
Lockheed Martin (LMT) earnings history, EPS estimates, revenue forecasts and company guidance.
Earnings Per Share (Non-GAAP)
Quarterly Revenue (Billions)
Lockheed Martin (LMT) last issued guidance on July 23, 2026 for fiscal year 2026. The company guided earnings per share in the range of $29.95 - $30.65, compared to a consensus EPS estimate of $29.89. Lockheed Martin also guided revenue in the range of $79.75B - $81.75B for the period.
Compared to prior guidance, Lockheed Martin raised its EPS outlook from a previous range of $29.35 - $30.25. On the revenue side, the company raised its revenue forecast from a prior range of $77.5B - $80B.
Lockheed Martin has issued 16 guidance updates between October 18, 2022 and July 23, 2026. During this period, the company raised its outlook 8 times and lowered it 1 time, providing investors with insight into management's evolving expectations.
| Metric | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Estimate | $7.23 | $6.69 | $5.94 | $6.34 |
| Actual | $7.94 | $6.44 | $5.80 | $6.95 |
| Surprise | +9.82% | -3.74% | -2.36% | +9.62% |
| Revenue | ||||
| Estimate | $19.37B | $18.24B | $19.85B | $18.54B |
| Actual | $20.06B | $18.02B | $20.32B | $18.61B |
| Surprise | +3.59% | -1.22% | +2.39% | +0.39% |
| Metric | Q3 '26E | Q4 '26E | Q1 '27E | Q2 '27E |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Consensus | $7.42 | $8.46 | $7.13 | $7.94 |
| Revenue | ||||
| Consensus | $20.41B | $22.48B | — | — |
| Fiscal Quarter | Date Reported | Actual EPS | Estimated EPS | Surprise % |
|---|---|---|---|---|
| Q2 | Jul 23, 2026 | $7.94 | $7.23 | 9.82 % |
| Q1 | Apr 23, 2026 | $6.44 | $6.69 | -3.74 % |
| Q4 | Jan 29, 2026 | $5.80 | $5.94 | -2.36 % |
| Q3 | Oct 21, 2025 | $6.95 | $6.34 | 9.62 % |
| Fiscal Quarter | Date Reported | Actual Revenue | Estimated Revenue | Surprise % |
|---|---|---|---|---|
| Q2 | Jul 23, 2026 | $20.06B | $19.37B | 3.59 % |
| Q1 | Apr 23, 2026 | $18.02B | $18.24B | -1.22 % |
| Q4 | Jan 29, 2026 | $20.32B | $19.85B | 2.39 % |
| Q3 | Oct 21, 2025 | $18.61B | $18.54B | 0.39 % |