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

Key Points

• Lockheed Martin is expected to report Q3 2026 results before Thursday’s market open. Analysts forecast $7.52 in earnings per share and $20.46 billion in revenue, compared with the company’s full-year EPS guidance of $29.95–$30.65.
• The company exceeded expectations in its latest quarter, reporting $7.94 EPS and $20.06 billion in revenue, with revenue up 10.5% year over year. Analysts expect approximately $30.44 EPS for fiscal 2026.
• Lockheed raised its quarterly dividend to $3.60 per share, equivalent to a 2.8% yield, while expanding advanced-munitions production and benefiting from demand for PAC-3 MSE and THAAD interceptors. Analysts maintain a “Moderate Buy” consensus with an average price target of $630.48, though execution risks and leverage remain concerns.

Lockheed Martin (NYSE:LMT - Get Free Report) is anticipated to announce 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 $20.46 billion for the quarter. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. Investors may visit 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 - Get Free Report) last posted its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 EPS for the quarter, topping analysts' consensus estimates of $7.22 by $0.72. Lockheed Martin had a return on equity of 91.42% and a net margin of 8.16%. The company had revenue of $20.06 billion for the quarter, compared to analysts' expectations of $19.34 billion. During the same period in the previous year, the firm earned $1.46 EPS. The firm's 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 $32.99 EPS for the next fiscal year.

Lockheed Martin Trading Up 3.5%

Shares of LMT opened at $521.61 on Thursday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 1.01. Lockheed Martin has a 1 year low of $437.25 and a 1 year high of $692.00. The company has a 50 day simple moving average of $543.57 and a two-hundred day simple moving average of $544.37. The firm has a market cap of $120.38 billion, a P/E ratio of 19.23, a price-to-earnings-growth ratio of 1.09 and a beta of 0.09.

Lockheed Martin Increases Dividend

The business also recently disclosed 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. The ex-dividend date is Tuesday, December 1st. This is an increase from Lockheed Martin's previous quarterly dividend of $3.45. This represents a $14.40 annualized dividend and a dividend yield of 2.8%. Lockheed Martin's dividend payout ratio (DPR) is 53.08%.

Key Lockheed Martin News

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

• Positive Sentiment: Lockheed Martin announced a $300 million expansion of its Grand Prairie, Texas, facility, increasing its manufacturing footprint to more than 735,000 square feet. The company expects the broader expansion to support 6,000 U.S. jobs, including 2,000 in Texas, and accelerate production of advanced munitions. Lockheed Martin Expands Advanced Munitions Manufacturing in Texas
• Positive Sentiment: A seven-year agreement with Hadrian will bring automated manufacturing technology into Lockheed Martin’s Missiles and Fire Control facility, potentially improving production speed and supply-chain capacity for critical missile systems. Hadrian Expands Partnership with Lockheed Martin
• Positive Sentiment: The company is expanding solid rocket motor production with Avio for systems including Extended Range GMLRS and Precision Strike Missile, while its PAC-3 Edge interceptor launch reinforces its position in hypersonic and advanced missile defense. Lockheed Martin and Avio Announce Strategic Cooperation Agreement
• Positive Sentiment: Investors are also factoring in a quarterly dividend increase to $3.60 per share and continued demand for PAC-3 MSE and THAAD interceptors ahead of Lockheed Martin’s October 22 earnings report.
• Neutral Sentiment: Analyst opinion is divided: Vertical Research views LMT as a buy, while Bernstein is more cautious. The debate centers on whether strong defense demand will outweigh execution and valuation concerns. Why Lockheed Martin Stock Popped Today
• Negative Sentiment: Investors remain mindful of past fixed-price contract problems, including $1.6 billion in reach-forward losses in 2025, elevated leverage and recent insider selling. The stock’s discount to its historical average could represent either a value opportunity or continued concern about execution. Lockheed Martin Trades Below Its Historical Average

Analyst Upgrades and Downgrades

LMT has been the topic of several research analyst reports. Morgan Stanley boosted their target price on shares of Lockheed Martin from $653.00 to $690.00 and gave the stock an "equal weight" rating in a report on Friday, July 24th. Rothschild & Co Redburn began coverage on shares of Lockheed Martin in a research note on Tuesday, October 6th. They set a "buy" rating and a $650.00 target price for the company. Citigroup raised their target price on shares of Lockheed Martin from $641.00 to $691.00 and gave the company a "buy" rating in a research note on Thursday, August 13th. Royal Bank Of Canada lifted their price target on shares of Lockheed Martin from $575.00 to $600.00 and gave the company a "sector perform" rating in a report on Friday, July 24th. Finally, TD Cowen reduced their price target on shares of Lockheed Martin from $600.00 to $570.00 and set a "hold" rating on the stock in a report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $630.48.

Lockheed Martin Company Profile

Lockheed Martin Corporation is a global aerospace, defense and technology company headquartered in Bethesda, Maryland. The company develops and produces advanced systems for government and commercial customers, with the U.S. Department of Defense and other U.S. government agencies representing its primary customers.

Its principal activities include the design and manufacture of military aircraft, missiles, air and missile defense systems, radar and sensor technologies, naval and rotary-wing systems, satellites, space exploration systems, and cybersecurity and information technology solutions.

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