Lockheed Martin stock (US5398301094): Q1 earnings miss and updated FY guidance

Lockheed Martin reported Q1 2026 earnings on April 23, missing EPS estimates at $6.44 vs. $6.79 expected, with revenue at $18.02B slightly below forecasts. The company issued new FY 2026 guidance.

Lockheed Martin, a leading US defense contractor, released its Q1 2026 earnings on April 23, 2026, posting earnings per share of $6.44, which fell short of the consensus estimate of $6.79 by $0.35. Quarterly revenue increased 0.3% year-over-year to $18.02 billion, missing expectations of $18.38 billion, MarketBeat as of May 2026. During the earnings call, the company updated its full-year 2026 guidance to EPS of $29.35-$30.25, below the prior consensus of $29.94, and revenue of $77.5-$80.0 billion versus $79.1 billion expected.

As of: 14.05.2026

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, Space, Rotary
• Home exchange/listing venue: NYSE (LMT)
• Trading currency: USD

Lockheed Martin: core business model

Lockheed Martin operates as a premier US-based aerospace and defense company, focusing on advanced technology systems for government and commercial clients. Its four main business segments—Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space—generate revenue primarily from long-term contracts with the US Department of Defense and allies. In Q1 2026, the company reported sales across these segments contributing to total revenue of $18.02 billion for the quarter ended March 31, 2026, published April 23, 2026, MarketBeat as of May 2026.

Main revenue and product drivers for Lockheed Martin

The Aeronautics segment, featuring the F-35 Lightning II program, remains a cornerstone, alongside the F-16 and C-130 Hercules. Missiles and Fire Control drives growth through systems like the Patriot and Javelin. Rotary and Mission Systems includes Sikorsky helicopters, while Space focuses on satellites and Orion spacecraft. For Q1 2026, trailing twelve-month EPS stood at $20.65 with a P/E ratio of 25.20 as of April 2026 data, MarketBeat as of May 2026. FY 2025 revenue was $75.05 billion per recent reports.

Conclusion

Lockheed Martin's Q1 2026 results showed a modest revenue gain but an EPS miss, prompting adjusted FY guidance that reflects cautious outlook amid defense spending dynamics. The stock traded at $519.94 on May 13, 2026, after a 0.2% decline, with recent volatility including a 1.69% daily range, StockInvest as of May 13, 2026. Investors track ongoing programs and geopolitical factors influencing US defense budgets.

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