Lockheed Martin Corporation Q3 2025 Earnings Recap

LMT Q3 2025 October 21, 2025

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Lockheed Martin reported strong Q3 2025 results, achieving a record backlog of $179 billion, driven by substantial contract wins and 9% year-over-year sales growth.

Earnings Per Share Beat

$6.95 vs $6.38 est.

+8.9% surprise

Revenue Beat

18609000000 vs 18552992043 est.

+0.3% surprise

Market Reaction

1-Day -0.48%

5-Day -0.76%

30-Day -4.34%

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Key Takeaways

Secured $30 billion in multi-year awards including PAC-3 and JASSM, highlighting sustained demand for missile defense systems.
Generated over $3 billion in free cash flow, enabling a 5% quarterly dividend increase and enhanced share repurchase authorization.
Updated 2025 financial outlook anticipates mid-single-digit sales growth and $6.6 billion in free cash flow.
Record-high backlog includes $11 billion contract for F-35 Lot 18 and 19, reinforcing the company’s position in key defense markets.
Continued focus on operational execution aims to enhance program performance and mitigate production risks.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit LMT on AllInvestView.