Lockheed Martin Corporation (LMT) earnings on April 23, 2026
More Lockheed Martin Corporation earnings
Prior outlook: Pessimistic Outcome: Accurate
The stock price fell after the company's earnings report. This drop followed earlier weakness and negative market review sentiment.
LMT price around the earnings
529.79
Change: -4.6%
2026-04-23, 20:00 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Accurate
- Thesis published
Analysts see potential upside, but price action is weak.
Analysts anticipate steady growth, but the stock's recent price movements show weakness leading up to earnings reports. Despite a positive outlook from analysts, recent market review patterns suggest a cautious scenario.
Context analyzed before publication
- Summary
- Analysts point to an optimistic scenario, but caution is advised.
- Reasoning
- Experts are watching for modest growth ahead of earnings, but the stock's recent performance has been weak. While some analysts point to an optimistic scenario, sentiment from retail investors may be too optimistic given the stock's downward trend.
- Playbook
- The stock has shown significant weakness recently. The current risk may outweigh the potential reward.
- Trend
- First evaluation, no trend yet
Analysts
Drivers
-
Analysts
Positive
Analysts maintain a 'Hold' rating with a price target that suggests a potential for over 20% increase from the current price. This offers a good buffer near a support level.
Evidence
- Analyst consensus
- Hold
- Consensus average (1-5)
- 2.59
- Analysts covering the stock
- 20
- Average price target
- 668
- Lowest price target
- 520
- Highest price target
- 770
- Upside to price target
- 20.3%
- Quarterly earnings growth
- 155%
- Revenue growth
- 9.1%
- Forward EPS
- 32.02
- Trailing EPS
- 21.5
- Analyst moves in the last 60 days
- 4
- Strong buy: 1
- Buy: 5
- Hold: 15
- Sell: 1
- Strong sell: 0
- Strong buy
- 1
- Buy
- 5
- Hold
- 15
- Sell
- 1
- Strong sell
- 0
- April 7, 2026 · Jefferies: Maintains rating (Hold → Hold)
- April 2, 2026 · Citigroup: Maintains rating (Neutral → Neutral)
- April 1, 2026 · Wells Fargo: Initiates coverage (Equal-Weight)
- March 18, 2026 · Susquehanna: Maintains rating (Positive → Positive)
News and sentiment
Drivers
-
News & sentiment
Negative
A high percentage of retail investors are optimistic, but this is happening on low market review volume. This divergence suggests that the positive sentiment might not be sustainable and could pose a risk.
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (6)
- Tesla, American Express And 3 Stocks To Watch Heading Into Thursday — Benzinga
- MAS, Lockheed Martin Collaborate To Establish F-35 Air Vehicle Depot In Canada — Benzinga
- What's Going On With Lockheed Martin Stock Today? — Benzinga
- Lockheed Martin Awarded U.S. Navy Contract To Add PAC-3 Patriot Missiles To Aegis Combat System — Benzinga
- Lockheed Martin Says It Launched Final GPS III SV10 Satellite With Optical Crosslink Demo, Paving Way For Next-Generation GPS IIIF Spacecraft — Benzinga
- Lockheed Martin Secures $105M U.S. Space Force Contract to Advance GPS Ground Control Modernization — Benzinga
Technicals
Drivers
-
Technical
Negative
The stock's momentum over the last 30 days has significantly lagged behind the broader market, showing a severe underperformance and a downward trend.
Evidence
- Average true range (ATR)
- 2.8%
- Distance to 52-week high
- -19.7%
- 14-day change (14d)
- -10.8%
- 30-day change
- -14.4%
- 30-day relative strength
- -19.4%
- Benchmark change
- +5.0%
- Nearest support
- 550.26
- Nearest resistance
- 660.67
- Volume accumulation ratio
- 0.87
Trends
Evidence
- Average earnings surprise
- -13.9%
- January 29, 2026: actual EPS 5.8 vs estimate 5.96 (surprise -2.7%)
- October 21, 2025: actual EPS 6.95 vs estimate 6.35 (surprise +9.4%)
- July 22, 2025: actual EPS 1.46 vs estimate 6.47 (surprise -77.4%)
- April 22, 2025: actual EPS 7.28 vs estimate 6.32 (surprise +15.1%)
Expected move
There is no implied-move data available for this event.
Reactions over its last 19 earnings
- Median move
- 3.4%
- 75th percentile move
- 5.9%
- 90th percentile move
- 9.5%
- Up / down moves
- 9 / 10
- Average up move
- +3.2%
- Average down move
- -5.3%
Monitoring and close
What Lockheed Martin Corporation reported
There is no monitoring data available for this event.
Pre-market second reading after the results
There is no second reading available for this event.
How the stock reacted
- Outcome
- Accurate
- Consolidated
- -4.6%
- Max favorable move (MFE)
- 6%
- Max adverse move (MAE)
- 0%