Lockheed Martin Reports Disappointing Q1 Results, Misses Revenue and Earnings Expectations
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 hour ago
0mins
Should l Buy LMT?
Source: seekingalpha
- Performance Decline: Lockheed Martin reported Q1 revenue of $17.96 billion, falling short of the $18.25 billion consensus estimate, indicating challenges in Aeronautics and Rotary and Mission Systems despite growth in Missiles and Fire Control and Space.
- Earnings Miss: The adjusted earnings per share of $6.44 missed Wall Street expectations, primarily due to unfavorable profit adjustments on the F-16 and C-130 programs and declining margins in the Space unit, resulting in a year-over-year net profit decline.
- Unchanged Full-Year Outlook: Despite the disappointing Q1 results, Lockheed Martin reaffirmed its full-year 2026 sales guidance of $77.5 billion to $80 billion and adjusted earnings per share guidance of $29.35 to $30.25, reflecting the company's confidence in its future performance.
- Investor Focus Shift: The decline in share price has led investors to shift their attention to ETFs with significant exposure to Lockheed Martin, with 24 funds listing the stock among their top 15 holdings, indicating ongoing interest in the defense sector.
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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.
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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
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- 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
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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.
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
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- Comparison to Estimates: This figure is slightly below the estimated sales of $18.24 billion.
See More
