
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 October 22, 2026 for fiscal year 2026. The company guided earnings per share in the range of $30.35 - $30.75, compared to a consensus EPS estimate of $30.42. Lockheed Martin also guided revenue in the range of $80B - $82B for the period.
Compared to prior guidance, Lockheed Martin maintained its EPS outlook from a previous range of $29.95 - $30.65. On the revenue side, the company maintained its revenue forecast from a prior range of $79.75B - $81.75B.
Lockheed Martin has issued 16 guidance updates between January 24, 2023 and October 22, 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 | Q3 '26 | Q2 '26 | Q1 '26 | Q4 '25 |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Estimate | $7.51 | $7.23 | $6.69 | $5.94 |
| Actual | $7.97 | $7.94 | $6.44 | $5.80 |
| Surprise | +6.13% | +9.82% | -3.74% | -2.36% |
| Revenue | ||||
| Estimate | $20.46B | $19.37B | $18.24B | $19.85B |
| Actual | $20.71B | $20.06B | $18.02B | $20.32B |
| Surprise | +1.25% | +3.59% | -1.22% | +2.39% |
| Metric | Q4 '26E | Q1 '27E | Q2 '27E | Q3 '27E |
|---|---|---|---|---|
| Earnings Per Share (Non-GAAP) | ||||
| Consensus | $8.26 | $7.32 | $7.99 | $8.36 |
| Revenue | ||||
| Consensus | $22.68B | $19.65B | — | — |
| Fiscal Quarter | Date Reported | Actual EPS | Estimated EPS | Surprise % |
|---|---|---|---|---|
| Q3 | Oct 22, 2026 | $7.97 | $7.51 | 6.13 % |
| 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 % |
| Fiscal Quarter | Date Reported | Actual Revenue | Estimated Revenue | Surprise % |
|---|---|---|---|---|
| Q3 | Oct 22, 2026 | $20.71B | $20.46B | 1.25 % |
| 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 % |