Here are the 10-Q quarterly reports from Lockheed Martin Corp. (LMT) in our archive since June 2025, 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.
Lockheed Martin Corporation (LMT) reported third-quarter sales of $20.711 billion and net earnings of $1.845 billion for the quarter ended September 27, 2026, versus $18.609 billion and $1.619 billion, respectively, for the quarter ended September 28, 2025. Diluted earnings per common share were $7.97, compared with $6.95.
Backlog was $292.0 billion as of September 27, 2026, after increasing $61.6 billion during the quarter; $52.5 billion of the increase was associated with a multi-year award to produce PAC-3 MSE interceptors. In July 2026, the company entered a definitive agreement to acquire Ultra Maritime for $3.45 billion. Closing is expected in the fourth quarter of 2026, and Lockheed Martin expects to fund the acquisition with cash on hand. In October 2026, it authorized a fourth-quarter dividend of $3.60 per share, $0.15 above the third-quarter dividend of $3.45.
As of September 27, 2026, cumulative losses were approximately $1.8 billion on an Aeronautics classified program, with $394 million accrued, and approximately $1.5 billion on an MFC classified program, with $1.0 billion accrued. Lockheed Martin said further losses could be material.
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.
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.