Lockheed Martin stock was dropping after it reported first-quarter earnings per share of $6.44 from sales of $18 billion.
Lockheed Martin reported a lower first-quarter profit on Thursday, as high costs on fixed-price contracts and production slowdowns on some programs undercut the defense giant's ability to cash in on soaring demand.
Lockheed Martin (NYSE: LMT) dominates financial media, riding a record backlog and climbing stock price. Every defense analyst touts it. Lockheed's story is real, but it's priced in. The stock has climbed 24.21% over the past year and trades at a trailing P/E of roughly 26x on full-year 2025 EPS of $21.49. For a defense contractor... Forget Lockheed Martin. This Defense Stock Will Double by 2028.
The heavy selling pressure might have exhausted for Lockheed (LMT) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Lockheed Martin's F-35 program is estimated to cost more than $2 trillion over its lifetime. Most F-35 costs come from sustainment, with 75% of expenses due to maintenance and repairs.
Both Lockheed Martin and General Dynamics are top-tier Pentagon contractors with diversified defense portfolios, including combat systems and naval programs.
Lockheed Martin eyes Q1 results, with positive ESP, a strong backlog, and defense demand set to drive growth despite an expected EPS decline.
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Beyond analysts' top-and-bottom-line estimates for Lockheed (LMT), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2026.
In the most recent trading session, Lockheed Martin (LMT) closed at $592.19, indicating a -2.52% shift from the previous trading day.
Lockheed (LMT) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
LMT expands Black Hawk capabilities with modular armed kits, boosting mission flexibility, cost efficiency and long-term value for global operators.