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Lockheed Martin Posts $20.7 Billion In Sales — Yet Lowers Its 2026 Outlook!

Lockheed Martin Corporation reported third quarter 2026 results showing an 11% increase in sales to $20.7 billion, up from $18.6 billion in the same period last year. Net earnings rose 14% to $1.8 billion, or $7.97 per diluted share, compared to $1.6 billion, or $6.95 per share, in the third quarter of 2025. Operating profit on a consolidated basis increased 7% to $2.4 billion, supported by a 10% rise in business segment operating profit to $2.2 billion. Cash from operations was $3.4 billion, a decline from $3.7 billion in the prior-year quarter, while free cash flow also decreased to $3.0 billion from $3.3 billion, mainly due to higher customer receipts in 2025. Capital expenditures for the quarter totaled $439 million. The company’s backlog set a new record at $292.