Lockheed Martin Earnings Miss Expectations, Shares Drop
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy LMT?
Source: seekingalpha
- Disappointing Earnings: Lockheed Martin reported first-quarter sales of $18.02 billion, roughly flat from $17.96 billion a year earlier and below analysts' expectations of $18.25 billion, indicating pressure in market competitiveness.
- Declining Net Income: The company's net income fell to $1.49 billion, or $6.44 per share, down from $1.71 billion and $7.28 per share a year earlier, missing the $6.69 estimate, reflecting weakened profitability.
- Mixed Business Performance: The missiles and fire control division saw an 8% sales increase to $3.65 billion, driven by ramped-up production of Patriot PAC-3 systems, while aeronautics sales slipped 1% to $6.95 billion, highlighting weakness in the F-16 program.
- Cash Flow Pressure: Operating cash flow sharply dropped to $220 million from $1.41 billion a year earlier, with free cash flow at negative $291 million, indicating challenges in cash management, yet the company reaffirmed its 2026 sales outlook of $77.5 billion to $80 billion.
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Analyst Views on LMT
Wall Street analysts forecast LMT stock price to fall
12 Analyst Rating
4 Buy
7 Hold
1 Sell
Hold
Current: 555.430
Low
430.00
Averages
535.50
High
605.00
Current: 555.430
Low
430.00
Averages
535.50
High
605.00
About LMT
Lockheed Martin Corporation is a global aerospace and defense company. The Company is engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. Its segments include Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space. Aeronautics segment is engaged in the research, design, development, manufacture, integration, sustainment, support and upgrade of advanced military aircraft. MFC segment provides air and missile defense systems, manned and unmanned ground vehicles, energy management solutions, and others. RMS segment designs, manufactures, services and supports various military and commercial helicopters, surface ships, sea and land-based missile defense systems, and others. Its Space segment is engaged in the research and design, development, engineering and production of satellites, space transportation systems, and strategic, advanced strike, and defensive systems.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Lockheed Martin Stock Falls 5% in Premarket Trading Following Lower Quarterly Earnings Report
Stock Performance: Lockheed Martin shares have decreased by 5% in pre-market trading.
Quarterly Earnings: The decline follows the company's announcement of lower quarterly profits.
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Lockheed Martin Reports Q1 Net Income of $1.5 Billion
- Company Overview: Lockheed Martin reported a net income of USD 1.5 billion for the first quarter.
- Financial Performance: The earnings reflect the company's strong performance and growth in defense contracts.
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- Sales Comparison: Lockheed Martin reported Q1 sales of USD 18,000 million, slightly lower than the estimated USD 18,244 million by Ibes.
- Financial Performance: The sales figures indicate a close match between actual performance and analyst expectations, reflecting stability in Lockheed Martin's financial outlook.
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Lockheed Martin Q1 Earnings Per Share Expected at $6.72, According to LSEG IBES Data
Company Overview: Lockheed Martin reported a Q1 share value of $6.72, reflecting its performance in the aerospace and defense sector.
Financial Insights: The earnings report includes key data and insights that highlight the company's financial health and market position.
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LOCKHEED MARTIN: AERONAUTICS SEES 13% DROP IN OPERATING PROFIT IN Q1 DUE TO REDUCED NET PROFIT BOOKING RATE ADJUSTMENTS
Profit Decline: Lockheed Martin's total business segment profit has decreased by 13% in the first quarter.
Net Profit Adjustments: The decline is attributed to adjustments in the lower net profit booking rate at Aeronautics.
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Lockheed Martin Reports Q1 Sales of $18.02 Billion, Falling Short of IBES Estimate of $18.24 Billion
- Q1 Sales Performance: Lockheed Martin reported Q1 sales of $18.02 billion.
- Comparison to Estimates: This figure is slightly below the estimated sales of $18.24 billion.
See More
Lockheed Martin Stock Falls 5% in Premarket Trading Following Lower Quarterly Earnings Report
Stock Performance: Lockheed Martin shares have decreased by 5% in pre-market trading.
Quarterly Earnings: The decline follows the company's announcement of lower quarterly profits.
See More
Lockheed Martin Reports Q1 Net Income of $1.5 Billion
- Company Overview: Lockheed Martin reported a net income of USD 1.5 billion for the first quarter.
- Financial Performance: The earnings reflect the company's strong performance and growth in defense contracts.
See More
Lockheed Martin's Q1 Sales Reach $18 Billion, Falling Short of IBES Estimate of $18.244 Billion
- Sales Comparison: Lockheed Martin reported Q1 sales of USD 18,000 million, slightly lower than the estimated USD 18,244 million by Ibes.
- Financial Performance: The sales figures indicate a close match between actual performance and analyst expectations, reflecting stability in Lockheed Martin's financial outlook.
See More
Lockheed Martin Q1 Earnings Per Share Expected at $6.72, According to LSEG IBES Data
Company Overview: Lockheed Martin reported a Q1 share value of $6.72, reflecting its performance in the aerospace and defense sector.
Financial Insights: The earnings report includes key data and insights that highlight the company's financial health and market position.
See More
LOCKHEED MARTIN: AERONAUTICS SEES 13% DROP IN OPERATING PROFIT IN Q1 DUE TO REDUCED NET PROFIT BOOKING RATE ADJUSTMENTS
Profit Decline: Lockheed Martin's total business segment profit has decreased by 13% in the first quarter.
Net Profit Adjustments: The decline is attributed to adjustments in the lower net profit booking rate at Aeronautics.
See More
Lockheed Martin Reports Q1 Sales of $18.02 Billion, Falling Short of IBES Estimate of $18.24 Billion
- Q1 Sales Performance: Lockheed Martin reported Q1 sales of $18.02 billion.
- Comparison to Estimates: This figure is slightly below the estimated sales of $18.24 billion.
See More
