Three earnings misses in the last four quarters — including a severe miss in mid-2025 that dragged the average surprise to approximately negative 19% — alongside 72% revenue concentration with a single government customer and only 6.1% headroom to the analyst price target suggest a cautious posture; the stock is below its 200-day moving average but that average is still rising at roughly 2.8% over the past month, indicating a pullback within a longer uptrend that has not yet confirmed a reversal.
Thesis pillars
- Thin Upside Asymmetry Not Cleared↑Improving
- Earnings Delivery Deteriorating↓Deteriorating
- Government Customer Concentration↓Deteriorating
- +1 more pillar — see the Why tab for full reasoning
Lockheed Martin Corporation (LMT) Stock Analysis
Industrials · Aerospace & Defense
Sell if holding. Momentum 1.8/10 is below the 5.0 floor at $526.23 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Thin upside margin: 8.4%; Concentration risk — Customer: U.S. Government (72.0%).
Lockheed Martin develops, manufactures, and sustains advanced military aircraft, missiles, helicopters, defense systems, and space vehicles across four segments. In 2025, 72% of consolidated sales came from the U.S. Government, with the F-35 Lightning II alone representing 27%... Read more
Sell if holding. Momentum 1.8/10 is below the 5.0 floor at $526.23 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Thin upside margin: 8.4%; Concentration risk — Customer: U.S. Government (72.0%). Chart setup: No clear chart pattern; technical signals are mixed. Score 5.4/10, high confidence.
Passes 7/8 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, earnings proximity 45d clear, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum. Suitability: moderate.
Recent developments
updated 2026-09-05Recent Developments — Lockheed Martin Corporation
Latest news
- NEWS Lockheed Martin (NYSE:LMT) Stock Price Up 1.5% - What's Next? - MarketBeat — MarketBeat positive
- NEWS Lockheed Martin vs. General Dynamics: Which Stock is the Better Buy? - The Globe and Mail — The Globe and Mail neutral
- NEWS Lockheed Martin vs. General Dynamics: Which Stock is the Better Buy? - TradingView — TradingView positive
- NEWS Earnings To Watch: Lockheed Martin (LMT) Reports Q2 Results Tomorrow - StockStory — StockStory neutral
- NEWS Lockheed Martin Corp Stock (LMT) Moved Down by 3.17% on Apr 22: Drivers Behind the Movement - TradingKey — TradingKey negative
Generated 2026-09-05T21:17:38Z.
Upcoming dated catalysts
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCustomerU.S. Government72%10-K Item 1A: 'We derived 72% of our total consolidated sales from the U.S. Government in 2025, including 63% from the Department of War (DoW)'
- MEDIUMProductF-35 program27%10-K Item 1A: 'The F-35 program...is our largest program and represented 27% of our total consolidated sales in 2025'
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Rating Breakdown
1 floor-breaker
Price action weak — below key moving averages, no momentum carry. Needs a base before trend-continuation setups apply.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Momentum 1.8/10 is below the 5.0 floor at $526.23 — engine's falling-knife protection flags exit rather than catching a breakdown. Specifics: Thin upside margin: 8.4%; Concentration risk — Customer: U.S. Government (72.0%). Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $508.31. Score 5.4/10, high confidence.
Take-profit target: $569.65 (+8.4% upside). Prior stop was $508.31. Stop-loss: $508.31.
Concentration risk — Customer: U.S. Government (72.0%); Thin upside margin: 8.4%; V7 low-quality RISK_OFF penalty: -0.5 (Q=5.4).
Lockheed Martin Corporation trades at a P/E of 19.6 (forward 16.1). TrendMatrix value score: 6.7/10. Verdict: Sell.
28 analysts cover LMT with a consensus score of 3.6/5. Average price target: $633.
What does Lockheed Martin Corporation do?Lockheed Martin develops, manufactures, and sustains advanced military aircraft, missiles, helicopters, defense...
Lockheed Martin develops, manufactures, and sustains advanced military aircraft, missiles, helicopters, defense systems, and space vehicles across four segments. In 2025, 72% of consolidated sales came from the U.S. Government, with the F-35 Lightning II alone representing 27% of total sales. The company employed approximately 123,000 people at year-end 2025, with 93% located in the United States.