LMT
Lockheed MartinPrevious close
636.95
Change
−6.64 / −1.03%
P/E (TTM) ?
22.7
Market Cap
$148B
1M
+25.08%
S&P 500 −0.91% over same period
Volume / Avg Volume
1.9M / 2.0M
0.95× average
Latest earnings analysisFY2026 Q3Reported 2026-10-22
Lockheed Martin Q3 FY2026: sales up 11.3%, EPS $7.97, outlook raised again
Lockheed Martin beat the $7.5016 consensus EPS with $7.97 and grew sales 11.3% to $20.71 billion, with every one of its four segments posting year-over-year growth. The view is Bullish: the company raised full-year sales, EPS and free cash flow guidance for a second straight quarter on a record $292.0 billion backlog. The main caveat is an F-35 Lot 20 funding gap the company flagged itself.
Read the full analysis →Revenue$20.71BYoY +11.30%
EPS$7.97Beatest. $7.50
Next-quarter revenue guidance$81.00B ±1.23%YoY +291.10%
Next-day move+2.42%
Recent Earnings
Click to read the FinDog analysis| Period | Reported | Revenue | Analysis |
|---|---|---|---|
| FY2026 Q3 Quarter ended 2026-09 | 2026-10-22 | $20.7B | Read analysis → |
| FY2026 Q2 Quarter ended 2026-06 | 2026-07-23 | $20.1B | Read analysis → |
| FY2026 Q1 Quarter ended 2026-03 | 2026-04-23 | $18.0B | Pending |
| FY2025 Q4 Quarter ended 2025-12 | 2026-01-29 | $75.0B | Pending |
| FY2025 Q3 Quarter ended 2025-09 | 2025-10-21 | $18.6B | Pending |
| FY2025 Q2 Quarter ended 2025-06 | 2025-07-22 | $18.2B | Pending |
| FY2025 Q1 Quarter ended 2025-03 | 2025-04-22 | $18.0B | Pending |
Decision Panel
Trends · Valuation · Earnings reaction · Guidance credibility — all from company filings and market dataValuation
P/E is at percentile 66 of its 5-year rangeMid-range
5-year range 15.8 – 30.2 · Median 20.3
Last 4 quarters: $750M in buybacks + $3.2B in dividends, 2.67% of market cap combined
P/E (TTM)
22.7
P/B
14.7
P/S
1.9
Dividend Yield
2.79%
Earnings Reaction
Over the last 7 reports, the stock moved ±1.8% on average on the first trading day after, rising 5 times
Most recent +2.42%
Volatility & Correlation
1-year beta -0.08 · Correlation with S&P 500 -0.03Low beta
Annualized volatility 30% vs. 13% for the S&P 500
Insider Trading
View all →Last 90 days · Open-market buys and sells by officers and directors · Amounts in USD millions
Buy 0 · $0.00MSell 4 · $0.12MNet selling $0.12M
- 10-23St John Frank AChief Operating OfficerSell$0.00M3,899 shares · 3 trades
- 08-13Donovan JohnDirectorSell$0.00M3,378 shares · 6 trades
- 08-12Lightfoot Robert M JRPresident SpaceSell$0.12M196 shares · Avg price 600.12
- 08-11Lightfoot Robert M JRPresident SpaceSell$0.00M2,410 shares · 2 trades
Multi-Quarter Financial Trends
View all quarters →Last 12 quarters · As reported by the company
| Quarter | Revenue ($B) | YoY | Gross Margin | Net Income ($B) | EPS |
|---|---|---|---|---|---|
| FY2026 Q3 | 20.71 | +11.3% | 11.8% | 1.85 | 7.97 |
| FY2026 Q2 | 20.06 | +10.5% | 12.2% | 1.84 | 7.94 |
| FY2026 Q1 | 18.02 | +0.3% | 11.5% | 1.49 | 6.44 |
| FY2025 Q4 | 20.32 | +9.1% | 11.4% | 1.34 | 5.80 |
| FY2025 Q3 | 18.61 | +8.8% | 12.0% | 1.62 | 6.95 |
| FY2025 Q2 | 18.16 | +0.2% | 4.0% | 0.34 | 1.46 |
| FY2025 Q1 | 17.96 | +4.5% | 12.9% | 1.71 | 7.28 |
| FY2024 Q4 | 18.62 | −1.3% | 3.7% | 0.53 | 2.27 |
| FY2024 Q3 | 17.10 | +1.3% | 12.4% | 1.62 | 6.80 |
| FY2024 Q2 | 18.12 | +8.6% | 11.8% | 1.64 | 6.85 |
| FY2024 Q1 | 17.20 | +13.7% | 11.6% | 1.55 | 6.39 |
| FY2023 Q4 | 18.87 | −0.6% | 12.2% | 1.87 | 7.58 |
| Ticker | P/E | Revenue YoY | Gross Margin | 1M | View |
|---|---|---|---|---|---|
| LMT | 22.7 | +11.3% | 11.8% | +25.08% | Bullish |
| SPCX | — | +161.4% | 62.4% | −10.70% | Bullish |
| CAT | 26.8 | +24.0% | 37.8% | −23.19% | Bullish |
| GE | 35.1 | +15.9% | — | −3.36% | Bullish |
| RTX | 32.0 | +11.1% | — | +7.62% | Bullish |
| GEV | 22.8 | +26.8% | 24.6% | −9.74% | Bullish |
| UNP | 23.6 | +15.3% | — | +11.71% | Bullish |
| DE | 36.7 | +4.9% | — | +0.59% | Bullish |
| ETN | 38.6 | +21.4% | 33.5% | −13.90% | Bullish |