Lockheed Martin (LMT Quick QuoteLMT - Free Report) reported $20.71 billion in revenue for the quarter ended September 2026, representing a year-over-year increase of 11.3%. EPS of $7.97 for the same period compares to $6.95 a year ago.

The reported revenue compares to the Zacks Consensus Estimate of $20.43 billion, representing a surprise of +1.35%. The company delivered an EPS surprise of +6.41%, with the consensus EPS estimate being $7.49.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

Here is how Lockheed performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:

• Sales- Aeronautics: $8.21 billion versus $8 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +13.2% change.
• Sales- Rotary and Mission Systems: $4.51 billion compared to the $4.55 billion average estimate based on three analysts. The reported number represents a change of +3.2% year over year.
• Sales- Missiles and Fire Control: $4.5 billion versus the three-analyst average estimate of $4.3 billion. The reported number represents a year-over-year change of +24.2%.
• Sales- Space: $3.49 billion versus $3.55 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +3.8% change.
• Operating profit (loss)- Aeronautics: $743 million compared to the $741.8 million average estimate based on three analysts.
• Operating profit (loss)- Space: $331 million compared to the $347.63 million average estimate based on three analysts.
• Operating profit (loss)- Rotary and Mission Systems: $524 million versus $467.52 million estimated by three analysts on average.
• Operating profit (loss)- Missiles and Fire Control: $631 million compared to the $594.39 million average estimate based on three analysts.

View all Key Company Metrics for Lockheed here>>>

Shares of Lockheed have returned +5.1% over the past month versus the Zacks S&P 500 composite's no change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.