Lockheed Martin stock: October 22 results test Lockheed Martin stock

Published on 10/21/2026 at 17:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RBC cut target to USD 550.00 on October 15, 2026. Lockheed Martin stock costs EUR 489.50 on October 21, 2026, plus 0.53 percent versus the Xetra close.

Earnings date and analyst target

Lockheed Martin will publish third-quarter results on October 22, 2026, before the market opens.
Royal Bank of Canada cut its target from USD 600.00 to USD 550.00 on October 15, 2026.
Lockheed Martin stock costs EUR 489.50 at Lang & Schwarz on October 21, 2026 at 5:41 p.m. CEST, plus 0.53 percent versus the Xetra close.

Rüstungswerk mit Hangar, Radarturm und unmarkiertem Kampfjet in der Abenddämmerung — Fotorealistische Werksanlage von Lockheed Martin (ISIN US5398301094) mit Hangar und unmarkiertem Tarnkappenjet bei Dämmerung, Illustration mit AI erstellt.

Lockheed Martin will publish its third-quarter 2026 results before the market opens on October 22, 2026, followed by an 8:30 a.m. ET webcast, according to PR Newswire. Royal Bank of Canada cut its price target from USD 600.00 to USD 550.00 on October 15, 2026, while keeping a sector perform rating, as MarketBeat reported. At Lang & Schwarz, the stock was trading at EUR 489.50 on October 21, 2026 at 5:41 p.m. CEST, plus 0.53 percent versus the Xetra close of October 20, 2026 at EUR 486.90.

Results arrive before the open

The scheduled release gives investors a near-term test of the outlook raised after the second quarter. Lockheed Martin reported USD 20.06 billion in second-quarter revenue and diluted earnings per share of USD 7.94, compared with consensus of USD 19.34 billion and USD 7.22, respectively, according to MarketBeat. Revenue therefore exceeded the cited consensus by USD 0.72 billion, while earnings per share exceeded it by USD 0.72.

Analysts tracked by Earnings Whispers expected third-quarter revenue of USD 20.35 billion and earnings per share of USD 7.48 in its October 14, 2026 analysis. That would put revenue 1.43 percent above the second-quarter figure and earnings per share 5.79 percent below the second-quarter result, making execution and cash conversion more important than a simple sales beat.

Stock remains below its yearly high

The NYSE quote was USD 549.29 at 11:43 a.m. EDT on October 21, 2026, up 0.11 percent on the session, with a volume of 308,343 shares. The 52-week range was USD 437.25 to USD 692.00, placing the stock 20.62 percent below its high and 25.59 percent above its low.

Valuation and peer comparison

Lockheed Martin had a price-to-earnings ratio of 20.28 and a market capitalization of USD 126.8 billion on October 21, 2026. The USD 550.00 Royal Bank of Canada target lies 0.13 percent above the NYSE price, a narrow gap that leaves the October 22 report as the next clear test of the analyst view.

Comparison with peers

Lockheed Martin: plus 0.11 percent, P/E 20.28, market capitalization USD 126.8 billion on October 21, 2026. RTX Corporation (NYSE, USD): minus 0.95 percent, P/E 31.13, market capitalization USD 258.1 billion on October 21, 2026. Northrop Grumman Corporation (NYSE, USD): plus 0.68 percent, P/E 16.96, market capitalization USD 76.4 billion on October 21, 2026.

What the next session brings

The company has placed the publication before the US opening bell, so the first figures will arrive ahead of regular NYSE trading. The prior quarter combined USD 3.24 billion in operating cash flow with USD 20.06 billion in revenue, while the current analyst view calls for USD 20.35 billion in third-quarter revenue.

Euro quote after Xetra close

Lockheed Martin stock was trading at EUR 489.50 at Lang & Schwarz on October 21, 2026 at 5:41 p.m. CEST, plus 0.53 percent versus the Xetra close of October 20, 2026 at EUR 486.90. The further course of trading is shown by the continuously updated real-time quote of Lockheed Martin stock.