LMT
Calendar check: April 23
Lockheed Martin is officially on deck for Q1 earnings on April 23, 2026. So if you’re the type who watches defense contractors the way other people watch March Madness, mark the date.
The Street’s expectations
Analysts are looking for:
- EPS of $6.69
- Revenue of $18.29B
That’s the setup. The punchline will be whether Lockheed can keep the machine humming on the back of steady defense spending, aircraft programs, and the usual fine print about margins and delivery timing.
What the last quarter says
The company’s most recent report, Q4 on January 29, was a mixed bag:
- EPS came in at $5.80, missing the $5.94 estimate
- Revenue hit $20.32B, beating the $19.85B estimate
Translation: the top line held up, but profits were a touch softer. That’s the kind of combo investors tend to squint at, because in defense, everyone loves the backlog story until the margin line gets moody.
Why you should care
Over the last four quarters, Lockheed has posted tiny average surprises on both EPS and revenue. So this isn’t a classic “beat by a mile and moonwalk into the close” setup — it’s more like a steady-state test of whether the company can keep delivering without any surprises lurking in the supply chain, program mix, or guidance.
Big picture: this is less about fireworks and more about whether the defense giant can keep the gears turning cleanly when earnings season rolls around.