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Lockheed Martin

Guidance from Lockheed Martin’s last 8 earnings releases. Every value links to its sentence in the filing. See something wrong? Tell us.
Current guidance
10 items
Releases tracked
8
Latest release
Jul 23, 2026
Data checked
Jul 23, 2026
On this page:Latest changes·Current guidance·Your sector group·History

What changed in the Jul 23, 2026 release

Each item compared with the same item in the previous release (Apr 23, 2026). Values in quotation marks are the company’s words.

New — first stated in this releaseRaised / Lowered / Narrowed / Widened — changed from the prior releaseRevised — wording changed, direction not determinableChanged — value changed; the comparison couldn’t be parsed to a directionReiterated — restated unchangedNot restated — stated before, absent nowRaised and lowered describe the number, not whether the change is favorable.
ChangeMetricPeriodPreviousNowSource
RaisedBusiness segment operating profitfor FY2026“$8,425 - $8,675”“~$8,500 - $8,700”Filing ↗
RaisedDiluted earnings per sharefor FY2026“$29.35 - $30.25”“~$29.95 - $30.65”Filing ↗
NewSegment operating profit growthfor FY2026—“28% higher”Filing ↗
LoweredCapital expendituresfor FY2026“$2,500 - $2,800”“~$2,000 - $2,400”Filing ↗
NarrowedCash from operationsfor FY2026“$9,150 - $9,450”“~$9,200 - $9,400”Filing ↗
NewFederal income tax paymentsfor FY2026—“reduced federal income tax payments”Filing ↗
RaisedFree cash flowfor FY2026“between $6.5 and $6.8 billion”“~$7,000 - $7,200”Filing ↗
RaisedSalesfor FY2026“$77,500 - $80,000”“~$79,750 - $81,750”Filing ↗
ReiteratedTotal FAS/CAS pension adjustmentfor FY2026“~$1,365”“~$1,365”Filing ↗
Show 5 items not restated in this release
ChangeMetricPeriodPreviousNowSource
Not restatedOperating profit growthfor FY2026“25%”—Filing ↗
Not restatedNet salesNo period stated“~$71,250”—Filing ↗
Not restatedBusiness segment operating profitNo period stated“~$7,475”—Filing ↗
Not restatedCash from operationsNo period stated“~$7,950”—Filing ↗
Not restatedFree cash flowNo period stated“~$6,200”—Filing ↗

Current guidance

Guidance for periods that have not yet ended, at its most recent value, grouped by horizon.

Current fiscal year
MetricCurrent valuePeriodMeasureFirst statedTimes statedSource
Business segment operating profit“~$8,500 - $8,700”for FY2026GAAP-tiedJan 29, 20263Filing ↗
Diluted earnings per share“~$29.95 - $30.65”for FY2026GAAP-tiedJan 29, 20263Filing ↗
Operating profit growth“25%”for FY2026GAAP-tiedApr 23, 20261Filing ↗
Segment operating profit growth“28% higher”for FY2026GAAP-tiedJul 23, 20261Filing ↗
Capital expenditures“~$2,000 - $2,400”for FY2026Company-definedJan 29, 20263Filing ↗
Cash from operations“~$9,200 - $9,400”for FY2026GAAP-tiedJan 29, 20263Filing ↗
Federal income tax payments“reduced federal income tax payments”for FY2026GAAP-tiedJul 23, 20261Filing ↗
Free cash flow“~$7,000 - $7,200”for FY2026Company-definedJan 29, 20263Filing ↗
Sales“~$79,750 - $81,750”for FY2026Company-definedJan 29, 20263Filing ↗
Total FAS/CAS pension adjustment“~$1,365”for FY2026Company-definedJan 29, 20263Filing ↗
No period stated
MetricCurrent valuePeriodMeasureFirst statedTimes statedSource
Share repurchase authorization“up to an additional $2.0 billion”—Declared actionOct 22, 20242Filing ↗
Total authorization for potential future common stock repurchases“$9.1 billion”—Declared actionOct 22, 20242Filing ↗
Total share repurchase authorization“$10.3 billion”—Declared actionOct 22, 20241Filing ↗

How one item moved

Business segment operating profit, for FY2026 — every statement across the year, each linked to its filing.

Jan 29, 2026
New
“$8,425 - $8,675”
Apr 23, 2026
Reiterated
“$8,425 - $8,675”
Jul 23, 2026
Raised
“~$8,500 - $8,700”

How your Aerospace & defense sector group guides

12 companies in Aerospace & defense. What they guide on, and who reported this season.

Most-guided metric families
Revenue
12
Free cash flow
8
Adjusted EPS
7
GAAP EPS
6
Capex
6
Dividends
5
Operating margin
3
Tax rate
3
This season’s releases
Northrop GrummanOct 20, 20262 changes
RTXOct 20, 20264 changes
HeicoAug 25, 20261 change
Howmet AerospaceAug 6, 20269 changes
Axon EnterpriseAug 5, 20267 changes
Curtiss-WrightAug 5, 202638 changes
LeidosAug 4, 20263 changes
TransDigm GroupAug 4, 202615 changes
Get this for your own peer set — Peer Guidance Briefing, $3,000.

Full history

Every metric, every release, eight quarters — the complete record as one table.

MetricFY2026FY2025FY2024No period
Net sales—1 statement1 statement1 statement
Business segment operating profit3 statements3 statements1 statement1 statement
Business segment operating profit (non-GAAP)—1 statement——
Consolidated operating profit (GAAP)—1 statement——
Diluted earnings per share3 statements4 statements1 statement—
The full record for Lockheed Martin and its Aerospace & defense peers, delivered as a Peer Guidance Briefing — PDF and Excel, every value linked to its filing.

Filings

The 8 earnings releases this page is built from.

FiledFiscal periodAccessionGuidance items
Jul 23, 2026FY2026 Q20001628280-26-04927711Open filing ↗
Apr 23, 2026FY2026 Q10001628280-26-0266838Open filing ↗
Jan 29, 2026FY2025 Q40001628280-26-0039708Open filing ↗
Oct 21, 2025FY2025 Q30001628280-25-04558210Open filing ↗
Jul 22, 2025FY2025 Q20001628280-25-0355027Open filing ↗
Apr 22, 2025FY2025 Q10000936468-25-0000317Open filing ↗
Jan 28, 2025FY2024 Q40000936468-25-00000615Open filing ↗
Oct 22, 2024FY2024 Q30000936468-24-00010716Open filing ↗

Not located in filing

2 values were detected in these releases but could not be matched to an exact sentence in the filing body, so they are not shown as guidance. We surface the count rather than drop it silently.

Show the 2 unmatched spans
SpanWhyFiled
Operating profit growth = approximately 25%span gate: value not verbatim in filingApr 23, 2026
Reported segment operating profit growth = approximately 25%span gate: value not verbatim in filingJan 29, 2026
Values in quotation marks are the company’s words; the classification and filing links are HighGravityData’s. HighGravityData does not score or rank companies or give investment advice.
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