Why Lockheed Martin Corporation (LMT) Stock Rose 7.0% on Oct 22, 2026
What happened
Lockheed Martin surged +6.97% to $589.94 after reporting Q3 EPS of $7.97 (beating ~$7.52 consensus) and revenue of $20.71 billion (+11% YoY, above forecasts), while raising full-year 2026 guidance and posting a record $292 billion order backlog fueled by a finalized 10-year F-35 framework agreement with the DOD, per Schaeffer's Research and 247wallst.com. The broader defense sector rallied in sympathy, with RTX and Northrop Grumman each gaining 2–3%.
LMT's next earnings release, currently scheduled for February 4, 2027 (date unconfirmed), with consensus EPS estimate at $8.55.
Other developments that session
Lockheed Martin Corporation (LMT) filed a new 8-K on October 22, 2026. We checked news, earnings announcements, analyst updates, and corporate actions — the filing's specific content was not disclosed in available sources.
Lockheed Martin Corporation (LMT) reported EPS of $7.97 vs. consensus estimate of $7.52, beating expectations by 6.0% on 2026-10-22.
LMT raised full-year outlook after Q3 beat estimates, driven by record backlog.
Frequently asked questions
Why did Lockheed Martin Corporation (LMT) stock rise on Oct 22, 2026?
Lockheed Martin surged +6.97% to $589.94 after reporting Q3 EPS of $7.97 (beating ~$7.52 consensus) and revenue of $20.71 billion (+11% YoY, above forecasts), while raising full-year 2026 guidance and posting a record $292 billion order backlog fueled by a finalized 10-year F-35 framework agreement with the DOD, per Schaeffer's Research and 247wallst.com. The broader defense sector rallied in sympathy, with RTX and Northrop Grumman each gaining 2–3%.
How much did LMT stock rise on Oct 22, 2026?
LMT rose 7.0% during the Oct 22, 2026 trading session.