Lockheed Martin
Shortcut
7.50Normalized diluted EPS
-0.3% vs Street
Street
7.52Normalized diluted EPS
October 18 consensus snapshot
Real
7.97Issuer diluted EPS
Model download
Explore the assumptions and calculations behind the forecast.
Shortcut’s reasoning.
The four-segment backlog-conversion and margin build produces $20.15bn in revenue and normalized diluted EPS of $7.50 versus the Street’s $7.52.
Segment conversion rates, margins and diluted shares remain the original forecast judgments. Historical geographic and share-detail repairs preserved every scored EPS dependency.
On the record.
- Reporting period
- Q3 2026
- Reporting basis
- Normalized diluted EPS per common share, USD (consensus basis; equals GAAP diluted for LMT)
- Consensus snapshot
- October 18, 2026
- Model / effort
- Opus 5.5 · High effort
- Workbook
- Reviewed workbook
Record history
- Forecast generated
- Oct 19, 2026 at 9:11 PM PDT
- First published
- Oct 20, 2026 at 1:37 AM PDT
Result basis
Diluted EPS was $7.97 for the fiscal quarter ended September 27, 2026. Scored using the original convention equating consensus normalized EPS with issuer diluted EPS.
Research sources
- https://www.sec.gov/Archives/edgar/data/936468/000162828026049277/ex991q22026.htm
- https://www.sec.gov/Archives/edgar/data/936468/000162828026049411/lmt-20260628.htm
- https://www.sec.gov/Archives/edgar/data/936468/000162828026026683/ex991q12026.htm
- https://www.sec.gov/Archives/edgar/data/936468/000162828026026836/lmt-20260329.htm
- https://www.sec.gov/Archives/edgar/data/936468/000162828026003970/ex991q42025.htm
- https://www.sec.gov/Archives/edgar/data/936468/000162828026004195/R33.htm
- https://www.sec.gov/Archives/edgar/data/936468/000162828025045582/ex991q32025.htm
- https://www.sec.gov/Archives/edgar/data/936468/000162828025045693/lmt-20250928.htm
- https://www.sec.gov/Archives/edgar/data/936468/000162828025035502/ex991q22025.htm
- https://www.sec.gov/Archives/edgar/data/936468/000093646825000031/ex991q12025.htm
- https://www.sec.gov/Archives/edgar/data/936468/000093646824000107/ex991q32024.htm
- https://stockanalysis.com/stocks/lmt/transcripts/653563-q2-2026/
- https://www.investing.com/news/transcripts/lockheed-martin-at-morgan-stanley-laguna-conference-mission-shift-93CH-4906081
- https://news.lockheedmartin.com/2026-10-01-Lockheed-Martin-Announces-Third-Quarter-2026-Earnings-Results-Webcast
- https://news.lockheedmartin.com/2026-07-29-Department-of-War-Awards-Lockheed-Martin-58-62B-for-Multiyear-PAC-3-MSE-Production-to-Strengthen-the-Arsenal-of-Freedom
- https://linevestnews.com/article/2026-08-18-ula-united-launch-alliance-1-5-billion-private-bonds-vulcan-grounding-lmt-ba
- https://www.morningstar.com/news/dow-jones/202609307962/sp-500-rises-203-this-quarter-to-765154-data-talk
- https://public.com/stocks/lmt/market-cap
- https://whichindex.com/indexes/sp-500/
- https://seekingalpha.com/news/4653710-defense-earnings-preview-strong-backlogs-meet-supply-chain-and-margin-risks
- https://finance.yahoo.com/markets/stocks/articles/lmt-shares-added-portfolio-ahead-110900828.html
- https://finance.yahoo.com/markets/stocks/articles/lmt-gets-price-target-cut-170426243.html
- https://www.ad-hoc-news.de/boerse/news/corporate-news/konsens-erwartet-7-56-dollar-je-aktie-fuer-die-lockheed-martin-aktie/70263110
- https://equibles.com/stocks/lmt/analyst-estimates
- https://seekingalpha.com/article/4952375-lockheed-martin-q3-earnings-preview-buy-despite-recent-pullback
- https://www.warren.senate.gov/newsroom/press-releases/warren-lee-publish-new-bipartisan-analysis-revealing-progress-on-limiting-defense-contractor-stock-buybacks-urge-pentagon-to-support-codifying-reforms-in-law/
- https://www.whitehouse.gov/presidential-actions/2026/01/prioritizing-the-warfighter-in-defense-contracting/
- https://news.lockheedmartin.com/2026-07-06-Lockheed-Martin-to-Acquire-Ultra-Maritime-Solutions
- https://www.sec.gov/Archives/edgar/data/936468/000119312526371750/d177255d8k.htm