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

Lockheed Martin (NYSE:LMT) updated its FY 2026 earnings guidance on Thursday. The company provided EPS guidance of 29.950-30.650 for the period, compared to the consensus earnings per share estimate of 29.890. The company issued revenue guidance of $79.8 billion-$81.8 billion, compared to the consensus revenue estimate of $79.1 billion.

Lockheed Martin Price Performance

Shares of LMT opened at $582.73 on Friday. The firm has a 50-day simple moving average of $523.78 and a two-hundred day simple moving average of $573.21. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 0.94. Lockheed Martin has a 1-year low of $412.55 and a 1-year high of $692.00. The stock has a market cap of $134.35 billion, a PE ratio of 21.48, a P/E/G ratio of 1.01 and a beta of 0.11.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%.The firm had revenue of $20.06 billion for the quarter, compared to analyst estimates of $19.34 billion. During the same quarter in the prior year, the company earned $1.46 EPS. Lockheed Martin’s revenue was up 10.5% on a year-over-year basis. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, analysts forecast that Lockheed Martin will post 30.05 EPS for the current year.

Lockheed Martin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Tuesday, September 1st will be paid a $3.45 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.4%. Lockheed Martin’s payout ratio is currently 50.87%.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. DZ Bank upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a report on Thursday, April 30th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Lockheed Martin in a research note on Friday, May 29th. Jefferies Financial Group set a $575.00 target price on shares of Lockheed Martin in a research note on Thursday, June 25th. JPMorgan Chase & Co. cut their price target on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Finally, Royal Bank Of Canada lifted their price target on Lockheed Martin from $575.00 to $600.00 and gave the stock a “sector perform” rating in a report on Friday. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $624.94.

Key Stories Impacting Lockheed Martin

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

• Positive Sentiment: Lockheed beat Q2 expectations with EPS of $7.94 and revenue of $20.06 billion, helped by 10.5% year-over-year sales growth. Reuters: Lockheed Martin lifts 2026 forecasts as Pentagon seeks to restock weapons
• Positive Sentiment: The company raised 2026 guidance for both sales and earnings, signaling management confidence in sustained demand and improved execution. PR Newswire: Lockheed Martin Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Backlog hit a record $230 billion, boosted by major contracts such as the $35 billion THAAD interceptor award, giving investors long-term revenue visibility. Yahoo Finance: Lockheed Martin Says Record Backlog Will Fuel Sales Growth for Years to Come
• Positive Sentiment: Management highlighted expanding munitions production and broader defense demand, which should support future growth as the Pentagon replenishes weapons stockpiles. WSJ: Lockheed Martin Raises Full-Year Outlook on Continued Expansion of Munitions Production
• Neutral Sentiment: Lockheed also unveiled new missile-defense technology and continued investing ahead of contract awards, a strategic move that could help growth but adds some execution risk. Benzinga: Lockheed Isn’t Waiting For Pentagon Orders Anymore
• Negative Sentiment: Some analysts still caution that execution needs to stay consistent, so future gains may depend on whether management can keep deliveries, margins, and production ramp-ups on track. Yahoo Finance: Lockheed Martin Posted Strong Q2 Results but Execution Remains Key, RBC Says

Hedge Funds Weigh In On Lockheed Martin

Large investors have recently bought and sold shares of the stock. Davis R M Inc. grew its stake in Lockheed Martin by 1.3% during the 4th quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company’s stock worth $612,000 after buying an additional 16 shares during the last quarter. Insigneo Advisory Services LLC boosted its holdings in shares of Lockheed Martin by 0.6% in the fourth quarter. Insigneo Advisory Services LLC now owns 2,884 shares of the aerospace company’s stock valued at $1,395,000 after acquiring an additional 17 shares during the period. Triumph Capital Management boosted its holdings in shares of Lockheed Martin by 66.7% in the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 22 shares during the period. Richmond Investment Services LLC grew its position in shares of Lockheed Martin by 5.1% during the fourth quarter. Richmond Investment Services LLC now owns 456 shares of the aerospace company’s stock worth $220,000 after acquiring an additional 22 shares during the last quarter. Finally, Wimmer Associates 1 LLC grew its position in shares of Lockheed Martin by 0.5% during the fourth quarter. Wimmer Associates 1 LLC now owns 4,990 shares of the aerospace company’s stock worth $2,414,000 after acquiring an additional 24 shares during the last quarter. Institutional investors and hedge funds own 74.19% of the company’s stock.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.