Lockheed Martin Q3 sales rise 11% to $20.7 billion; raises 2026 outlook
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.
Key points
- 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
The filing
Written by AI on Nov 7, 2026, 11:17 PM ET, from this filing only.
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