Lockheed Martin (NYSE:LMT) Updates FY 2026 Earnings Guidance

Lockheed Martin (NYSE:LMT) updated its FY 2026 earnings guidance on Friday. The company provided EPS guidance of 29.350-30.250 for the period, compared to the consensus EPS estimate of 29.460. The company issued revenue guidance of $77.5 billion-$80.0 billion, compared to the consensus revenue estimate of $77.8 billion.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on LMT. UBS Group lifted their price target on shares of Lockheed Martin from $513.00 to $580.00 and gave the stock a “neutral” rating in a report on Thursday, January 15th. Susquehanna restated a “positive” rating and issued a $660.00 target price on shares of Lockheed Martin in a research note on Thursday, January 15th. BNP Paribas Exane upped their price target on Lockheed Martin from $550.00 to $570.00 and gave the company an “outperform” rating in a research report on Thursday, January 8th. Citigroup increased their price target on Lockheed Martin from $505.00 to $592.00 and gave the stock a “neutral” rating in a research note on Tuesday, January 13th. Finally, JPMorgan Chase & Co. boosted their price objective on Lockheed Martin from $515.00 to $680.00 and gave the company a “neutral” rating in a research note on Friday. Five investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $577.29.

Lockheed Martin Price Performance

Shares of NYSE LMT opened at $634.31 on Friday. The company has a debt-to-equity ratio of 3.05, a quick ratio of 0.97 and a current ratio of 1.09. Lockheed Martin has a fifty-two week low of $410.11 and a fifty-two week high of $645.67. The stock has a market cap of $146.78 billion, a PE ratio of 29.52, a price-to-earnings-growth ratio of 1.78 and a beta of 0.24. The stock has a fifty day moving average of $509.69 and a 200-day moving average of $480.88.

Lockheed Martin (NYSE:LMT) last issued its earnings results on Thursday, January 29th. The aerospace company reported $5.80 EPS for the quarter, missing the consensus estimate of $6.33 by ($0.53). The company had revenue of $20.32 billion during the quarter, compared to the consensus estimate of $19.84 billion. Lockheed Martin had a return on equity of 108.53% and a net margin of 6.69%.The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $7.67 EPS. Equities research analysts anticipate that Lockheed Martin will post 27.15 earnings per share for the current year.

Trending Headlines about Lockheed Martin

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Company outlook and defense demand — Lockheed gave an upbeat 2026 profit/revenue outlook and cited strong fighter-jet and missile demand alongside a record backlog that supports multi?year revenue visibility. Reuters: Lockheed Martin forecasts upbeat 2026 profit, revenue
• Positive Sentiment: THAAD and production ramp — Lockheed signed a framework to quadruple THAAD interceptor output (to ~400/year) and will expand munitions capacity, a clear revenue/margin tailwind if sustained. PR Newswire: Lockheed Martin and U.S. Department of War sign framework agreement
• Positive Sentiment: Analyst price-target lifts — Several firms raised targets this morning (Truist to $695, JPMorgan to $680, TD Cowen to $670, RBC to $650), supporting the stock’s upside narrative. MarketScreener: Truist raises price target MarketScreener: JPMorgan raises price target MarketScreener: TD Cowen raises price target MarketScreener: RBC raises price target
• Neutral Sentiment: Q4 results were mixed — revenue and cash flow were strong and backlog is record?high, but reported EPS comparisons and some measure revisions caused mixed headlines; investors are weighing growth vs. margin/earnings trajectory. PR Newswire: Q4 and FY2025 results
• Neutral Sentiment: FY2026 guidance: narrow differences vs. consensus — management issued EPS guidance of 29.35–30.25 and revenue guidance roughly $77.5B–$80.0B, close to Street expectations but leaving little margin for surprise; this reduces forecast risk but limits upside if growth slows. Reuters: Guidance details
• Negative Sentiment: Some analyst caution remains — Deutsche Bank raised its target but still implies a modest downside versus current levels, showing not all brokers see large incremental upside. MarketScreener: Deutsche Bank raises target but below current price
• Negative Sentiment: Insider selling flagged — recent disclosed insider sales (no purchases) could be read as minor negative signal for sentiment or liquidity needs. QuiverQuant: Q4 earnings and insider activity

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Mendel Capital Management LLC increased its holdings in shares of Lockheed Martin by 1.0% in the second quarter. Mendel Capital Management LLC now owns 2,566 shares of the aerospace company’s stock worth $1,188,000 after purchasing an additional 26 shares during the period. Talisman Wealth Advisors LLC boosted its stake in Lockheed Martin by 5.0% during the second quarter. Talisman Wealth Advisors LLC now owns 613 shares of the aerospace company’s stock valued at $284,000 after buying an additional 29 shares during the period. FSB Premier Wealth Management Inc. grew its position in Lockheed Martin by 6.2% during the second quarter. FSB Premier Wealth Management Inc. now owns 511 shares of the aerospace company’s stock worth $237,000 after buying an additional 30 shares in the last quarter. Florida Financial Advisors LLC increased its stake in Lockheed Martin by 3.4% in the 2nd quarter. Florida Financial Advisors LLC now owns 953 shares of the aerospace company’s stock worth $441,000 after acquiring an additional 31 shares during the last quarter. Finally, Invenio Wealth Partners LLC increased its stake in Lockheed Martin by 6.8% in the 3rd quarter. Invenio Wealth Partners LLC now owns 506 shares of the aerospace company’s stock worth $253,000 after acquiring an additional 32 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

Lockheed Martin Company Profile

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.