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Lockheed Martin Corp. 10-Q Filings

LMT NYSE

Every 10-Q that Lockheed Martin Corp. (LMT) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 10-Q covers the quarterly report filed between annual reports, so if you follow LMT and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full LMT filings page.

Rhea-AI Summary

Lockheed Martin reported lower profit on slightly higher sales for the quarter ended March 29, 2026. Sales were $18.0 billion, up marginally from $18.0 billion a year ago, but net earnings fell to $1.49 billion from $1.71 billion as margins declined.

Diluted earnings per share were $6.44 versus $7.28, reflecting weaker operating profit of $2.06 billion compared with $2.37 billion. Cash from operations dropped to $220 million from $1.41 billion, driven by higher contract assets and inventory and lower contract liabilities, while cash on hand declined to $1.89 billion.

Segment results were mixed: Aeronautics profit fell on unfavorable adjustments to F‑16 and C‑130 programs, partly offset by strong F‑35 sustainment performance. Missiles and Fire Control grew on PAC‑3 and tactical missile ramp‑ups. Rotary and Mission Systems and Space saw lower operating profit despite solid sales, reflecting program‑specific pressures. Backlog remained very strong at $186.4 billion, with more than half expected to convert to revenue within 24 months.

Rhea-AI Summary

Lockheed Martin (LMT) reported higher Q3 results. Total sales rose to $18.609B from $17.104B, and diluted EPS increased to $6.95 from $6.80. Operating profit was $2.280B versus $2.140B. By segment, sales were Aeronautics $7.256B, Missiles and Fire Control $3.624B, Rotary and Mission Systems $4.373B, and Space $3.356B. The F‑35 program represented approximately 26% of total sales for the quarter.

For the nine months, sales reached $54.727B (up from $52.421B), while net earnings were $3.673B (down from $4.809B) reflecting pension and program effects. Cash from operations was robust at $5.338B. Cash and equivalents were $3.470B and contract assets and liabilities stood at $13.949B and $10.259B, respectively.

The company repurchased 5.0 million shares for $2.3B year‑to‑date and paid dividends of $9.90 per share. In October 2025, the board increased the repurchase authorization by $2.0B to $9.1B and authorized a Q4 dividend of $3.45 per share. Shares outstanding were 231,397,796 as of October 16, 2025. The previously disclosed $360M acquisition of Amentum’s Rapid Solutions recorded $195M of goodwill in Space.