and produces advanced defense, aerospace, and technology systems for government and commercial customers.

Its principal business areas include Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. Products and services include military aircraft such as the F-35 Lightning II, C-130 Hercules, and F-16 Fighting Falcon; missile-defense and precision-strike systems; helicopters and naval systems; command, control, communications, and intelligence technologies; satellites; space exploration systems; and other classified space and defense programs.

Lockheed Martin serves the U.S.