LMT is trading at $527.10, down 5.1% following a Q1 2026 earnings report that missed analyst expectations and revealed a significant drop in cash flow.
- Lockheed Martin reported diluted EPS of $6.44, down from $7.28 in the prior year, on flat year-over-year revenue of $18.0 billion.
- The company posted negative free cash flow of $(291) million for the quarter, though it continues to hold a robust $194 billion backlog.
- Despite the quarterly underperformance, management reaffirmed full-year 2026 guidance, characterizing the results as a temporary setback.