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

Lockheed Martin (NYSE:LMT) updated its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share guidance of 29.950-30.650 for the period, compared to the consensus EPS estimate of 29.890. The company issued revenue guidance of $79.8 billion-$81.8 billion, compared to the consensus revenue estimate of $79.1 billion.

Analysts Set New Price Targets

LMT has been the subject of a number of recent analyst reports. Wall Street Zen downgraded Lockheed Martin from a “buy” rating to a “hold” rating in a report on Saturday, April 25th. Wells Fargo & Company set a $575.00 price objective on Lockheed Martin in a research note on Wednesday, July 8th. JPMorgan Chase & Co. decreased their price target on Lockheed Martin from $680.00 to $605.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. BNP Paribas Exane dropped their price objective on Lockheed Martin from $770.00 to $680.00 and set an “outperform” rating on the stock in a research note on Friday, April 24th. Finally, Bank of America decreased their price target on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $617.83.

Lockheed Martin Price Performance

LMT opened at $568.62 on Friday. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94. Lockheed Martin has a 1 year low of $412.55 and a 1 year high of $692.00. The stock’s 50 day simple moving average is $522.45 and its 200 day simple moving average is $573.14. The firm has a market cap of $131.10 billion, a price-to-earnings ratio of 27.54, a PEG ratio of 0.92 and a beta of 0.11.

Lockheed Martin (NYSE:LMT) last announced its quarterly earnings results on Thursday, July 23rd. The aerospace company reported $7.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The company had revenue of $20.06 billion for the quarter, compared to the consensus estimate of $19.34 billion. During the same quarter in the previous year, the business earned $1.46 EPS. Lockheed Martin’s revenue was up 10.5% compared to the same quarter last year. Lockheed Martin has set its FY 2026 guidance at 29.950-30.650 EPS. As a group, analysts predict that Lockheed Martin will post 29.92 earnings per share for the current year.

Lockheed Martin Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be issued a $3.45 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $13.80 dividend on an annualized basis and a yield of 2.4%. Lockheed Martin’s dividend payout ratio is 66.83%.

Key Lockheed Martin News

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

• Positive Sentiment: Lockheed Martin beat Q2 estimates with EPS of $7.94 and revenue of $20.06 billion, while sales rose 10.5% year over year, signaling solid demand across its defense programs. Lockheed Martin Reports Second Quarter 2026 Financial Results
• Positive Sentiment: The company reported a record $230 billion backlog, including a major THAAD interceptor contract, which supports visibility for future revenue growth and helped lift investor confidence. Reuters article on 2026 forecasts and Pentagon restocking
• Positive Sentiment: Management raised full-year 2026 guidance for both sales and EPS, reflecting stronger munitions production and continued Pentagon demand to restock weapons inventories. Wall Street Journal article on raised outlook
• Positive Sentiment: Analysts highlighted the company’s stronger year ahead and noted that robust defense demand, especially for missiles and munitions, is driving the stock higher. Benzinga article on record backlog and Q2 earnings
• Neutral Sentiment: Lockheed Martin also declared its quarterly dividend, reinforcing its shareholder-return profile, though this was not the main catalyst for the move. Lockheed Martin Declares Third Quarter 2026 Dividend
• Negative Sentiment: Some reports noted that broader market weakness and analyst target cuts could temper upside, but these were outweighed by the strong earnings and guidance beat. Yahoo Finance article on analysts trimming targets

Institutional Trading of Lockheed Martin

A number of hedge funds have recently made changes to their positions in LMT. United Financial Planning Group LLC purchased a new position in Lockheed Martin in the third quarter worth about $25,000. Triumph Capital Management boosted its position in shares of Lockheed Martin by 66.7% during the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after buying an additional 22 shares during the last quarter. Mcguire Capital Advisors Inc. purchased a new position in Lockheed Martin in the 4th quarter worth about $30,000. Wexford Capital LP bought a new stake in shares of Lockheed Martin in the third quarter worth approximately $36,000. Finally, Heritage Wealth Advisors raised its holdings in shares of Lockheed Martin by 62.0% during the fourth quarter. Heritage Wealth Advisors now owns 81 shares of the aerospace company’s stock valued at $39,000 after purchasing an additional 31 shares during the last quarter. 74.19% of the stock is owned by institutional investors.

About Lockheed Martin

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.