Lockheed Martin reported third-quarter results on October 22, with sales up 11% to $20.7 billion and earnings per share of $7.97, nearly $0.50 above analysts' expectations. The company raised its full-year outlook, now expecting sales above $80 billion and free cash flow of $7.8 billion to $8 billion, and increased its dividend for a 24th consecutive year. Backlog grew 27% to $292 billion, including multiyear deals for PAC-3 interceptors and 850 F-35 jets. The author argues the stock, though up more than 20% year to date, remains a solid choice for long-term investors, citing its backlog, guidance and steadily growing dividend, which yields about 2.5%.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on Yahoo Finance ↗
Keywords
Lockheed Martindefensedividendsearnings
Open a keyword to see other news on the same topic.
Related news
- Why Lockheed Martin May Be an Underrated Stock to Buy Right Now
The article argues that Lockheed Martin (LMT) is an underrated stock, having risen about 15% this year while still offering good value. In 2022, when the market fell, its shares rose over 40% including dividends, while the S&P 500 posted a total return of negative 18%, helped by its close ties to the U.S. government and strong defense spending. In the quarter ended June 28, revenue reached $20.1 billion, up 11% year over year. The stock trades at a forward P/E of about 16, below the S&P 500 average of more than 19, and its dividend yields 2.6% versus roughly 1% for the index. Lockheed has raised its dividend for 24 consecutive years.
- Why Lockheed Martin May Be an Underrated Stock to Buy Right Now
The article argues that Lockheed Martin (LMT) can withstand market volatility, with its stock up about 15% this year while still offering good value. In 2022, when the market fell, LMT’s total return including dividends was over 40%, compared with a negative 18% for the S&P 500, helped by its close ties to the U.S. government and strong defense spending. In the quarter ended June 28, revenue reached $20.1 billion, up 11% year over year. The stock trades at a forward P/E of about 16, below the S&P 500’s more than 19, and its dividend yields 2.6% versus the index’s roughly 1%. The company has raised its dividend for 24 consecutive years, which the article cites as a reason to hold the stock long term.
- If a Stock Market Crash Is Coming, History Says These 3 Industrial Stocks Are the Best Move
The article recommends three industrial stocks it describes as defensive and reasonably valued for investors worried about a market crash: Waste Management (WM), Lockheed Martin (LMT), and Stanley Black & Decker (SWK). Waste Management's second-quarter revenue rose 4% year over year to $6.7 billion, and its forward P/E of 23 sits below a five-year average of 27, with a 1.8% dividend yield. Lockheed Martin's second-quarter revenue rose 11% to $20 billion, its backlog reached a record $230 billion, and its forward P/E of 15 is below a five-year average of 17. Stanley Black & Decker offers a 3.8% dividend yield and a forward P/E of 14 versus a five-year average of 16, and has reported about $2.1 billion in pre-tax run-rate savings. The author argues these dividend-paying stocks could provide steady income while investors wait for better market conditions.
- Why Lockheed Martin Stock Soared Today
Lockheed Martin shares rose 6.96% on Thursday after the company said its contract backlog grew to $292 billion. Third-quarter sales climbed 11% year over year to $20.7 billion, and net earnings rose 14% to $1.8 billion, or $7.97 per share, above the $7.52 analysts had projected. Operating cash flow was $3.4 billion and free cash flow was $3 billion, and the shares yield about 2.4%. For 2026, Lockheed expects full-year sales of roughly $81 billion and EPS of $30.35 to $30.75, and it also announced a 10-year deal with the Defense Department to expand F-35 production.
- Lockheed Martin Corporation Q3 2026 Earnings Call Summary
- Lockheed Martin Rises 9% as Record Backlog Lifts Outlook; RTX Gains 2%, Northrop Grumman Advances 3%
Lockheed Martin shares rose 9% to $602.75 on Thursday after third-quarter results beat estimates and the company raised its 2026 outlook, supported by a record backlog of $292 billion. Sales reached $20.7 billion, up 11%, with earnings of $7.97 per share and free cash flow of $3.0 billion, while Missiles and Fire Control revenue jumped 24% on higher PAC-3 and THAAD production. The backlog includes roughly $52.5 billion tied to a multi-year PAC-3 interceptor award, and a 10-year framework with the U.S. Department of War covers 850 F-35 aircraft, though it is not yet a finalized contract. RTX rose 2% to $195.54 and Northrop Grumman gained 3% to $553.29, while the aerospace and defense ETF edged up 0.21% as the S&P 500 ETF fell 0.82%. The article notes that the sector's gains reflected broader interest rather than company-specific news from peers, and that defense stocks remain sensitive to budget cycles and contract timing.
Related markets
Latest news
- For the First Time in History, Vietnamese Spend Over 1 Quadrillion VND a Day Without Cash
At NAPAS's 2026 Customer Conference for member intermediaries, the organization said Vietnam's digital payment market continues to grow strongly. In the first eight months of 2026, non-cash payments reached over 21 billion transactions worth more than 260 quadrillion VND, up 34.56% in volume and 13.26% in value year on year; average daily value reached 1.05 quadrillion VND, equivalent to US$40 billion. QR payment volume has grown 20 times over the past five years. In the first nine months of 2026, NAPAS processed over 10 billion transactions worth more than 46 quadrillion VND. NAPAS has linked cross-border QR payments with six countries (Thailand, Laos, Cambodia, China, Singapore and South Korea) and is rolling out links with Taiwan (China) and India.
- Rocket Lab Just Postponed Its Neutron Launch. Again.
Rocket Lab has postponed the inaugural launch of its reusable Neutron rocket, announced in an after-hours webcast on October 14. The delay stems from air pockets forming between carbon composite layers in the domes at the top and bottom of the first-stage propellant tanks, which weaken structural integrity; the company chose to delay while developing a new manufacturing process. RKLB shares fell 25% that week. CEO Sir Peter Beck said the problem has been solved, but the target is now a 2027 launch without a specific date, and he acknowledged the timeline is "ambitious." The author argues the delay of a few months to a year will have little near-term impact on revenue or profit, since Neutron was always planned to ramp up gradually, and that Rocket Lab will almost certainly earn its first profit next year regardless of a Neutron launch.
- On October 25, how much interest would a 100 million VND three-month deposit earn at Sacombank, SHB, HDBank, MB, VPBank, Techcombank and ACB?
For a 100 million VND deposit over three months, interest earned varies by bank and by whether the deposit is made at the counter or online. At the counter, VPBank offers the highest rate at 4.65% per year (1.1625 million VND), followed by SHB and Sacombank at 4.5% (1.125 million VND), while HDBank is lowest at 3.6% (900,000 VND). Online, VPBank again leads at 4.75% (1.1875 million VND), SHB and MB both pay 4.65% (1.1625 million VND), and HDBank is lowest at 4.3% (1.075 million VND). Interest is calculated as deposit × rate × 3/12, assuming the full term and interest paid at maturity. The article notes actual rates may change and depend on each bank's terms.
- Gold Prices Keep Plunging: What Should Investors Do?
World gold prices fell to their lowest level since July, and domestic gold prices also declined. Gold expert Trần Duy Phương said the drop does not mean gold has become cheap or that the long-term trend has changed, so investors should weigh their accumulation goals, cash needs and risk tolerance, and avoid acting out of fear of missing out. Dr. Nguyễn Trí Hiếu said there is not yet enough basis to conclude the market has bottomed, and holders should set in advance the maximum loss they can accept. Experts also advised carefully weighing borrowing to invest in gold, avoiding concentrating money in one channel, and keeping an emergency fund. For stocks, Đặng Trần Phục said a deep share price drop does not mean shares are cheap, and businesses should be assessed on revenue, profit and actual cash flow.
- How Investors May Respond To Qualcomm Stock Earnings Outlook Concerns
QUALCOMM affirmed a quarterly cash dividend of US$0.92 per share for December 2026, while diluted EPS fell 16.67% year on year, with a P/E of 20.00, a dividend yield of 2.03% and weaker operating margins. The company is cutting its global workforce and faces pressure in smartphones and Apple-related revenue, while committing capital to data center chips, robotics and AI partnerships with Amazon and Apple. The article notes that two hyperscaler customers have production underway, with revenue targets for fiscal 2027 and 2029. Under the current analyst narrative, revenue is projected at US$60.0b and earnings at US$11.5b by 2029, based on 10.8% yearly revenue growth, and fair value implies about 10% potential upside to the current price. The most optimistic analysts forecast US$66.9b of revenue and US$11.8b of earnings by 2029.
- 1 Red Flag That Keeps Me From Buying AMD Stock
The author says they are not planning to buy AMD stock because it looks too expensive, even though AMD's products are now more competitive alternatives to Nvidia's AI computing units. AMD trades at 130 times trailing 12-month earnings and 67 times forward earnings, well above the 25 to 35 times the author considers typical for a big tech company in the AI race. At 32 times next year's earnings, the article argues the stock already prices in most of the growth expected for 2027, which could lead to a sizable sell-off or slower gains as the stock grows into its valuation. The article compares this with Nvidia, which trades at 27 times trailing earnings.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.