Lockheed Martin Corporation (LMT) Presents at Bernstein 42nd Annual Strategic Decisions Conference Transcript
Both Boeing and Lockheed Martin benefit from significant exposure to military aircraft, space systems and government defense contracts.
Lockheed (LMT) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
The FY27 defense budget nearly doubles Research & Procurement spend, with F-35 up 62%, PAC-3/MSE up 8x, and THAAD up 9x—all core Lockheed Martin programs. LMT's backlog stands at $186.4B, with $63B recognizable in the next 12 months; the international sales mix is expanding to 31%. Margin headwinds from supply chain disruptions, tariffs, and rare earth shortages from the Strait of Hormuz closure.
LMT gains from a $186.4B backlog, F-35 demand and global defense deals, but program delays and high debt may keep new investors cautious.
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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