Lockheed Martin stock (US5398301094): Latest earnings miss and FY2026 guidance

Lockheed Martin reported Q1 results with EPS of $6.44 missing estimates of $6.79 and revenue of $18.02B below $18.38B expected, per data as of 05/10/2026. Shares traded around $512 recently amid Hold ratings.

Lockheed Martin disclosed its latest quarterly earnings on or around May 10, 2026, posting adjusted EPS of $6.44 against the consensus estimate of $6.79, while revenue reached $18.02 billion compared to the anticipated $18.38 billion, according to MarketBeat as of 05/10/2026. Revenue showed a modest 0.3% year-over-year increase. The company reaffirmed its FY2026 guidance, projecting EPS between $29.35 and $30.25, with analysts forecasting 29.88 EPS for the year, per MarketBeat as of 05/10/2026.

As of: 11.05.2026

By the editorial team – specialized in equity coverage.

At a glance

• Name: Lockheed Martin Corporation
• Sector/industry: Aerospace & Defense
• Headquarters/country: United States
• Core markets: US government, international defense
• Key revenue drivers: Aeronautics, Missiles, Rotary and Mission Systems
• Home exchange/listing venue: NYSE (LMT)
• Trading currency: USD

Lockheed Martin: core business model

Lockheed Martin operates as a leading global security and aerospace company, primarily serving government clients with advanced technology systems. Its business model centers on long-term contracts for aircraft, missiles, rotary systems, and space solutions, generating stable revenue through multi-year defense programs. The company reported a net margin of 6.38% and return on equity of 101.64% in recent quarterly data as of 05/10/2026 from MarketBeat.

Key segments include Aeronautics (F-35 fighter jets), Missiles and Fire Control, Rotary and Mission Systems, and Space. This diversified portfolio supports US national security and international allies, with significant exposure to Pentagon budgets relevant for US investors tracking defense spending.

Main revenue and product drivers for Lockheed Martin

Aeronautics drives substantial revenue via the F-35 Lightning II program, the world's largest military aircraft initiative. Missiles and Fire Control contributes through systems like Javelin and THAAD. Recent Q1 revenue of $18.02 billion for the quarter ended in early 2026 rose 0.3% year-over-year, per MarketBeat as of 05/10/2026.

Space segment growth stems from NASA and DoD satellites, while Rotary and Mission Systems covers helicopters like Sikorsky Black Hawk. FY2026 guidance projects sales of $77.5 billion to $80 billion with 5% growth and 25% operating profit increase, according to Simply Wall St as of recent updates.

Industry trends and competitive position

The aerospace and defense sector faces rising geopolitical tensions boosting demand for Lockheed Martin's platforms. Competitors include Boeing, Northrop Grumman, and RTX, but Lockheed leads in fifth-generation fighters. Analysts adjusted average price targets to $637.60 after mixed updates, per Simply Wall St.

Why Lockheed Martin matters for US investors

Listed on NYSE, Lockheed Martin benefits directly from US defense budgets exceeding $800 billion annually, offering exposure to stable government-backed revenues. Its 2.78% dividend yield as of 05/10/2026 from Robinhood appeals to income-focused portfolios amid sector growth.

Conclusion

Lockheed Martin's recent earnings miss highlights execution challenges, yet reaffirmed FY2026 guidance signals confidence in defense demand. With a Hold consensus and targets around $628-$637, the stock remains tied to US policy and global security needs. Investors monitor upcoming catalysts like program deliveries.

Disclaimer: This article does not constitute investment advice. Stocks are volatile financial instruments.