LOCKHEED MARTIN CORP (LMT) Form 8-K — Oct 22, 2026
Lockheed Martin reported Q3 2026 sales of $20.7 billion, up 11% year over year, with net earnings up 14% to $1.8 billion, or $7.97 per diluted share. All four segments grew, led by a 24% sales jump in Missiles and Fire Control on PAC-3, THAAD, GMLRS, and PrSM production ramps. The company posted a record backlog of $292.0 billion, up 27% from Q2, including $52.5 billion tied to the multi-year PAC-3 MSE interceptor award, and raised its full-year 2026 guidance for sales, EPS, and free cash flow for the second consecutive quarter. Management also raised the dividend for the 24th straight year.
Key figures
- Eps
- 7.97
- Revenue
- 20711000000
- Guidance
- FY2026 sales ~$80,000-$82,000M (raised from $79,750-$81,750M); diluted EPS ~$30.35-$30.75 (raised from $29.95-$30.65); free cash flow ~$7,800-$8,000M (raised from $7,000-$7,200M)
- Net Income
- 1845000000
- Total Debt
- 20498000000
- Revenue Yoy
- 11%
- Total Assets
- 64510000000
- Cash Position
- 5960000000
- Capex q3
- $439M
- Record backlog
- $292.0B, up 27% from Q2 2026 and vs $193.6B at Dec 31, 2025
- Nine month sales
- $58,795M vs $54,727M
- Pac3 mse backlog
- $52.5B multi-year PAC-3 MSE interceptor award
- F35 deliveries q3
- 43 vs 46
- Free cash flow q3
- $3.0B (vs $3.3B in Q3 2025)
- Segment sales growth
- Aeronautics +13%, Missiles and Fire Control +24%, Rotary and Mission Systems +3%, Space +4%
- Effective tax rate q3
- 15.1% vs 16.5%
- Nine month diluted eps
- $22.36 vs $15.69
- Cash from operations q3
- $3.4B (vs $3.7B in Q3 2025)
- Dividend increase streak
- 24th consecutive annual increase
AI analysis
The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.
AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.