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
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From Lockheed Martin's 10-Q and 10-K filings (SEC XBRL). YoY compares each quarter with the same quarter a year earlier; it is blank when the year-ago figure is missing or negative.
Annual results
Fiscal year
Revenue
Growth
EPS (diluted)
Growth
Net margin
FY2025
$75.05B
+5.6%
$21.49
-3.7%
6.7%
FY2024
$71.04B
+5.1%
$22.31
-19.0%
7.5%
FY2023
$67.57B
+2.4%
$27.55
+27.2%
10.2%
FY2022
$65.98B
-1.6%
$21.66
-4.8%
8.7%
FY2021
$67.04B
+2.5%
$22.76
-6.3%
9.4%
Frequently asked questions
When is Lockheed Martin's next earnings date?
Lockheed Martin has not announced a report date within the next three weeks. US companies usually report three to six weeks after each quarter ends; this page updates as soon as the date is on the calendar.
What did Lockheed Martin earn last quarter?
For the quarter ended Sep 2026, Lockheed Martin reported diluted EPS of $7.97 (+14.7% year over year) on revenue of $20.71B (+11.3%).
Where do these numbers come from?
Reported revenue, net income and EPS come from the company's own 10-Q and 10-K filings with the SEC (XBRL data). The report date and consensus estimate come from the Nasdaq earnings calendar.
Not investment advice. Figures can be restated by the company in later filings.