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Lockheed Martin Q1 2026 Earnings Miss on Production Delays

Lockheed Martin (LMT) reported Q1 2026 revenue and profit below analyst expectations, citing delays in F-16 and C-130 production. Despite the miss, management reaffirmed full-year guidance. The stock has risen 17% over 30 days and 19.1% over 90 days.

May 2, 2026
2 min read
Source: Simply Wall St.
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Key Numbers

revenue
Not disclosed (below expectations)
profit
Not disclosed (below expectations)
1 year TSR
11.4%
5 year TSR
50.4%
30 day return
17%
90 day return
19.1%

Lockheed Martin (LMT) reported first-quarter 2026 results that fell short of analyst expectations for both revenue and profit, according to reports from Simply Wall St. The miss was attributed to production delays on the F-16 and C-130 military aircraft, though management reaffirmed its full-year guidance.

Key Financial Results

MetricQ1 2026vs. Expectations
RevenueBelow expectationsNot disclosed
Net ProfitBelow expectationsNot disclosed
EPSBelow expectationsNot disclosed

Exact figures were not disclosed, but the company confirmed both revenue and profit were below estimates.

Highlights from the Report

  • Production delays on F-16 and C-130 impacted revenue.
  • Management reaffirmed full-year 2026 guidance.
  • Total shareholder return: 11.4% (1 year), 50.4% (5 years).

Future Guidance

Lockheed Martin maintained its full-year guidance, indicating management expects to recover from the delays in the second half of the year.

Stock Impact

Despite the earnings miss, LMT shares rose 17% over 30 days and 19.1% over 90 days, reflecting investor optimism about the reaffirmed guidance and strong defense demand.

What This Means for Investors

Investors should monitor Lockheed Martin's ability to resolve production issues in the coming quarters. The reaffirmed guidance provides some confidence, but next quarter's performance will be critical.

Frequently Asked Questions

Due to production delays on the F-16 and C-130 military aircraft.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.