Lockheed Martin (LMT) earnings report card
The latest results graded A to F: sales, earnings per share and profit margin against what analysts expected and against a year ago, with a plain-English take.
A mixed quarter: profit per share came in 6% above forecasts.
- Profit per share came in 6% above forecasts.
- The shares rose 7.0% despite a soft quarter, which usually means the outlook impressed.
| Actual | Expected | Difference | |
|---|---|---|---|
| Revenue | $20.71bn | $20.71bn | ● −0.0% in line |
| Earnings per share | $7.97 | $7.50 | ▲ +6% beat |
| Net profit margin | 9.0% | 8.5% | ▲ +0.5 pts |
| The quarter in detail | This quarter | A year ago | Change |
|---|---|---|---|
| Gross margin | 11.8% | 12.0% | ● −0.3 pts |
| Operating margin | 11.8% | 12.3% | ● −0.5 pts |
| Net margin | 8.9% | 8.7% | ● +0.2 pts |
| Revenue vs the quarter before | $20.71bn | $20.06bn (quarter before) | ▲ +3.2% |
How the grade is worked out
| Revenue vs forecast | 9.9 / 20 | −0.0%: +2.5% or more scores full marks, −2.5% or worse scores nothing |
|---|---|---|
| EPS vs forecast | 13.1 / 20 | +6%: +20% or more scores full marks, −20% or worse scores nothing |
| Margin vs forecast | 8.8 / 15 | +0.5 pts: 3 points or more above forecast scores full marks |
Score = points ÷ points available × 100, using whatever figures are known. A from 80, B from 65, C from 50, D from 35, F below; + and − mark the top and bottom of each band. The share price reaction is shown but doesn't count towards the grade.
Expected = analysts' average forecast before the results. Net margin vs forecast uses earnings per share × diluted shares; the quarter in detail uses the company's SEC filing once it's out. A grade of what was reported, not a recommendation.
Reported 22 Oct 2026 · Sources: Finnhub (results and analyst forecasts), SEC EDGAR (company filings)
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