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

Lockheed Martin (NYSE:LMT) issued an update on its FY 2026 earnings guidance on Friday morning. 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.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on LMT shares. Robert W. Baird increased their price target on shares of Lockheed Martin from $550.00 to $640.00 and gave the company an “outperform” rating in a research note on Friday, January 16th. Truist Financial upped their price objective on Lockheed Martin from $605.00 to $695.00 and gave the company a “buy” rating in a report on Friday. UBS Group raised their target price on Lockheed Martin from $513.00 to $580.00 and gave the stock a “neutral” rating in a research note on Thursday, January 15th. JPMorgan Chase & Co. lifted their target price on Lockheed Martin from $515.00 to $680.00 and gave the company a “neutral” rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Lockheed Martin from $492.00 to $611.00 and gave the stock a “hold” rating in a report on Friday. Five analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Lockheed Martin currently has a consensus rating of “Hold” and a consensus price target of $577.29.

Lockheed Martin Stock Up 0.9%

LMT stock traded up $5.40 during mid-day trading on Friday, reaching $627.91. The company had a trading volume of 924,878 shares, compared to its average volume of 2,196,544. Lockheed Martin has a fifty-two week low of $410.11 and a fifty-two week high of $645.67. The company has a market capitalization of $145.30 billion, a price-to-earnings ratio of 35.11, a price-to-earnings-growth ratio of 1.71 and a beta of 0.24. The company has a debt-to-equity ratio of 3.32, a quick ratio of 0.97 and a current ratio of 1.13. The firm has a fifty day simple moving average of $506.21 and a 200 day simple moving average of $479.69.

Lockheed Martin (NYSE:LMT) last released its quarterly earnings data on Thursday, January 29th. The aerospace company reported $5.80 earnings per share for the quarter, missing analysts’ consensus estimates of $6.33 by ($0.53). Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The company had revenue of $20.32 billion for the quarter, compared to analyst estimates of $19.84 billion. During the same period in the previous year, the business posted $7.67 EPS. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. Analysts forecast that Lockheed Martin will post 27.15 earnings per share for the current fiscal year.

Key Headlines Impacting Lockheed Martin

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

• Positive Sentiment: Truist raised its price target to $695 and maintained a Buy rating, signaling roughly a double‑digit upside view tied to accelerating production and cash generation. Truist Boosts Price Target on Lockheed Martin to $695
• Positive Sentiment: JPMorgan raised its target to $680 (neutral rating), which still implies notable upside and reinforces institutional optimism about defense demand. JPMorgan Adjusts Lockheed Martin Price Target to $680
• Positive Sentiment: TD Cowen lifted its target to $670 (hold), adding to the cluster of upward revisions that support the rally. TD Cowen Adjusts Lockheed Martin Price Target to $670
• Positive Sentiment: Lockheed signed a framework with the U.S. government to quadruple THAAD interceptor production and will break ground on an Arkansas munitions center — a direct revenue and backlog driver. Lockheed Martin and U.S. Department of War Sign Framework Agreement to Quadruple THAAD Production
• Positive Sentiment: Q4 results showed solid revenue, strong operating cash flow and a record backlog (~$194B), which analysts and investors cited as justification for the rally despite mixed EPS headlines. Lockheed Martin Reports Fourth Quarter and Full Year 2025 Financial Results
• Neutral Sentiment: FY‑2026 guidance is roughly in line with consensus: EPS 29.35–30.25 (consensus ~29.46) and revenue $77.5B–$80.0B (consensus ~77.8B) — a range that leaves room for investor interpretation. Lockheed Martin Forecasts Upbeat 2026 Profit, Revenue
• Negative Sentiment: Deutsche Bank raised its target to $611 but that target still sits below the current trading level, signaling at least one major house is more cautious on upside. Deutsche Bank Adjusts Lockheed Martin Price Target to $611
• Negative Sentiment: Some outlets flagged an EPS shortfall versus certain estimates (headline EPS comparisons varied across providers), underscoring the “mixed” nature of the quarter despite revenue and backlog strength. Lockheed’s Q4 Earnings Miss Estimates, Sales Increase Year Over Year

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in LMT. Centaurus Financial Inc. grew its holdings in shares of Lockheed Martin by 7.6% during the third quarter. Centaurus Financial Inc. now owns 1,115 shares of the aerospace company’s stock worth $556,000 after buying an additional 79 shares in the last quarter. Apexium Financial LP boosted its stake in Lockheed Martin by 7.6% in the 3rd quarter. Apexium Financial LP now owns 1,030 shares of the aerospace company’s stock worth $514,000 after buying an additional 73 shares during the last quarter. Camelot Portfolios LLC purchased a new stake in Lockheed Martin in the 3rd quarter valued at about $202,000. Keystone Financial Group grew its holdings in Lockheed Martin by 10.3% in the 3rd quarter. Keystone Financial Group now owns 3,096 shares of the aerospace company’s stock valued at $1,490,000 after buying an additional 289 shares during the period. Finally, Palisade Asset Management LLC acquired a new position in shares of Lockheed Martin during the 3rd quarter valued at about $163,000. 74.19% of the stock is owned by hedge funds and other 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.