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Lockheed Martin Rallies After Strong Q3 Results and Higher 2026 Outlook

Investivoq PriceTracker

Lockheed Martin (LMT) is up 6.3% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a strong third-quarter earnings release that showed double-digit growth in sales and profit, plus another increase to full-year guidance. Investors also appeared encouraged by record backlog levels and continued momentum in missile production and F-35 work.

Details:

  • Lockheed Martin reported third-quarter 2026 sales of $20.7 billion, up 11% from a year earlier, while net earnings rose 14% to $1.8 billion and diluted EPS increased to $7.97.
  • The company raised its 2026 outlook again, including higher expected sales, earnings per share, cash from operations, and free cash flow.
  • Backlog reached a record $292.0 billion, helped by major missile-related awards, giving investors more visibility into future revenue.
  • Business segment profit benefited from munitions ramps in Missiles and Fire Control and higher volume in Aeronautics, with notable strength tied to PAC-3, THAAD, GMLRS, PrSM, and F-35 activity.

    • Sources:

    Lockheed Martin, AP News, Axios

    Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

    $LMT Insider Trading Activity

    LMT Insider Trades

    $LMT insiders have traded $LMT stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.

    Here’s a breakdown of recent trading of $LMT stock by insiders over the last 6 months:

    • ROBERT M JR LIGHTFOOT (President Space) has made 0 purchases and 3 sales selling 2,606 shares for an estimated $117,622.

    To track insider transactions, check out Investivoq's insider trading dashboard. You can access data on insider stock transactions through the Investivoq API insider transaction endpoint.

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    $LMT Hedge Fund Activity

    We have seen 1,297 institutional investors add shares of $LMT stock to their portfolio, and 1,284 decrease their positions in their most recent quarter.

    Here are some of the largest recent moves:

    • SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. added 7,806,000 shares (+inf%) to their portfolio in Q2 2026, for an estimated $3,976,844,760
    • T. ROWE PRICE INVESTMENT MANAGEMENT, INC. added 1,335,726 shares (+3886.5%) to their portfolio in Q2 2026, for an estimated $680,498,967
    • BLACKROCK, INC. added 1,045,265 shares (+5.9%) to their portfolio in Q2 2026, for an estimated $532,520,706
    • D. E. SHAW & CO., INC. removed 970,059 shares (-72.4%) from their portfolio in Q2 2026, for an estimated $494,206,258
    • SANDERS CAPITAL, LLC added 952,510 shares (+83.5%) to their portfolio in Q2 2026, for an estimated $485,265,744
    • JPMORGAN CHASE & CO added 900,840 shares (+inf%) to their portfolio in Q2 2026, for an estimated $458,941,946
    • DIAMANT ASSET MANAGEMENT, INC. removed 877,788 shares (-99.8%) from their portfolio in Q2 2026, for an estimated $447,197,874

    To track hedge funds' stock portfolios, check out Investivoq's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Investivoq API 13F endpoint.

    $LMT Government Contracts

    We have seen $47,023,837,794 of award payments to $LMT over the last year.

    Here are some of the awards which we have have seen pay out the most over the last year:

    • EXECUTE PHASED ARRAY TRACKING RADAR TO INTERCEPT ON TARGET (PATRIOT) ADVANCED CAPABILITY-3 (PAC-3) MISSILE ...: $4,496,040,000
    • CY24 AVSC SUPPLY SUPPORT: $3,113,063,709
    • GUIDED MULTIPLE LAUNCH ROCKET SYSTEM (GMLRS) AND LOW COST REDUCED RANGE PRACTICE ROCKET (LCRRPR) FY26 FULL ...: $2,971,929,005
    • THE PURPOSE OF THIS CONTRACT IS TO AWARD LONG LEAD FUNDING FOR F-35A, F-35B, AND F-35C AIRCRAFT FOR U.S. SE...: $2,713,735,173
    • EXECUTE PHASED ARRAY TRACKING RADAR TO INTERCEPT ON TARGET (PATRIOT) ADVANCED CAPABILITY-3 (PAC-3) MISSILE ...: $2,199,610,139

    To track government contracts to publicy traded companies, check out Investivoq's government contracts dashboard. You can access data on government contracts through the Investivoq API government contracts endpoint.

    $LMT Congressional Stock Trading

    Members of Congress have traded $LMT stock 7 times in the past 6 months. Of those trades, 0 have been purchases and 7 have been sales.

    Here’s a breakdown of recent trading of $LMT stock by members of Congress over the last 6 months:

    • REPRESENTATIVE KEVIN HERN has traded it 6 times. They made 0 purchases and 6 sales worth up to $300,000 on 09/23, 09/17, 09/02.
    • SENATOR TOMMY TUBERVILLE sold up to $50,000 on 06/08.

    To track congressional stock trading, check out Investivoq's congressional trading dashboard. You can access data on congressional stock trades through the Investivoq API Congress trades endpoint.

    This article is not financial advice. See Investivoq's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.