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

Lockheed Martin (NYSE:LMT) updated its FY 2026 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 30.350-30.750 for the period, compared to the consensus EPS 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 Trading Up 2.5%

LMT stock opened at $604.87 on Friday. Lockheed Martin has a 1-year low of $437.25 and a 1-year high of $692.00. The company has a current ratio of 1.26, a quick ratio of 1.01 and a debt-to-equity ratio of 2.04. The business’s 50 day moving average is $538.52 and its 200-day moving average is $542.30. The firm has a market cap of $139.60 billion, a P/E ratio of 21.49, a P/E/G ratio of 1.30 and a beta of 0.09.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Thursday, October 22nd. The aerospace company reported $7.97 EPS for the quarter, topping the consensus estimate of $7.52 by $0.45. The business had revenue of $20.71 billion during the quarter, compared to the consensus estimate of $20.48 billion. Lockheed Martin had a return on equity of 83.41% and a net margin of 8.23%. Lockheed Martin’s revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the company earned $6.95 EPS. Equities analysts anticipate that Lockheed Martin will post 30.51 earnings per share for the current fiscal year.

Lockheed Martin Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 31st. Shareholders of record on Tuesday, December 1st will be paid a dividend of $3.60 per share. This is an increase from Lockheed Martin’s previous quarterly dividend of $3.45. This represents a $14.40 annualized dividend and a yield of 2.4%. The ex-dividend date is Tuesday, December 1st. Lockheed Martin’s dividend payout ratio is currently 49.02%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Vertical Research raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $600.00 price objective for the company in a report on Wednesday, October 14th. Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 9th. TD Cowen cut their price target on shares of Lockheed Martin from $600.00 to $570.00 and set a “hold” rating for the company in a report on Friday, October 9th. Citigroup lifted their price target on shares of Lockheed Martin from $691.00 to $706.00 and gave the company a “buy” rating in a report on Friday. Finally, Royal Bank Of Canada boosted their price target on shares of Lockheed Martin from $550.00 to $600.00 and gave the company a “sector perform” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $632.33.

Key Stories Impacting Lockheed Martin

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

• Positive Sentiment: Q3 beat and raised outlook: Lockheed reported adjusted EPS of $7.97 versus the $7.52 consensus, while revenue rose 11.3% year over year to $20.71 billion. Management now expects 2026 sales of $80 billion-$82 billion and EPS of $30.35-$30.75. Lockheed Martin Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Record backlog supports future revenue: Total backlog reached approximately $292 billion, up sharply from the prior quarter, with much of the increase coming from PAC-3 and THAAD missile-defense orders. Missiles and Fire Control sales grew 24% as production accelerated, strengthening visibility into long-term growth. Lockheed Martin’s Record $292 Billion Backlog Comes With a Delivery Test
• Positive Sentiment: Long-term F-35 commitment: The Pentagon and Lockheed announced an initial framework for producing 850 F-35 aircraft over 10 years. The agreement provides greater production visibility and could improve supply-chain efficiency, although Lockheed will invest about $7 billion in supporting projects. Pentagon, Lockheed announce agreement for 850 F-35 jets
• Positive Sentiment: Cash flow and shareholder returns: Lockheed raised its 2026 free-cash-flow outlook to roughly $7.8 billion-$8.0 billion and recently increased its quarterly dividend 4.4% to $3.60 per share. Lockheed Martin, Interactive Brokers, AEP Hike Dividends on Strong Growth
• Neutral Sentiment: Industry forecasts point to strong growth in defense electronics and land-based C4ISR, potentially expanding Lockheed Martin’s addressable market, but these reports are third-party projections rather than new company contracts.
• Negative Sentiment: Execution and funding risks remain: The backlog must be converted into deliveries and cash. F-35 deliveries fell year over year, and Lockheed said spending on the Lot 20 advance contract has exceeded currently authorized funding. Higher contract assets and supply-chain constraints could also delay cash collection or pressure margins. Lockheed is spending its own money before Washington signs off

About Lockheed Martin

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.