Lockheed Martin Corporation (LMT) Earnings Call Transcripts
Lockheed Martin Corporation's Latest Earnings Call - September 17, 2026
In the third quarter of fiscal year 2026, Lockheed Martin Corporation reported strong revenue growth and strategic advancements in technology integration, particularly with the announcement of a long-term multiyear agreement for the Joint Advanced Tactical Missile (JATM). The company highlighted a revenue of $15.2 billion, exceeding estimates by 5%, and earnings per share (EPS) of $3.45, beating expectations by $0.15. Management maintained guidance for the fiscal year, indicating robust demand for high-end defense solutions amidst a challenging geopolitical landscape, which could drive future stock performance.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $15.2B (beat) |
| EPS | $3.45 (beat) |
| Operating Margin | 12.5% (inline) |
| CapEx Investment | $8B - $9B (positive) |
| Backlog | $50B (positive) |
| Production Increase (PAC-3) | tripling (positive) |
Guidance from management
Management maintained its guidance for fiscal year 2026, expecting margins to align with previous forecasts despite some lumpiness in quarterly performance. They indicated strong long-term growth potential driven by core programs and strategic investments.
What analysts pressed on
Analysts expressed concerns regarding the potential impact of supply chain constraints on production scaling and the uncertainty surrounding future government budgets. There is also apprehension about how geopolitical tensions may affect defense spending and contract awards.
Main topics on the call
- Long-term Agreements and Strategic Partnerships — Lockheed Martin announced a long-term multiyear contract for the Joint Advanced Tactical Missile (JATM), which management described as a 'game changer' for deterrent capabilities. CEO Jim Taiclet emphasized the importanc...
- Technological Advancements in Defense Systems — The company is focusing on integrating advanced technologies into its defense systems, such as the Grizzly and Sanctum systems for counter-UAS capabilities. Taiclet noted, 'We are not just waiting for RFPs... we're looki...
- Revenue and Earnings Performance — Lockheed Martin reported revenues of $15.2 billion for Q3 2026, which was a 5% increase compared to estimates. The EPS of $3.45 also beat expectations by $0.15, indicating strong operational performance.
- Margin Guidance and Pressure — Management acknowledged some margin pressure in the first half of the year but maintained that core programs are performing strongly. CFO Evan Scott stated, 'Margins for 2026, we expect to be in line with our guide,' sig...
Read the full Lockheed Martin Corporation transcript (September 17, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Lockheed Martin Corporation
Lockheed Martin Corporation (LMT) is a publicly listed company in the Aerospace and Defense industry, within the Industrials sector. It trades on NYSE and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 65 calls on record spanning January 28, 2020 to September 17, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 65 Lockheed Martin Corporation earnings call transcripts on record, spanning January 28, 2020 to September 17, 2026. Based on this history, Lockheed Martin Corporation reports quarterly. The most recent call on file is dated September 17, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- LMT
- Exchange
- NYSE
- Country
- US
- Sector
- Industrials
- Industry
- Aerospace and Defense
- Calls on record
- 65
- First call
- January 28, 2020
- Most recent
- September 17, 2026
- Reporting cadence
- quarterly