Launch Catch-Up — Results Announced October 22, 2026
Lockheed Martin reported third-quarter sales of $20.7 billion, up 11% from a year earlier, in its October 22 earnings announcement.
Net earnings increased 14% to approximately $1.8 billion, or $7.97 a share, compared with $1.6 billion, or $6.95 a share. All four business segments recorded sales growth.
Operating cash declined to $3.4 billion from $3.7 billion. The company attributed the decline primarily to higher customer receipts in the comparable 2025 quarter.
Its backlog reached $292 billion, including $52.5 billion associated with a multiyear PAC-3 interceptor award. Backlog describes contracted future business rather than revenue already earned.
Lockheed raised its full-year sales forecast to $80 billion–$82 billion and its earnings outlook to $30.35–$30.75 a share. It also forecast $7.8 billion–$8 billion in free cash flow.
The company cautioned that ongoing F-35 production-contract negotiations and funding authorization could affect future results. Its annual outlook remains subject to those and other business risks.
Sources Lockheed Martin — October 22 results: https://investors.lockheedmartin.com/news-releases/news-release-details/lockheed-martin-reports-third-quarter-2026-financial-results