Lockheed Martin Earnings Miss, Shares Fall 6.3%

Lockheed Martin reported Q1 adjusted earnings of $6.44 per share and revenue of $18.0 billion, both below analyst expectations.
Shares dropped 6.3% pre‑market after the miss, while net earnings fell to $1.5 billion from $1.7 billion a year earlier.
Company reaffirmed FY2026 guidance of $77.5‑$80.0 billion sales, $29.35‑$30.25 EPS and $6.5‑$6.8 billion free cash flow.
Aeronautics segment saw a $125 million unfavorable adjustment on the F‑16 program, contributing to a $262 million (13%) drop in operating profit to $1.8 billion.