Current Liabilities
Deferred Revenue
Lockheed Martin Deferred Revenue decreased by 6.2% to $10.74B in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 14.5%, from $9.38B to $10.74B. Over 5 years (FY 2020 to FY 2025), Deferred Revenue shows an upward trend with a 8.7% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
StatementBalance Sheet Statement
SectionCurrent Liabilities
CategoryGrowth
SignalHigher is better
VolatilityModerate
First reportedQ4 2017
Last reportedQ1 2026Apr 23, 2026
How to read this metric
An increase is a positive indicator of future revenue growth and strong order backlogs.
Detailed definition
This represents payments received from customers for goods or services that have not yet been delivered or performed. It...
Peer comparison
Critical for defense contractors with long-term government contracts and milestone-based billing.
Metric ID:
deferred_revenue_currentHistorical Data
20 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $7.38B | $7.52B | $8.11B | $7.90B | $8.08B | $8.06B | $8.49B | $8.34B | $8.18B | $7.94B | $9.19B | $8.75B | $9.18B | $9.05B | $9.80B | $9.38B | $9.86B | $10.26B | $11.44B | $10.74B |
| QoQ Change | — | +1.8% | +7.9% | -2.5% | +2.2% | -0.2% | +5.3% | -1.8% | -1.8% | -3.0% | +15.8% | -4.8% | +5.0% | -1.4% | +8.2% | -4.3% | +5.2% | +4.0% | +11.5% | -6.2% |
| YoY Change | — | — | — | — | +9.5% | +7.2% | +4.7% | +5.5% | +1.3% | -1.5% | +8.3% | +4.9% | +12.2% | +14.0% | +6.6% | +7.2% | +7.4% | +13.3% | +16.8% | +14.5% |
Range$7.38B – $11.44B
CAGR+8.2%
Avg YoY Growth+8.2%
Median YoY Growth+7.3%
Business Segments
| Segment | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|
| MFC | $1.36B | $1.33B | $1.30B | $1.25B | $1.19B | $1.12B |
| Aeronautics | — | — | $583.00M | $530.00M | $495.00M | $450.00M |
| Total | $9.80B | $9.38B | $9.86B | $10.26B | $11.44B | $10.74B |
Deferred Revenue at Other Companies
Frequently Asked Questions
- What is Lockheed Martin's deferred revenue?
- Lockheed Martin (LMT) reported deferred revenue of $10.74B in Q1 2026.
- How has Lockheed Martin's deferred revenue changed year-over-year?
- Lockheed Martin's deferred revenue increased by 14.5% year-over-year, from $9.38B to $10.74B.
- What is the long-term trend for Lockheed Martin's deferred revenue?
- Over 5 years (2020 to 2025), Lockheed Martin's deferred revenue has grown at a 8.7% compound annual growth rate (CAGR), from $7.55B to $11.44B.
- What does deferred revenue mean?
- Cash received from customers for work that has not been completed yet.