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Lockheed Martin (LMT) Q3 2026 Earnings: Guidance Raised

Q3 2026 (ended Sep 27, 2026): revenue, EPS and full-year guidance from the SEC filing

Published Nov 5, 2026

TL;DR

  • Lockheed Martin raised its full-year guidance; revenue +11.3% vs a year earlier.

Lockheed Martin's results for Q3 2026 (ended Sep 27, 2026) come from the company's own earnings release, filed with the SEC on 2026-10-22. Everything below is taken from that filing; quotes are copied exactly. Company outlooks are the company's own.

At a glance

ItemValue
Revenue (GAAP)$20,711 million (+11.3% vs a year earlier)
Diluted EPS (GAAP)$7.97
Full-year guidanceRaised

Guidance

Lockheed Martin raised 2026 guidance: sales ~$80–82 billion, diluted EPS ~$30.35–30.75, free cash flow ~$7.8–8.0 billion.

Why this label: Current-vs-July table: sales ~$80.0-82.0B (from $79.75-81.75B) and diluted EPS ~$30.35-30.75 (from $29.95-30.65); segment operating profit narrowed; nothing core lowered.

MetricPeriodNewPrior (as stated in the release)
salesFY2026~$80.0–82.0 billion$79.75–81.75 billion (July 2026)
business segment operating profitFY2026~$8,575–8,675 million$8,500–8,700 million (July 2026)
diluted EPSFY2026~$30.35–30.75$29.95–30.65 (July 2026)
cash from operationsFY2026~$10.0–10.2 billion$9.2–9.4 billion (July 2026)
free cash flowFY2026~$7.8–8.0 billion$7.0–7.2 billion (July 2026)

From the release

Revenue: "Sales · $ · 20,711 · $ · 18,609"

Earnings per share: "Diluted earnings per share · $ · 7.97 · $ · 6.95"

sales: "Sales · ~$80,000 - $82,000 · $79,750 - $81,750"

business segment operating profit: "Business segment operating profit 1 · ~$8,575 - $8,675 · $8,500 - $8,700"

diluted EPS: "Diluted earnings per share · ~$30.35 - $30.75 · $29.95 - $30.65"

Quotes are copied from the filing; in table rows, cell borders are shown as “·”.

Key fact: Record backlog of $292.0 billion; raised 2026 sales, EPS and free cash flow guidance.

Source

Lockheed Martin earnings release (SEC filing), accession 0001628280-26-066780, filed 2026-10-22.

Part of the Q3 2026 Guidance Tracker. Educational only, not advice. Free weekly recap every Sunday: yieldterminalpro.com/newsletter.

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