LMT · Q3 2026

Lockheed Martin

Thursday, October 22 · 8:30 AM EDT

Results available

Fiscal period ended 2026-09-27.

Full analysis below.

Earnings analysis

Lockheed Martin · Q3 2026 · Earnings analysis

Lockheed Martin’s higher outlook leans on missile production

Missile production supplies most of Lockheed’s quarterly segment-profit increase. F-35 funding remains unresolved as higher operating-cash expectations lift the full-year free-cash-flow outlook.

November 1, 2026 · Quarter coverage and company materials ↗

Coming into the quarter

Second quarter 2026. Period ended 2026-06-28. Company-wide figures unless noted.

Revenue: $20.06 billion
Backlog: $230.42 billion

First takes

Lockheed's missiles segment sales rise 24% with margin nearly steady

Missiles and Fire Control accounts for most of Lockheed's backlog increase from year-end through the third-quarter close.

No official call questions and answers available here for this quarter.

Follow the reporting

EarningsLockheed Martin’s higher outlook leans on missile productionMissile production supplies most of Lockheed’s quarterly segment-profit increase. F-35 funding remains unresolved as higher operating-cash expectations lift the full-year free-cash-flow outlook.Nov 1, 2026