Oct 22, 6:26 AM ET
Lockheed Martin reported third-quarter 2026 sales of $20.7 billion, up 11%, and net earnings of $1.8 billion, or $7.97 per diluted share, up from $6.95 a year earlier. The company raised its 2026 guidance for sales, earnings per share and free cash flow for the second consecutive quarter, but said costs on the F-35 Lot 20 advance acquisition contract have exceeded current U.S. Government authorization and funding, which would hurt future results without additional funding.
- Third-quarter sales rose to $20.7 billion from $18.6 billion; net earnings rose to $1.8 billion from $1.6 billion
- Cash from operations fell to $3.4 billion from $3.7 billion, and free cash flow fell to $3.0 billion from $3.3 billion
- 2026 guidance raised: diluted EPS to about $30.35 to $30.75 from $29.95 to $30.65; free cash flow to about $7.8 billion to $8.0 billion from $7.0 billion to $7.2 billion
- Backlog reached a record $292.0 billion, including $52.5 billion tied to the PAC-3 MSE interceptor award
Read the filing on SEC.gov ↗
Aug 27, 7:31 PM ET
Lockheed Martin entered a new $2.25 billion 364-day unsecured revolving credit facility on August 24, 2026, replacing a prior 364-day facility dated December 5, 2025, with no borrowings made at closing. It also extended its existing $3.0 billion 5-year revolving credit agreement by one year, to August 24, 2031. The filing describes committed backup liquidity rather than new debt drawn, and it does not state any change to the company's financial results.
- New 364-day revolving credit facility of $2.25 billion, dated August 24, 2026; no borrowings made at closing
- Facility matures August 23, 2027, with an option to convert outstanding borrowings into a one-year term loan for a fee of 0.50%
- 5-year $3.0 billion revolving credit agreement extended from August 24, 2030 to August 24, 2031
- Term SOFR margin ranges from 0.585% to 1.085%, based on senior unsecured credit ratings
Read the filing on SEC.gov ↗
Jul 23, 6:30 AM ET
Lockheed Martin reported second quarter 2026 sales of $20.1 billion, up 11% from a year earlier, and net earnings of $1.8 billion, or $7.94 per diluted share, compared with $342 million, or $1.46 per share, in the prior-year quarter that included $1.6 billion of program losses. The company raised its full-year 2026 outlook for sales, segment operating profit, diluted EPS and free cash flow, and reported a record backlog of $230 billion.
- Q2 2026 sales $20.1 billion vs. $18.2 billion in Q2 2025; net earnings $1.8 billion, or $7.94 per diluted share, vs. $1.46 per share
- Free cash flow $2.9 billion in Q2 2026 vs. $(150) million in Q2 2025; record backlog of $230 billion
- 2026 guidance raised: sales ~$79.75-$81.75 billion (from $77.5-$80.0 billion); diluted EPS ~$29.95-$30.65 (from $29.35-$30.25); free cash flow ~$7.0-$7.2 billion (from $6.5-$6.8 billion)
- Company signed a $35 billion multi-year THAAD contract with the Missile Defense Agency and announced an agreement to acquire Ultra Maritime
Read the filing on SEC.gov ↗
Apr 23, 6:36 AM ET
Lockheed Martin reported first quarter 2026 sales of $18.0 billion, flat from a year earlier, while net earnings fell to $1.5 billion, or $6.44 per share, from $1.7 billion, or $7.28 per share. Free cash flow was negative $291 million, compared with $955 million a year earlier, and the company reaffirmed its 2026 full-year outlook, which calls for sales of $77.5 billion to $80.0 billion and diluted EPS of $29.35 to $30.25.
- Sales of $18,021 million vs $17,963 million a year earlier
- Net earnings of $1,488 million, or $6.44 per share, vs $1,712 million, or $7.28 per share
- Business segment operating profit fell $262 million, or 13%, to $1,823 million, mainly on lower profit booking rate adjustments at Aeronautics
- Reaffirmed 2026 outlook: free cash flow of $6.5 billion to $6.8 billion
Read the filing on SEC.gov ↗
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