--- title: "Lockheed Martin | 8-K: FY2026 Q3 Revenue: USD 20.71 B" type: "News" locale: "en" url: "https://longbridge.com/en/news/302697939.md" datetime: "2026-10-22T10:29:08.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/302697939.md) - [en](https://longbridge.com/en/news/302697939.md) - [zh-HK](https://longbridge.com/zh-HK/news/302697939.md) generator: "portal-rs" --- # Lockheed Martin | 8-K: FY2026 Q3 Revenue: USD 20.71 B Revenue: As of FY2026 Q3, the actual value is USD 20.71 B, compared to the market estimate of USD 20.46 B. EPS: As of FY2026 Q3, the actual value is USD 7.97, compared to the market estimate of USD 7.5177. EBIT: As of FY2026 Q3, the actual value is USD 2.443 B. ### Overall Financial Performance (Third Quarter 2026 vs. Third Quarter 2025) - **Sales**: Lockheed Martin Corporation reported sales of $20.7 billion, an 11% increase from $18.6 billion in the third quarter of 2025. - **Net Earnings**: Net earnings increased 14% to $1.8 billion, compared to $1.6 billion in the prior year quarter. - **Consolidated Operating Profit**: Consolidated operating profit was $2,443 million, up from $2,280 million. - **Business Segment Operating Profit**: Business segment operating profit increased by $200 million to $2,229 million. - **Cash Flow from Operations**: Cash from operations decreased by $290 million to $3,438 million. - **Free Cash Flow**: Free cash flow decreased by $348 million to $2,999 million. - **Backlog**: The company achieved a record backlog of $292.0 billion, including $52.5 billion related to the PAC-3 Missile Segment Enhancement (MSE) interceptor award, representing a 27% growth since the second quarter of 2026. - **Operating Costs and Expenses**: Operating costs and expenses were - $18,275 million, compared to - $16,369 million. - **Gross Profit**: Gross profit was $2,436 million, up from $2,240 million. - **Effective Tax Rate**: The effective income tax rate decreased to 15.1% from 16.5%. ### Overall Financial Performance (Nine Months Ended September 27, 2026 vs. September 28, 2025) - **Sales**: Sales for the nine months ended September 27, 2026, were $58,795 million, compared to $54,727 million in the prior year period. - **Net Earnings**: Net earnings were $5,169 million, up from $3,673 million. - **Consolidated Operating Profit**: Consolidated operating profit increased to $6,985 million from $5,400 million. - **Business Segment Operating Profit**: Business segment operating profit was $6,214 million, compared to $4,685 million. - **Cash Flow from Operations**: Cash from operations was $6,893 million, an increase from $5,338 million. - **Free Cash Flow**: Free cash flow increased to $5,625 million from $4,152 million. - **Capital Expenditures**: Capital expenditures were - $1,268 million, compared to - $1,186 million. - **Operating Costs and Expenses**: Operating costs and expenses were - $51,835 million, compared to - $49,430 million. - **Gross Profit**: Gross profit was $6,960 million, up from $5,297 million. - **Effective Tax Rate**: The effective income tax rate was 15.6%, compared to 16.4%. ### Segment Revenue and Operating Profit (Third Quarter 2026 vs. Third Quarter 2025) #### Aeronautics - **Sales**: Sales increased by $958 million, or 13%, to $8,214 million, primarily due to higher volume on F-35 production and sustainment contracts, and C-130 program sales. - **Operating Profit**: Operating profit increased by $61 million, or 9%, to $743 million. - **Operating Margin**: Operating margin was 9.0%, down from 9.4%. #### Missiles and Fire Control - **Sales**: Sales increased by $877 million, or 24%, to $4,501 million, driven by production ramps in integrated air and missile defense programs (PAC-3 and THAAD) and tactical and strike missile programs (GMLRS and PrSM). - **Operating Profit**: Operating profit increased by $121 million, or 24%, to $631 million. - **Operating Margin**: Operating margin was 14.0%, slightly down from 14.1%. #### Rotary and Mission Systems - **Sales**: Sales increased by $138 million, or 3%, to $4,511 million, mainly due to higher volume on Sensors, Effectors & Mission Systems (SEMS) radar programs. - **Operating Profit**: Operating profit increased by $18 million, or 4%, to $524 million, benefiting from a favorable profit adjustment on a contracting matter, partially offset by unfavorable adjustments on Heavy Lift and Seahawk programs. - **Operating Margin**: Operating margin remained stable at 11.6%. #### Space - **Sales**: Sales increased by $129 million, or 4%, to $3,485 million, primarily from higher volume on Fleet Ballistic Missile (FBM) and Next Generation Interceptor (NGI) programs, partially offset by lower sales for national security space programs. - **Operating Profit**: Operating profit was comparable at $331 million. - **Operating Margin**: Operating margin was 9.5%, down from 9.9%. ### Operational Metrics - **Aircraft Deliveries (Q3 2026 vs Q3 2025)**: - F-35: 43 units vs 46 units. - F-16: 4 units vs 5 units. - C-130J: 2 units vs 0 units. - Government helicopter programs: 16 units vs 22 units. - Commercial helicopter programs: 0 units vs 1 unit. - International military helicopter programs: 7 units vs 6 units. ### 2026 Financial Outlook Lockheed Martin Corporation updated its 2026 financial outlook, raising its guidance for sales, earnings per share, and free cash flow. The company now projects sales between ~$80,000 million and $82,000 million, and cash from operations between ~$10,000 million and $10,200 million. This leads to an increased free cash flow outlook of ~$7,800 million to $8,000 million. ### Related Stocks - [LMT.US](https://longbridge.com/en/quote/LMT.US.md) - [LMTL.US](https://longbridge.com/en/quote/LMTL.US.md) ## Related News & Research - [Lockheed Martin (LMT) To Report Earnings Tomorrow: Here Is What To Expect](https://longbridge.com/en/news/302496282.md) - [Lockheed Martin Announces Availability of Form 10-Q for Period Ended September 27, 2026](https://longbridge.com/en/news/302879785.md) - [Curry Webb Wealth Management LLC Buys 4,542 Shares of Lockheed Martin Corporation $LMT](https://longbridge.com/en/news/302844602.md) - [LMT: Record $292B backlog and munitions growth drove another increase in 2026 guidance](https://longbridge.com/en/news/302777259.md) - [Metatek orders new eFTG instrument from Lockheed Martin under seven-year global exclusivity deal](https://longbridge.com/en/news/301025832.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**