Lockheed Martin (LMT)
NYSEIndustrialsAerospace & DefenseSnapshot 2026-07-07
$535.28-0.51%
Close 2026-07-07 · 1-day change
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Track LMT free→Warn: Recent financial performance slipped notably this past month, though still top-half.
Lockheed Martin wins large defense contracts supporting sales growth. Revenue guidance is about $78.75 billion for 2026. The company targets EPS near $29.80 and free cash flow around $6.6 billion. Its valuation is cheaper than peers with a PE of 25.9 versus 38.2.
Recent earnings missed expectations and guidance is soft. Operating profit growth target of 25% year-over-year is not yet met. The sector faces headwinds and the stock is down 16% from highs. Execution risks remain amid macro uncertainty.
The price is about 5% above our fair value near $507 and 15% below the Street median target. Analysts expect roughly 7% revenue growth. Our view aligns with consensus but is more cautious on margin and profit growth.
Breaks if: EPS falls below $29.35 in FY26
Focus on delivering EPS growth with guidance set between $29.35 and $30.25 for 2026.
Stated in 2 of last 2 quarters. Diluted EPS was $6.95 in 2025-Q3, with guidance for 2026 set between $29.35 and $30.25. The company is focused on delivering EPS growth, but current EPS figures suggest limited progress towards the guidance range.
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
“Diluted earnings per share $29.35 - $30.25.”
“Diluted earnings per share $29.35 - $30.25.”
Breaks if: Free cash flow falls below $6.0 billion in FY26
Breaks if: Operating profit growth falls below 15% YoY in FY26
Focus on achieving approximately 5% sales and 25% operating profit growth year-over-year.
Stated in 2 of last 2 quarters. Revenue was $17.084 billion in 2025-Q4, and operating income was $1.956 billion. The company aims for 5% sales and 25% operating profit growth year-over-year, but financials show limited progress towards these targets.
“We reaffirm our 2026 full year guidance with anticipated sales and operating profit growth of approximately 5% and 25% year-over-year, respectively.”
“We expect sales and reported segment operating profit growth of approximately 5% and 25% year-over-year, respectively.”
Breaks if: Revenue falls below $73.75 billion in FY26
Focus on achieving approximately 5% sales and 25% operating profit growth year-over-year.
Stated in 2 of last 2 quarters. Revenue was $17.084 billion in 2025-Q4, and operating income was $1.956 billion. The company aims for 5% sales and 25% operating profit growth year-over-year, but financials show limited progress towards these targets.
“We reaffirm our 2026 full year guidance with anticipated sales and operating profit growth of approximately 5% and 25% year-over-year, respectively.”
“We expect sales and reported segment operating profit growth of approximately 5% and 25% year-over-year, respectively.”