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Shares of aerospace and defense giant Lockheed Martin Corporation NYSE: LMT took a heavy hit following the release of its Q1 2026 earnings report on April 23, extending a sharp pullback that has now seen the stock fall as much as 27% since early March highs.
Zacks.com users have recently been watching Lockheed (LMT) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Investors with an interest in Aerospace - Defense stocks have likely encountered both Lockheed Martin (LMT) and Howmet (HWM). But which of these two stocks offers value investors a better bang for their buck right now?
Lockheed Martin Corporation reported disappointing Q1 2026 results, with EPS down 12% year-over-year and margin compression across most segments. Despite weak operational performance and lower F-35 deliveries, LMT maintained its 2026 guidance for EPS, sales, and free cash flow, signaling confidence in long-term fundamentals. Backlog remains robust at $186 billion, supporting strong revenue visibility, though backlog declined 3.7% from 2025 year-end.
Lockheed Martin Corporation (LMT) Q1 2026 Earnings Call Transcript
Lockheed Martin Corp (NYSE:LMT) reported lower quarterly profit and negative free cash flow in its first quarter of fiscal 2026, as delays in key aircraft programs weighed on results despite steady demand across its defense portfolio. The company posted net earnings of $1.5 billion, or $6.44 per share, down from $1.7 billion a year earlier.
LMT's Q1 earnings miss estimates despite a slight sales rise, as mixed segment performance and lower cash flow shape results.
Lockheed Martin Corporation reported weaker-than-expected first-quarter results, with profit declining and cash flow turning negative, even as demand for its weapons systems remains strong amid heightened geopolitical tensions. The defense contractor posted quarterly profit of $1.49 billion for the period ended March 29, down from $1.71 billion a year earlier.
Although the revenue and EPS for Lockheed (LMT) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Lockheed Martin (LMT) came out with quarterly earnings of $6.44 per share, missing the Zacks Consensus Estimate of $6.67 per share. This compares to earnings of $7.28 per share a year ago.
Lockheed Martin's profit fell in the first quarter, although sales edged higher as demand for weapons continued to accelerate.