# LOCKHEED MARTIN CORPORATION (LMT) FY2026 Q1 P&L / Income Statement - Company: LOCKHEED MARTIN CORPORATION (LMT) - Period: 2026-01-01 to 2026-03-29 - Filing: Q1 FY2026 10-Q, filed 2026-04-23, accession number 0001628280-26-026836 - Page: https://plicit.ai/financials/lmt/fy2026-q1-income-statement - Chart image: https://plicit.ai/charts/lmt-fy2026-q1-income-statement-sankey.png ## Chart details: Revenue by Product and Service Income statement for 2026-01-01 through 2026-03-29. View: Product and service. Revenue and costs use their disclosed categories. - **Total sales**: 18,021,000,000 US dollars - **Total operating costs and expenses**: 15,943,000,000 US dollars - **Gross profit**: 2,078,000,000 US dollars - **Operating costs, including other operating expenses (calculated)**: 15,000,000 US dollars - **Operating profit**: 2,063,000,000 US dollars - **Other income (expense), net (calculated)**: negative 289,000,000 US dollars - **Earnings before income taxes**: 1,774,000,000 US dollars - **Income tax expense**: 286,000,000 US dollars - **Net earnings**: 1,488,000,000 US dollars - **Products revenue**: 14,831,000,000 US dollars - **Services revenue**: 3,190,000,000 US dollars - **Products cost of revenue**: 13,398,000,000 US dollars - **Services cost of revenue**: 2,784,000,000 US dollars - **Other unallocated, net**: negative 239,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other (expense) income, net**: 15,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Geography - Page: https://plicit.ai/financials/lmt/fy2026-q1-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/lmt-fy2026-q1-revenue-by-geography-sankey.png Income statement for 2026-01-01 through 2026-03-29. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total sales**: 18,021,000,000 US dollars - **Total operating costs and expenses**: 15,943,000,000 US dollars - **Gross profit**: 2,078,000,000 US dollars - **Operating costs, including other operating expenses (calculated)**: 15,000,000 US dollars - **Operating profit**: 2,063,000,000 US dollars - **Other income (expense), net (calculated)**: negative 289,000,000 US dollars - **Earnings before income taxes**: 1,774,000,000 US dollars - **Income tax expense**: 286,000,000 US dollars - **Net earnings**: 1,488,000,000 US dollars - **UNITED STATES**: 12,379,000,000 US dollars - **Europe**: 2,625,000,000 US dollars - **Asia Pacific**: 1,669,000,000 US dollars - **Middle East**: 794,000,000 US dollars - **Other**: 554,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other (expense) income, net**: 15,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Basis of Pricing - Page: https://plicit.ai/financials/lmt/fy2026-q1-income-statement/revenue-by-basis-of-pricing - Chart image: https://plicit.ai/charts/lmt-fy2026-q1-revenue-by-basis-of-pricing-sankey.png Income statement for 2026-01-01 through 2026-03-29. View: Contract with Customer, Basis of Pricing. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total sales**: 18,021,000,000 US dollars - **Total operating costs and expenses**: 15,943,000,000 US dollars - **Gross profit**: 2,078,000,000 US dollars - **Operating costs, including other operating expenses (calculated)**: 15,000,000 US dollars - **Operating profit**: 2,063,000,000 US dollars - **Other income (expense), net (calculated)**: negative 289,000,000 US dollars - **Earnings before income taxes**: 1,774,000,000 US dollars - **Income tax expense**: 286,000,000 US dollars - **Net earnings**: 1,488,000,000 US dollars - **Fixed-price**: 10,410,000,000 US dollars - **Cost-reimbursable**: 7,611,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other (expense) income, net**: 15,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/lmt/fy2026-q1-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/lmt-fy2026-q1-revenue-by-business-segment-sankey.png Income statement for 2026-01-01 through 2026-03-29. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total sales**: 18,021,000,000 US dollars - **Total operating costs and expenses**: 15,943,000,000 US dollars - **Gross profit**: 2,078,000,000 US dollars - **Operating costs, including other operating expenses (calculated)**: 15,000,000 US dollars - **Operating profit**: 2,063,000,000 US dollars - **Other income (expense), net (calculated)**: negative 289,000,000 US dollars - **Earnings before income taxes**: 1,774,000,000 US dollars - **Income tax expense**: 286,000,000 US dollars - **Net earnings**: 1,488,000,000 US dollars - **Aeronautics**: 6,953,000,000 US dollars - **Missiles And Fire Control**: 3,649,000,000 US dollars - **Rotary and Mission Systems**: 3,991,000,000 US dollars - **Space**: 3,428,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other (expense) income, net**: 15,000,000 US dollars - **Aeronautics costs (calculated)**: 6,334,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Missiles And Fire Control costs (calculated)**: 3,149,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Rotary and Mission Systems costs (calculated)**: 3,568,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Space costs (calculated)**: 3,147,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Reconciling items (calculated)**: negative 240,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Customer - Page: https://plicit.ai/financials/lmt/fy2026-q1-income-statement/revenue-by-customer - Chart image: https://plicit.ai/charts/lmt-fy2026-q1-revenue-by-customer-sankey.png Income statement for 2026-01-01 through 2026-03-29. View: Customer. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total sales**: 18,021,000,000 US dollars - **Total operating costs and expenses**: 15,943,000,000 US dollars - **Gross profit**: 2,078,000,000 US dollars - **Operating costs, including other operating expenses (calculated)**: 15,000,000 US dollars - **Operating profit**: 2,063,000,000 US dollars - **Other income (expense), net (calculated)**: negative 289,000,000 US dollars - **Earnings before income taxes**: 1,774,000,000 US dollars - **Income tax expense**: 286,000,000 US dollars - **Net earnings**: 1,488,000,000 US dollars - **U.S. Government**: 12,310,000,000 US dollars - **International**: 5,642,000,000 US dollars - **U.S. commercial and other**: 69,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other (expense) income, net**: 15,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.