Lockheed Martin Corporation reported financial results for the quarter ended September 27, 2026, filing an 8-K with the SEC on October 22, 2026. The company announced that sales for the third quarter of 2026 increased 11% year-over-year to $20.7 billion. Net earnings for the quarter were $1.8 billion, or $7.97 per share, representing a 14% increase compared to the prior year.
For the nine months ended September 27, 2026, sales totaled $58.8 billion, up from $54.7 billion in the same period in 2025. Net earnings for the nine-month period were $5.2 billion, or $22.36 per share, compared to $3.7 billion, or $15.69 per share, in 2025.
Lockheed Martin’s backlog reached a record $292.0 billion, a 27% increase from the second quarter of 2026. The company noted that $52.5 billion of this backlog is associated with a multi-year award to produce PAC-3 Missile Segment Enhancement interceptors.
Cash from operations for the third quarter was $3.4 billion, while free cash flow was $3.0 billion. The company also reported capital expenditures of $439 million and independent research and development of $599 million during the quarter.
In a statement regarding the F-35 program, Lockheed Martin indicated that costs incurred began to exceed current contractual authorization and funding for Lot 20 advance acquisition contracts during the third quarter. The company stated that without additional authorization and funding from the U.S. Government, future results of operations, cash flows, and financial condition will be negatively impacted.
Lockheed Martin updated its 2026 financial outlook, raising its guidance for sales, earnings per share, and free cash flow. The company also announced it will raise its dividend for the 24th consecutive year.
