Quarterly ResultApr 23, 2026, 06:41 AM
Lockheed Martin Q1 2026 Net Earnings Fall to $1.5B
AI Summary
Lockheed Martin Corporation reported its first quarter 2026 financial results, with sales remaining flat at $18.0 billion compared to the prior year. Net earnings decreased to $1.5 billion, or $6.44 per share, from $1.7 billion, or $7.28 per share, in the first quarter of 2025. Cash from operations saw a significant decline to $220 million from $1.4 billion year-over-year, resulting in negative free cash flow. Despite the declines, the company reaffirmed its 2026 financial outlook.
Key Highlights
- Q1 2026 sales were $18.0 billion, flat compared to Q1 2025.
- Net earnings for Q1 2026 were $1.5 billion, down from $1.7 billion in Q1 2025.
- Diluted EPS was $6.44 in Q1 2026, compared to $7.28 in Q1 2025.
- Cash from operations was $220 million, significantly down from $1.4 billion in Q1 2025.
- Free cash flow was $(291) million in Q1 2026.