FINHUB Insights

LMT · Q1 FY26 · Jan 1 – Mar 29, 2026

Lockheed Martin Q1 FY26: where the revenue came from and where it went

Lockheed Martin Q1 FY26: revenue $18B (+0% year over year). Net profit $1.5B. Largest cohort Aeronautics $7B. The whole income statement as a sankey diagram from the SEC filing.

Period
Jan 1 – Mar 29, 2026
Reported
Apr 23, 2026 10-Q
Sankey diagram of Lockheed Martin's income statement for Q1 FY26: revenue of $18 billion splits into segments and flows out into costs, taxes and net profit.

Tap the diagram to enlarge · figures in billions of dollars

Revenue$18B +0% year over year
Gross profit$2.1B 12% margin
Operating profit$2.1B 11% margin
Net profit$1.5B 8% margin

The numbers

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 29, 2026).
ItemValueShare of revenueYear over year
Revenue 18 100% +0%
Aeronautics 7 39% −1%
Rotary and Mission Systems 4 22% −8%
Missiles and Fire Control 3.6 20% +8%
Space 3.4 19% +7%
Cost of revenue−15.988%
Gross profit2.112% margin−1pp
Operating expenses−00%+0pp
Operating profit2.111% margin−2pp
Tax−0.3
Interest & other costs−0.3
Net profit1.58%−1pp
Filing on EDGAR More quarters of LMT

Source of the numbers: structured XBRL data from the filing (10-Q). The diagram is generated automatically and checked against EDGAR before release. How we calculate it → About and methodology.

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