Lockheed Martin reported results for the quarter ended 2026 with revenue of $20.06B and diluted EPS of $7.94, driven by higher volume across key programs including F‑35 and missile defense and a return to profitability versus the prior-year quarter.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$20.06B$18.16B10.5% | Net income²$1.84B$342M436.8% | Diluted EPS³$7.94$1.46443.8% |
¹ Reported as “Total sales”. ² Reported as “Net earnings”. ³ Reported as “Diluted earnings per common share”.
Business Highlights
- Revenue growth was supported by product ramps across F‑35, PAC‑3/THAAD and FBM/NGI, with higher F‑35 production and deliveries (19 delivered this quarter; 1,344 total).
- Approximately 70% of sales were to the U.S. Government (about 61% to the Department of Defense); international and FMS demand accounted for roughly 30%.
- Operational scaling included production ramp‑ups in Missiles and Fire Control (MFC) and Space, and workforce and supply‑chain actions to expand capacity.
- Program performance showed material unfavorable adjustments on F‑16, C‑130 and Heavy Lift programs in the prior period, partly offset by reversals of prior classified and helicopter program losses into current results.
Original SEC Filing:
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