6 analysts' median target is $654[FMP target], stock is $513, +27.5% upside potential. After Q1 +-4.5% EPS beat[FMP earnings], the stock moved -3.1%.
B+ = MoonshotScore 21[9-pillar formula] + Council 5/6[6-lens rule]. Form 4: 0 transactions[FMP Form 4].
Q4 consensus: revenue $19.4B[FMP est], EPS $7.11[FMP est]. 0 consecutive quarters of beat[FMP earnings].
Q1 EPS +-4.5% beat[FMP] but the stock -3.1% D+1[FMP D+1]. Evan Scott promised $511.0M CapEx + a sequential decline in Q4 during the Q1 earnings call[Evan Scott capex transcript].
Watchlist
Pac3 Contract
pac3_contract
Lockheed Martin was awarded $7 billion in orders for PAC-3 contracts, underscoring the sustained and growing demand for our missile defense capabilities.
"MFC was awarded $7 billion in orders for PAC-3 contracts. This includes 1 award for $2.2 billion from the first quarter of 2026 and a $4.8 billion fully funded undefinitized PAC-3 contract we signed earlier this month, advancing the first of the [indiscernible] ramp production agreements we announced earlier this year."
- Evan Scott, Chief Financial Officer - Q1 FY26 Earnings Call - April 23, 2026
F35 International Commitment
f35_international_commitment
Lockheed Martin secured a $700 million contract to procure long-lead materials for F-35 lots 20 and 21 for our international program partners, a further signal that Allied nations are continuing their commitment to the F-35 program as the aircraft consistently proves itself in live combat.
"At Aeronautics, we secured a $700 million contract to procure long-lead materials for F-35 lots 20 and 21 for our international program partners. A further signal that Allied nations are continuing their commitment to the F-35 program as the aircraft consistently proves itself in live combat."
- Evan Scott, Chief Financial Officer - Q1 FY26 Earnings Call - April 23, 2026
F16 Peru Contract
f16_peru_contract
Lockheed Martin secured a $1.5 billion contract with the Peruvian Air Force for 12 Block 70 F-16 fighters, with an opportunity for a second squadron of an additional 12 aircraft.
"Just this past Monday, Lockheed Martin signed a $1.5 billion contract with the Peruvian Air Force for 12 Block 70 F-16 fighters with an opportunity for a second squadron of an additional 12 aircraft."
- James Taiclet, Chairman, President and Chief Executive Officer - Q1 FY26 Earnings Call - April 23, 2026
Artemis Mission Success
artemis_mission_success
The Artemis 2 crew and the dedicated teams at NASA completed their historical mission with a near flawless flight and recovery using Lockheed Martin's Orion spacecraft.
"Artemis 2 crew and the dedicated teams at NASA completed their historical mission and a near flawless flight and recovery using our Orion spacecraft."
- James Taiclet, Chairman, President and Chief Executive Officer - Q1 FY26 Earnings Call - April 23, 2026
Stock Expert AI - Methodology
9-pillar methodology. - strong. Revenue Growth weak.
How is it calculated? ->6 investor frameworks. 5 bullish (Ray Dalio, Jim Simons, Klarman, Buffett, Munger), 1 bearish (Ken Griffin), 0 neutral (none).
How is it calculated? ->Quality business, discounted price.
How is it calculated? ->Past Performance
Q1 (April 23, 2026): EPS $6.44 vs $6.74 est[FMP], +-4.5% beat. D+1 movement: -3.1%[FMP D+1]. Decline despite beat - market reacted to guidance, not numbers.
Q1: EPS $6.44 vs $6.74 beat[FMP], stock -3.1% D+1[FMP].
No RPO/backlog concentration disclosed in Q1 earnings call.
Q1 CapEx $511.0M[FMP cashflow]. Q1 op margin 11.4%[FMP op margin] - this level in Q4 is sensitive to CapEx revision risk.
Not advice - a structural framework for earnings night. Decision discipline is yours.
Market Outlook
You read it in 5 minutes. When the numbers come out on Tuesday evening - you know what you're looking at.
Data arrives at night. The framework is ready now.
Data arrives on Tuesday evening. The framework is ready on this page: Q4 EPS threshold $7.11[FMP], CapEx threshold "below $511.0M"[Evan Scott]. Two anchors, three scenarios.
Comparison Stock Expert AI Pro $24/month ($240/year), 77% cheaper than the total of three earnings-tracking tools ($1,059/year -> $240/year).
Seeking Alpha $299/yr - analyst opinions + earnings coverage TipRanks $360/yr - Smart Score (1-10) + analyst consensus + insider trades Trendspider $400/yr - AI pattern detection + automated TA + multi-timeframe alerts
Prices as of April 2026. Sources: seekingalpha.com/subscriptions - tipranks.com/pricing - trendspider.com/pricing
Stock Expert AI Pro: $24/month ($240/year). Council 7-lens analysis + MoonshotScore 9-pillar + Insider tracker + Technical levels - all in one platform, for every stock.
Educational tool, not investment advice. Past performance does not guarantee future results.
Calendar
DATA GAP: Events not in the FMP /stable/calendar feed - Investor day, analyst day, product launches, regulatory dates. These require company IR page scraping or manual calendar entry.
This LMT (LMT) earnings preview covers the analyst consensus, key catalysts, and what to watch on the earnings call.
Consensus EPS, revenue guidance, segment growth rates, and the tone of management commentary — the full breakdown with sources is on this page.