Lockheed Martin is expected to report Q3 2026 consensus revenue of $20.43 billion and earnings per share of $7.49, as the stock trades around $547.19 relative to a $605.50 average price target.
Investors are primarily focused on the rapid growth of the Missiles and Fire Control (MFC) segment following a record jump in its order backlog. This division is benefiting from a permanent increase in global demand for defense systems like the PAC-3 and THAAD interceptors amid heightened geopolitical tensions.
Analysts are looking for evidence that supply chain improvements are allowing the company to ramp up production and convert its massive $230 billion total backlog into realized quarterly sales.