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

23 Apr 2026, 07:30 by Scott Moore · The Cerbat Gem

Lockheed Martin (NYSE:LMT – Get Free Report) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided EPS guidance of 29.350-30.250 for the period, compared to the consensus EPS estimate of 29.940. The company issued revenue guidance of $77.5 billion-$80.0 billion, compared to the consensus revenue estimate of $79.1 billion.

Lockheed Martin Stock Down 2.8%

Lockheed Martin stock opened at $556.01 on Thursday. Lockheed Martin has a 1-year low of $410.11 and a 1-year high of $692.00. The firm has a market capitalization of $128.14 billion, a price-to-earnings ratio of 25.87, a P/E/G ratio of 1.02 and a beta of 0.23. The company has a current ratio of 1.09, a quick ratio of 0.94 and a debt-to-equity ratio of 3.05. The firm has a 50 day simple moving average of $633.27 and a 200 day simple moving average of $553.09.

Lockheed Martin (NYSE:LMT – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The aerospace company reported $6.44 earnings per share for the quarter, missing analysts’ consensus estimates of $6.79 by ($0.35). Lockheed Martin had a net margin of 6.69% and a return on equity of 108.53%. The business had revenue of $18.02 billion during the quarter, compared to analysts’ expectations of $18.38 billion. Lockheed Martin has set its FY 2026 guidance at 29.350-30.250 EPS. On average, analysts predict that Lockheed Martin will post 29.97 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 27th. Investors of record on Monday, March 2nd were paid a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, March 2nd. Lockheed Martin’s payout ratio is currently 64.22%.

Analyst Ratings Changes

A number of research analysts recently weighed in on LMT shares. Weiss Ratings upgraded shares of Lockheed Martin from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 23rd. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Lockheed Martin from $492.00 to $611.00 and gave the company a “hold” rating in a research report on Friday, January 30th. Susquehanna boosted their price target on shares of Lockheed Martin from $725.00 to $740.00 and gave the company a “positive” rating in a research report on Wednesday, March 18th. Wall Street Zen lowered shares of Lockheed Martin from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 22nd. Finally, DZ Bank lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating and set a $665.00 price target for the company. in a research report on Tuesday, February 3rd. Seven equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $646.16.

Get Our Latest Research Report on Lockheed Martin

Key Stories Impacting Lockheed Martin

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

Positive Sentiment: Orion moon mission success and new multiyear munitions framework agreements highlight program wins and potential revenue tailwinds. Lockheed Martin Reports First Quarter 2026 Financial Results
Positive Sentiment: Recent contract activity — including a reported $137M in defense contracts and partner work on the GPS/Tracking-layer programs — supports backlog and future revenue visibility. Lockheed Martin wins $137M in defense contracts
Positive Sentiment: Sanford C. Bernstein nudged its price target higher to $661 (maintaining Market Perform), providing some analyst support. Bernstein adjusts Lockheed Martin price target to $661
Neutral Sentiment: Market commentary notes LMT has strong long-term fundamentals and backlog, and some technicians argue recent selling has left the stock oversold — a possible contrarian signal but not immediate upside. Down 6.3% in 4 Weeks, Here’s Why Lockheed (LMT) Looks Ripe for a Turnaround
Negative Sentiment: Q1 results missed expectations: EPS $6.44 vs. est. $6.79 and revenue $18.02B vs. est. $18.38B — a clear near-term catalyst for selling. View Press Release
Negative Sentiment: Management set FY2026 EPS guidance at $29.350–30.250 and revenue $77.5B–$80.0B, with midpoints slightly below Street consensus — a cautious signal for near-term growth expectations.
Negative Sentiment: Operational headwinds — higher costs on fixed-price contracts and production slowdowns — pressured quarterly profit and drove weaker cash flow (operating cash $220M; free cash flow negative). Reuters coverage highlights these program-level delays as a driver of the earnings miss. Lockheed Martin posts lower quarterly profit as delays weigh

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sivia Capital Partners LLC grew its position in Lockheed Martin by 5.4% in the second quarter. Sivia Capital Partners LLC now owns 973 shares of the aerospace company’s stock worth $451,000 after acquiring an additional 50 shares in the last quarter. Schnieders Capital Management LLC. grew its position in Lockheed Martin by 17.3% in the second quarter. Schnieders Capital Management LLC. now owns 1,460 shares of the aerospace company’s stock worth $676,000 after acquiring an additional 215 shares in the last quarter. Brighton Jones LLC grew its position in Lockheed Martin by 5.0% in the fourth quarter. Brighton Jones LLC now owns 3,995 shares of the aerospace company’s stock worth $1,941,000 after acquiring an additional 191 shares in the last quarter. Darwin Wealth Management LLC purchased a new position in Lockheed Martin in the second quarter worth $111,000. Finally, Ankerstar Wealth LLC purchased a new position in Lockheed Martin in the fourth quarter worth $98,000. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Lockheed Martin Company Profile

(Get Free Report)

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.