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Lockheed Martin Corporation (LMT) Q3 2025 Earnings Call Transcript

Q3: 2025-10-21 Earnings Summary

EPS of $6.95 beats by $0.60

 | Revenue of $18.61B (8.80% Y/Y) beats by $87.54M

Lockheed Martin Corporation (NYSE:LMT) Q3 2025 Earnings Call October 21, 2025 11:00 AM EDT

Company Participants

Maria Lee – VP, Treasurer & Investor Relations
James Taiclet – Chairman, President & CEO
Evan Scott – Senior VP & CFO

Conference Call Participants

Douglas Harned – Sanford C. Bernstein & Co., LLC., Research Division
Seth Seifman – JPMorgan Chase & Co, Research Division
Kenneth Herbert – RBC Capital Markets, Research Division
Gavin Parsons – UBS Investment Bank, Research Division
Scott Deuschle – Deutsche Bank AG, Research Division
Richard Safran – Seaport Research Partners
Peter Skibitski – Alembic Global Advisors
Myles Walton – Wolfe Research, LLC
Kristine Liwag – Morgan Stanley, Research Division
Gautam Khanna – TD Cowen, Research Division
Robert Stallard – Vertical Research Partners, LLC
Michael Ciarmoli – Truist Securities, Inc., Research Division
Scott Mikus – Melius Research LLC
Sheila Kahyaoglu – Jefferies LLC, Research Division
Peter Arment – Robert W. Baird & Co. Incorporated, Research Division

Presentation

Operator

Good day, and welcome, everyone, to the Lockheed Martin Third Quarter 2025 Earnings Results Conference Call. Today’s call is being recorded.

[Operator Instructions]

At this time, for opening remarks and introductions, I would like to turn the call over to Maria Ricciardone, Vice President, Treasurer and Investor Relations. Please go ahead.

Maria Lee
VP, Treasurer & Investor Relations

Thank you, Sarah, and good morning. I’d like to welcome everyone to our third quarter 2025 earnings conference call. Joining me today on the call are Jim Taiclet, our Chairman, President and Chief Executive Officer; and Evan Scott, our Chief Financial Officer.

Statements made today that are not historical facts are considered forward-looking statements and are made pursuant to the safe harbor provisions of federal securities laws. Actual results may differ materially from those projected in the forward-looking statements. Please see Lockheed Martin’s SEC filings, including our 2024 annual report on Form 10-K and subsequent quarterly reports on Form 10-Q for

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