LMT · Earnings call · 2026Q3T · Full report

Income Tax Rate Changes

LOCKHEED MARTIN CORP · 2026-10-22 · Importance 20 · Surprise 24

Management attributed part of its raised 2026 cash-flow outlook to continued benefits from IRS tax guidance received earlier in the year. The revised outlook calls for cash from operations of $10 billion–$10.2 billion and free cash flow of $7.8 billion–$8 billion. Management did not quantify the tax-guidance benefit separately.