Lockheed Martin Corporation · LMT · Next earnings

Lockheed Martin Corporation reports Tuesday, Jan 26, 2027

LMT reports before market open with consensus EPS at $8.35 and revenue at $22.64B. Last quarter: Lockheed Martin: backlog and guidance rise, with execution risks

Reports Before market open82 days awayDate estimated Industrials

What the street expects

Consensus for the coming report
Consensus EPS $8.35 Calendar consensus
Consensus revenue $22.64B Calendar consensus
Report date Jan 26, 2027 Tuesday, date estimated
Session Before market open 82 days away

Where LMT left off: FY2026 Q3

Full report

Lockheed Martin: backlog and guidance rise, with execution risks

EPS surprise +6.0% Reported $7.97 vs $7.52
Revenue surprise +1.1% Reported $20.71B vs $20.48B
Stock move +7.0% Event window
Subsequent drift 0.0% Up to 20 sessions

Management raised full-year 2026 sales guidance to $80–82 billion; the supplied analysis describes guidance sentiment as raised.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • U.S. federal budget uncertainty and reliance on continuing resolutions.
  • Changes to the volume or duration of multi-year contracts could reduce revenue visibility.
  • A projected 2027 pension contribution above $1 billion may pressure cash flow.
  • Supply-chain bottlenecks and reliance on external suppliers could constrain production.
  • Rapid production ramps and complex autonomous, hypersonic, and space programs create execution and margin risks.

Questions analysts left open

  • Durability of growth beyond 2027/2028 and cash-flow neutrality during missile ramps.
  • Potential margin impact from the F-35 Lot 20 contract and a projected 2027 pension contribution above $1 billion.
  • Exposure to U.S. budget uncertainty, contract changes, and supply-chain bottlenecks.

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Recent LMT quarters

All LMT earnings
+7.0%FY2026 Q3+10.5%FY2026 Q2-4.6%FY2026 Q1-3.2%FY2025 Q3

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.