Lockheed Martin (LMT) Q2 2026 earnings

Published Jul 23, 2026

AI summary

Revenue $20.06B, up 11% from $18.16B a year ago.
GAAP EPS $7.94 beat the $7.20 consensus by $0.74, up from $1.46 a year ago.
Second quarter 2026 sales rose 11% to $20.1 billion compared to the same period last year.
Net earnings reached $1.8 billion, or $7.94 per share, significantly higher than the prior year's $342 million.
The company achieved a record backlog of $230 billion, bolstered by a new $35 billion THAAD contract.

Revenue

Reported

$20.06B

Consensus not captured before release

+11% YoY

EPS · GAAP (street basis)

Reported · Diluted EPS (GAAP, street basis)

$7.94

Consensus $7.20

Beat by $0.74

GAAP EPS: $7.94

Consensus: Yahoo Finance · Q2 2026 · EPS estimate at release
Revenue display rounded; difference uses exact result.

$79.75B–$81.75B

fiscal 2026 revenue guidance

Next-quarter consensus not captured before release.

Prior year results were negatively impacted by $1.6 billion in reach-forward program losses.
The company notes that its financial outlook does not incorporate potential impacts from proposed acquisitions.

Source: Lockheed Martin Corporation press release · SEC Form 8-K exhibit 99.1

Figures as stated in the company’s release; consensus from the provider named above. Not financial advice.