Lockheed Martin (LMT) Expected to Post Quarterly Earnings on Thursday

Lockheed Martin (NYSE:LMT) is projected to issue its Q3 2026 results before the market opens on Thursday, October 22nd. Analysts expect Lockheed Martin to post earnings of $7.52 per share and revenue of $20.48 billion for the quarter. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Parties are encouraged to explore the company’s upcoming Q3 2026 earnings report page for the latest details on the call scheduled for Thursday, October 22, 2026 at 8:30 AM ET.

Lockheed Martin (NYSE:LMT) last posted its quarterly earnings data on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping the consensus estimate of $7.22 by $0.72. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The company had revenue of $20.06 billion during the quarter, compared to analyst estimates of $19.34 billion. During the same period in the previous year, the firm earned $1.46 earnings per share. Lockheed Martin’s quarterly revenue was up 10.5% compared to the same quarter last year. On average, analysts expect Lockheed Martin to post $30.44 EPS for the current fiscal year and $33.01 EPS for the next fiscal year.

Lockheed Martin Stock Performance

LMT stock opened at $548.92 on Wednesday. Lockheed Martin has a twelve month low of $437.25 and a twelve month high of $692.00. The firm has a market cap of $126.69 billion, a price-to-earnings ratio of 20.23, a PEG ratio of 1.19 and a beta of 0.09. The business’s fifty day simple moving average is $539.88 and its two-hundred day simple moving average is $542.60. The company has a quick ratio of 1.01, a current ratio of 1.19 and a debt-to-equity ratio of 2.34.

Lockheed Martin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 31st. Stockholders of record on Tuesday, December 1st will be given a dividend of $3.60 per share. This represents a $14.40 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Tuesday, December 1st. This is a positive change from Lockheed Martin’s previous quarterly dividend of $3.45. Lockheed Martin’s dividend payout ratio is currently 53.08%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Wells Fargo & Company set a $600.00 price objective on shares of Lockheed Martin in a report on Monday, July 27th. Jefferies Financial Group restated a “hold” rating on shares of Lockheed Martin in a report on Wednesday, September 2nd. Vertical Research raised Lockheed Martin from a “hold” rating to a “buy” rating and set a $600.00 target price on the stock in a research report on Wednesday, October 14th. UBS Group reiterated a “buy” rating and issued a $653.00 price target on shares of Lockheed Martin in a report on Friday. Finally, Royal Bank Of Canada reduced their price target on Lockheed Martin from $600.00 to $550.00 and set a “sector perform” rating for the company in a research report on Thursday, October 15th. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $627.10.

More Lockheed Martin News

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

• Positive Sentiment: New Army contracts support demand visibility. A Lockheed Martin–RTX joint venture won a $215 million U.S. Army contract for Javelin launchers, while Lockheed secured a separate $117.1 million Apache helicopter radar-support award. These deals reinforce the company’s backlog and recurring sustainment revenue. RTX and Lockheed Martin Javelin contract article Apache radar-support contract article
• Positive Sentiment: Missile-defense and munitions capacity remain strategic growth areas. Lockheed detailed the first Spike NLOS missile shots from the Army’s ISV-U platform, while a new Hadrian manufacturing arrangement is intended to expand munitions production. Separately, Karman Space & Defense announced a seven-year, $218 million agreement to supply THAAD shrouds to Lockheed, highlighting sustained demand for the missile-defense program. Spike NLOS testing article Lockheed and Hadrian munitions article Karman THAAD agreement article
• Positive Sentiment: Patriot demand could provide additional upside. Ukrainian President Volodymyr Zelenskiy discussed accelerating Patriot deliveries with Lockheed, potentially supporting production volumes and reinforcing the company’s role in allied air defense. Ukraine Patriot supplies article
• Neutral Sentiment: Investors are focused on the upcoming third-quarter report. Analysts are watching F-35 deliveries, backlog conversion and key operating metrics for evidence that strong defense demand is translating into revenue and cash flow. Lockheed earnings preview
• Neutral Sentiment: Cash generation is attractive but may signal investor caution. Lockheed’s reported free-cash-flow yield of 6.9% exceeds the S&P 500 median, supporting dividends and buybacks, although the discount may reflect expectations for slower growth. Lockheed cash-yield analysis
• Negative Sentiment: Political and competitive risks are weighing on sentiment. Analysts cite U.S. political uncertainty and rising competition, while new rare-earth sourcing rules could increase supply-chain costs beginning in 2027. The stock’s decline from its March peak and a potentially unfavorable technical pattern add to near-term caution. Lockheed risk analysis Rare-earth rules article

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.