Analysts Set Expectations for Lockheed Martin Q3 Earnings

Lockheed Martin Corporation (NYSE:LMT) – Zacks Research lowered their Q3 2026 earnings per share estimates for Lockheed Martin in a research note issued on Tuesday, January 6th. Zacks Research analyst Team now expects that the aerospace company will earn $7.38 per share for the quarter, down from their previous estimate of $7.41. The consensus estimate for Lockheed Martin’s current full-year earnings is $27.15 per share. Zacks Research also issued estimates for Lockheed Martin’s Q2 2027 earnings at $4.27 EPS and FY2027 earnings at $31.45 EPS.

Several other equities analysts have also recently issued reports on the company. UBS Group reiterated a “neutral” rating on shares of Lockheed Martin in a research note on Wednesday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $515.00 price target (up from $465.00) on shares of Lockheed Martin in a report on Friday, December 19th. Weiss Ratings reiterated a “hold (c)” rating on shares of Lockheed Martin in a research note on Wednesday, October 8th. The Goldman Sachs Group boosted their price objective on shares of Lockheed Martin from $398.00 to $425.00 and gave the stock a “sell” rating in a research report on Friday, October 10th. Finally, Sanford C. Bernstein upped their target price on Lockheed Martin from $497.00 to $545.00 and gave the company a “market perform” rating in a research report on Monday, October 20th. Two investment analysts have rated the stock with a Strong Buy rating, four have assigned a Buy rating, seventeen have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Lockheed Martin presently has a consensus rating of “Hold” and a consensus target price of $506.18.

Lockheed Martin Price Performance

LMT opened at $518.63 on Wednesday. The firm has a market cap of $120.01 billion, a price-to-earnings ratio of 28.96, a PEG ratio of 1.41 and a beta of 0.24. The company has a current ratio of 1.13, a quick ratio of 0.97 and a debt-to-equity ratio of 3.32. The stock’s 50-day moving average price is $472.81 and its 200 day moving average price is $467.52. Lockheed Martin has a 12-month low of $410.11 and a 12-month high of $542.87.

Lockheed Martin (NYSE:LMT) last posted its earnings results on Tuesday, October 21st. The aerospace company reported $6.95 EPS for the quarter, beating analysts’ consensus estimates of $6.33 by $0.62. Lockheed Martin had a return on equity of 111.84% and a net margin of 5.73%.The company had revenue of $18.61 billion for the quarter, compared to the consensus estimate of $18.45 billion. During the same quarter in the previous year, the business earned $6.84 earnings per share. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. Lockheed Martin has set its FY 2025 guidance at 22.150-22.350 EPS.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of LMT. Tompkins Financial Corp increased its position in Lockheed Martin by 23.7% during the fourth quarter. Tompkins Financial Corp now owns 715 shares of the aerospace company’s stock worth $346,000 after purchasing an additional 137 shares during the last quarter. Asempa Wealth Advisors acquired a new position in shares of Lockheed Martin in the 4th quarter valued at $308,000. Fulton Bank N.A. grew its stake in shares of Lockheed Martin by 30.6% during the 4th quarter. Fulton Bank N.A. now owns 5,660 shares of the aerospace company’s stock valued at $2,738,000 after buying an additional 1,325 shares during the period. Financial Management Network Inc. increased its holdings in shares of Lockheed Martin by 23.0% during the 4th quarter. Financial Management Network Inc. now owns 550 shares of the aerospace company’s stock worth $274,000 after buying an additional 103 shares during the last quarter. Finally, Firethorn Wealth Partners LLC raised its position in shares of Lockheed Martin by 4.7% in the 4th quarter. Firethorn Wealth Partners LLC now owns 847 shares of the aerospace company’s stock worth $410,000 after buying an additional 38 shares during the period. 74.19% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, COO John Frank A. St sold 7,792 shares of the stock in a transaction on Thursday, October 23rd. The stock was sold at an average price of $491.04, for a total transaction of $3,826,183.68. Following the sale, the chief operating officer owned 1 shares of the company’s stock, valued at $491.04. This trade represents a 99.99% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.14% of the stock is owned by corporate insiders.

More Lockheed Martin News

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Market rally from Trump’s $1.5T defense-budget proposal, which investors expect will boost future Pentagon contracting and revenue for prime contractors like Lockheed. LMT stock: Lockheed Martin benefits from Trump’s eye-popping budget, ‘dream military’ comments
• Positive Sentiment: Fundamental production strength: Lockheed reported a record 191 F‑35 deliveries in 2025 and is tied to Pentagon plans to ramp Patriot/PAC‑3 production — supports near‑term revenue and backlog. Lockheed says 2025 F-35 deliveries hit 191 as demand lifts production pace
• Positive Sentiment: Analyst estimate activity (Zacks) shows small upward tweaks to several near‑term EPS forecasts, offering incremental fundamental support. MarketBeat LMT profile (Zacks notes)
• Neutral Sentiment: Macro/sector caution: some analysts warn defense stocks look expensive after recent rallies — valuation could limit further upside absent confirmed budget increases. Defense Stocks Look Ultra Expensive in 2026
• Neutral Sentiment: High intraday volatility as markets price both the spending upside and the policy risk from administration statements — expect whipsaw trading on headlines. LMT Stock Whipsaws After Trump Bans Buybacks, Then Calls For $1.5 Trillion Military Budget
• Negative Sentiment: Political risk to shareholder returns: Trump’s statements and an executive order blocking dividends/buybacks until production improves directly threaten a key part of Lockheed’s capital return policy. Trump says he won’t permit dividends, buybacks for defense companies till they fix equipment production
• Negative Sentiment: Short-term hit to the stock already occurred when markets priced in potential bans on dividends/buybacks (shares fell before rebounding with the budget headline). That political overhang could limit multiple expansion. Lockheed Martin (LMT) Stock Falls 5% on Trump Defense Policy Changes

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.