Short answer
Lockheed Martin (LMT) filed its Q1 2026 10-Q quarterly report on Apr 23, 2026 for the quarter ended Mar 29, 2026. Quarterly revenue was $18.0B (up 0.3% year over year) with net income of $1.5B.
Q1 2026 key financials · XBRL
- Revenue
- $18.0B
- +0.3% YoY
- Net income
- $1.5B
- −13.1% YoY
- Operating margin
- 11.4%
- Gross margin
- 11.5%
- EPS (diluted)
- $6.44
- −11.5% YoY
Source: XBRL data from the Lockheed Martin (LMT) Q1 2026 10-Q on SEC EDGAR. USD.
Lockheed Martin Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $18.021B, up $58M YoY from $17.963B
- Operating margin 11.4% vs 13.2% YoY; net earnings $1.488B vs $1.712B
- Best segment MFC: sales $3.649B, up 8%; operating margin 13.7% vs 13.8%
- Worst segment RMS: sales $3.991B, down 8%; operating margin 10.6% vs 12.0%
- Headwinds: supply-chain shortages, inflation, tariffs, rare-earth availability and uncertain government procurement priorities
Risk Factors
- New ULA-related risk: Vulcan Centaur development, production, or launch challenges could impair Lockheed Martin’s $544 million investment
- ULA liquidity exposure: Future financial guarantees and additional support may be required
- Acquisition and divestiture risk: Poor transaction management or underperforming investments could harm financial results
- Carried-forward risks: No other material changes from the 2025 Form 10-K disclosed
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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