Lockheed Martin Q1 EPS falls to $6.44 as sales hold at $18.0 billion
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.
Key points
- 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
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:16 AM ET, from the text of the filing and its press-release exhibits only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 23, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.