Lockheed Martin Reports Strong Q2 Earnings, Raises Guidance
On July 23, 2026, Lockheed Martin (NYSE: LMT) reported better-than-expected second-quarter earnings and revenue results. The company earned $7.94 per share on sales of $20.1 billion, surpassing analyst estimates for both profit ($7.23/share) and revenue ($19.4 billion). This marked a 11% year-over-year increase in sales and an impressive 444% surge in profits compared to the prior year's weak performance due to losses on classified programs. Lockheed Martin also raised its full-year guidance, projecting $80.8 billion in revenue (plus or minus $1 billion) and earnings per share of between $29.95 and $30.65—$0.50 higher than previously expected. Free cash flow for the year is now forecasted to range from $7 billion to $7.2 billion, up sharply from a negative $150 million in free cash flow last year. The strong results led investors to send Lockheed Martin's stock surging 9% by early afternoon on Thursday.
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