LMT Stock On Track To Register Eighth Consecutive Session Of Losses – Lockheed Remains Confident About Meeting 2026 Guidance

• The company said it’s ramping up its arms production and investing in projects.
• Lockheed management said integration challenges and supply chain constraints from 2025 persisted into the first quarter.
• The company said it expects sales to grow in the second quarter and throughout the remainder of the year.

Shares of Lockheed Martin Corp (LMT) fell over 5% on Thursday, and are on track to register their eighth consecutive session of losses despite soaring demand for its arms.

Lockheed Martin reported its first-quarter (Q1) earnings on Thursday. The firm posted earnings per share (EPS) of $6.44, below Wall Street expectations of $6.74. It recorded total revenue of $18 billion for the quarter, slightly below analysts’ expectations of $18.22 billion.

On the earnings call, the management said the government’s focus on defense industrial base investment and modernization spending created a favorable environment for the company as it works through a large backlog.

LMT’s Munition Ramp Up

​The company has been running construction and modernization projects across 20 facilities worldwide, and these investments will help improve the scale and speed at which the arms are produced.

​These investments will also help production infrastructure, boost manufacturing capabilities, and strengthen supply chains, said Chief Executive Officer Jim Taiclet on a call with analysts.

​Earlier this month, Lockheed Martin received a $4.7 billion contract from the Pentagon to accelerate production of Patriot interceptors. This deal moves Lockheed closer to its target of more than tripling PAC-3 Missile Segment Enhancement (MSE) interceptor output by 2030.

​Supply Chain Concerns Spilled Over In 2026

The company said there have been design and development delays with its F-16 fighter jet.

On the C-130 program, the company said there were integration challenges and supply chain constraints that carried forward from early 2025 and persisted into the first quarter of 2026.

Lockheed Martin also reported its sales of the aeronautics segment with a loss of $104 million or 1%, compared to the year-ago quarter, due to roughly $325 million less in classified program sales from lower volume, and about $145 million less on the F-16 program due to unfavorable profit adjustments in Q1 and reduced production.

​Lockheed Confident About Meeting 2026 Guidance

Lockheed stated that it is confident it will meet its 2026 guidance. The company reaffirmed its 2026 guidance with sales and operating profit growth of about 5% and 25% year over year, respectively. It also expects the free cash flow to remain between $6.5 billion and $6.8 billion.

Lockheed added that although first-quarter sales were affected by a shorter fiscal period than the prior year, it now expects sales to increase in the second quarter and for the remainder of the year.

​How did Retail Traders React?

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On Stocktwits, retail sentiment surrounding the stock has remained in ‘bullish’ territory amid ‘extremely high’ message volumes.

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Shares of Lockheed Martin have risen over 5% this year.

​For updates and corrections, email newsroom[at]stocktwits[dot]com.

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