Lockheed Martin Corp. (LMT) Financials
Key financial figures for Lockheed Martin Corp. (Q3 2026).
Lockheed Martin Q3 2026 sales rose 11% to $20.7B and diluted EPS rose to $7.97 from $6.95, backlog hit a record $291.98B, and full-year sales, EPS and free cash flow guidance was raised again. Sales were $20,711M versus $18,609M in Q3 2025 (+11%), with all four segments growing: Aeronautics $8,214M (+13%), Missiles and Fire Control $4,501M (+24%), Rotary and Mission Systems $4,511M (+3%) and Space $3,485M (+4%). Net earnings were $1,845M ($7.97 per diluted share) versus $1,619M ($6.95), a 14% increase. Business segment operating profit rose $200M to $2,229M (10.8% margin versus 10.9%), on munition ramps at Missiles and Fire Control and higher Aeronautics volume. On the outlook: Raised 2026 outlook (current update vs July 2026): sales ~$80,000-$82,000M (was $79,750-$81,750M); business segment operating profit ~$8,575-$8,675M (was $8,500-$8,700M); diluted EPS ~$30.35-$30.75 (was $29.95-$30.65); cash from operations ~$10,000-$10,200M (was $9,200-$9,400M); capital expenditures ~$2,100-$2,300M (was $2,000-$2,400M); free cash flow ~$7,800-$8,000M (was $7,000-$7,200M); total FAS/CAS pension adjustment ~$1,365M (unchanged). Figures are for Q3 2026, as Lockheed Martin Corporation reported them.
- Revenue
- $20.7B
- Net Income
- $1.8B
- EPS
- $8.00
- Total Assets
- $64.5B
- Operating Cash Flow
- $3.4B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q3 FY2026 | $20.7B | $1.8B | $7.97 | 11.8% | $3.0B |
| Q2 FY2026 | $20.1B | $1.8B | $7.94 | 12.36% | $2.9B |
| Q1 FY2026 | $18.0B | $1.5B | $6.44 | 11.45% | -$291M |
| Q4 FY2025 | $20.3B | $1.3B | $5.80 | 11.47% | $2.8B |
| Q3 FY2025 | $18.6B | $1.6B | $6.95 | 12.25% | $3.3B |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $75.1B | $5.0B | $21.49 | 10.3% | $6.9B |
| FY2024 | $71.0B | $5.3B | $22.31 | 9.87% | $5.3B |
| FY2023 | $67.6B | $6.9B | $27.55 | 12.59% | $6.2B |
Frequently asked questions
What was Lockheed Martin Corporation's revenue last quarter?
Lockheed Martin Corporation reported revenue of $20.71 billion for Q3 FY2026, up 11.3% from the same period a year earlier.
Is Lockheed Martin Corporation profitable?
Yes. Lockheed Martin Corporation reported net income of $1.85 billion for Q3 FY2026, a net margin of 8.91% on revenue.
How has Lockheed Martin Corporation's margin trended?
Operating margin was 11.8% in Q3 FY2026, compared with 12.25% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
How much free cash flow did Lockheed Martin Corporation generate?
Lockheed Martin Corporation generated free cash flow of $3.00 billion in Q3 FY2026, after capital expenditure.
Full income statement, balance sheet and cash flow for Lockheed Martin Corp. on SentiSense, with up to forty quarters and twenty fiscal years of history.