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Lockheed Martin LMT Q1 2026 earnings

Reported April 23, 2026 · Before market open

Revenue$18.0BMiss by $200.8M
EPS$6.44Miss by $0.30
Revenue estimate$18.2B
EPS estimate$6.74

Next report

Oct 20, 2026 (In 2 weeks)
Revenue estimate$20.4B
EPS estimate$7.54

Financials

Q1 2026

Income statement

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Revenue$18.0B+0.3%
Gross profit$2.1B-10.5%
Operating income$2.1B-13.0%
Net income$1.5B-13.1%
EPS (diluted)$6.44-11.5%

Balance sheet

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Cash & equivalents$1.9B+5.0%
Total debt$20.7B+1.9%
Total equity$7.5B+12.1%
Total assets$59.2B+4.5%

Cash flow

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Operating cash flow$220.0M-84.4%
CapEx$511.0M+12.6%
Free cash flow-$291.0M-130%

Valuation & ratios

Valuation

as of 03/29/26
See full
Market cap$139.29B+32.9%
Enterprise value$158.09B+28.2%
P/E29.1×+10.0×
P/S1.9×+0.4×

Profitability

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Gross margin9.8%-0.3pp
Operating margin9.9%-0.4pp
Net margin6.4%-1.3pp
FCF margin7.7%+0.8pp

Returns & leverage

See full
Return on equity67.6%-14.9pp
Debt / equity2.8×-0.3×
Current ratio1.1×+0.1×

Segments

By segment

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Aeronautics$7.0B-1.5%
RMS$4.0B-7.8%
MFC$3.6B+8.2%
Space$3.4B+7.0%

By geography

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Europe$2.6B+33.4%
Asia Pacific$1.7B-4.3%
Middle East$794.0M+12.8%
Other$554.0M+9.5%

FAQ

When did Lockheed Martin report Q1 2026 earnings?
Lockheed Martin (LMT) reported Q1 2026 earnings on April 23, 2026 before market open.
What were Lockheed Martin's Q1 2026 revenue and EPS?
Lockheed Martin reported revenue of $18.0B and eps of $6.44 for Q1 2026.
Did Lockheed Martin beat estimates in Q1 2026?
Revenue missed the consensus estimate of $18.2B by $200.8M. EPS missed the consensus estimate of $6.74 by $0.30.
Where can I find Lockheed Martin's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001628280-26-026683) and the 10-Q periodic report (0001628280-26-026836) directly on SEC EDGAR. The filing index links above go to sec.gov.