How often does Lockheed Martin move more than the options market prices?

6 of the last 8 reports moved at least as far as the implied move.

LMTNYSEGuided Missiles & Space Vehicles & Parts

Lockheed Martin Corp (LMT) earnings date, market-implied expected move, and options open interest by expiry

637.56

−6.03 · −0.94%

post 636.15 −0.22%

Closed19:13 ET

Open647.35Volume1.9MMkt cap$147.1BP/E22.50EPS28.27Div yield2.17%

Day635.11 – 651.506%52-wk429.47 – 683.2781%

LMT

Lockheed Martin Corp

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

No implied move.

Expected move

Inputs

Next report

Jan 28

before open · in 88 days

est.Q4 FY26

Calendar

Next report

Last report

+6.96%

vs ±3.8% implied · ×1.82

shaded = implied · ▲▼ = realized

Oct 22 '26 · confirmed

Implied vs realized

Largest filed tie

72.00%

of LMT revenue · U.S. Government

customerLMT 10-K

Supply chain

Largest filed tie

13F top-10 QoQ

+4.16%

shares held · 10 largest managers

13F · Jun 30 '26124d lag

2,784 managers

Top fund weight

2.77%

LMT weight · SCHD

N-PORTAug 31 '26

12 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Lockheed Martin (LMT) is expected to report on Jan 28 before open (estimated date).

Implied vs realized

8 reports

6 of 8≥ implied

avg implied: ±3.9%
avg realized: ±6.3%

Jan 28 '25Jan 28 '25confirmed±3.8%▼−9.18%×2.42

Apr 22 '25Apr 22 '25confirmed±4.5%▲+0.82%×0.18

Jul 22 '25Jul 22 '25confirmed±3.6%▼−10.81%×3.04

Oct 21 '25Oct 21 '25confirmed±4.1%▼−3.24%×0.79

Jan 29 '26Jan 29 '26confirmed±3.4%▲+4.23%×1.26

Q1 FY26Apr 23 '26confirmed±3.8%▼−4.62%×1.20

Q2 FY26Jul 23 '26confirmed±4.3%▲+10.54%×2.43

Q3 FY26Oct 22 '26confirmed±3.8%▲+6.96%×1.82

quarterimplied−15%0+15%realized×

Q3 FY26±3.8%▲+6.96%×1.82

Q2 FY26±4.3%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 8 expiries · Oct 28 close

0.63OI · 8 expiries · Oct 28 closeP/C open interest · Mar 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

5 nearer expiries

1,705+74%

Positioning

Linked exposure

No implied move.

Linked exposure

Revenue flow

as filedQ3 FY26

8.91%as filednet margin · revenue +3.23% QoQ · +11.30% YoY

Revenue

$20.7B+3.23% QoQ

Gross profit

$2.4B−0.41% QoQ

11.76% margin

Operating income

$2.4B−1.45% QoQ

11.80% margin

Pre-tax income

$2.2B−0.28% QoQ

Net income

$1.8B+0.49% QoQ

8.91% margin

Cost of revenue

$18.3B+3.74% QoQ

Other expense

$271M

Tax

$327M−4.39% QoQ

Revenue$20.7B+3.23%

Gross profit

$2.4B−0.41%

11.76% margin

Operating income

$2.4B−1.45%

11.80% margin

Pre-tax income

$2.2B−0.28%

Net income

$1.8B+0.49%

8.91% margin

Cost of revenue

$18.3B+3.74%

Other expense

$271M

Tax$327M−4.39%

flow · deduction · signed % = QoQSource: SEC filings · standardized · QE Sep 27 '26 · width = $

Revenue flow

Intraday

15m bars

Hatch = extended hours · ▯ up · ▮ down · bars = volume, 15mSource: market data · 19:00 ET

Intraday

Event sensitivity

NFP ×1.74· ±1.8% vs ±1.0% · 10 releases

eventrelease day|move|up · n×base

NFPjobs report±1.8%5 of 10×1.74

PPIproducer prices±1.7%6 of 10×1.61

CPIconsumer prices±1.3%4 of 10×1.25

PCEpersonal income & outlays±1.0%14 of 19×0.94

GDPgross domestic product±0.9%11 of 19×0.90

CPROFcorporate profits±0.9%6 of 12×0.86

FOMCrate decision±0.7%8 of 24×0.64

Bar = avg |move| to ±2% · tick = ±1.0% avg day · ×base = |move| ÷ ±1.0% · min 6 releases

Earnings history

EPS 7.97 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 22 '26 · confirmed	7.97	—
Q2 FY26	Jul 23 '26 · confirmed	7.94	—
Q1 FY26	Apr 23 '26 · confirmed	6.44	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod