Lockheed Martin (NYSE:LMT) Announces Quarterly Earnings Results

Lockheed Martin (NYSE:LMT) released its earnings results on Thursday. The aerospace company reported $7.94 earnings per share for the quarter, beating analysts’ consensus estimates of $7.22 by $0.72, Zacks reports. The business had revenue of $20.06 billion during the quarter, compared to the consensus estimate of $19.34 billion. Lockheed Martin had a net margin of 8.16% and a return on equity of 91.42%. The company’s revenue for the quarter was up 10.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.46 EPS. Lockheed Martin updated its FY 2026 guidance to 29.950-30.650 EPS.

Here are the key takeaways from Lockheed Martin’s conference call:

• Lockheed Martin delivered a very strong quarter, with record backlog of $230 billion, about $2.9 billion in free cash flow, and 11% sales growth to $20.1 billion. Management said performance was strong enough to raise full-year 2026 guidance across sales, profit, EPS, cash flow, and capex.
• Demand for missiles and air defense remained exceptionally strong, highlighted by major awards including a $35 billion THAAD contract, a $3 billion GMLRS award, and a HIMARS deal worth up to $1.1 billion. The company said these programs are driving broad munitions capacity expansion and support long-term growth.
• Lockheed emphasized continued momentum in advanced defense technologies, including Golden Dome, hypersonics, directed energy lasers, and counter-drone systems such as Sanctum and MORFIUS. Management argued the company is increasingly able to prototype and field new capabilities quickly by combining existing systems in new ways.
• The company said its growth is broad-based across the portfolio, with improved outlooks for Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space. However, Space profit guidance was lowered because of reduced ULA equity earnings tied to the Vulcan launch anomaly investigation.
• Management stressed that it is investing ahead of demand, including new factories, automation, AI-enabled manufacturing, and international co-production partnerships. It also pointed to continued capital deployment and the pending Ultra Maritime acquisition as signs it can fund growth while still returning cash to shareholders.

Lockheed Martin Stock Up 2.5%

Shares of NYSE LMT opened at $582.73 on Friday. The company has a debt-to-equity ratio of 2.34, a current ratio of 1.19 and a quick ratio of 0.94. Lockheed Martin has a 1 year low of $412.55 and a 1 year high of $692.00. The stock has a market capitalization of $134.35 billion, a P/E ratio of 21.48, a P/E/G ratio of 1.01 and a beta of 0.11. The company has a 50-day moving average price of $523.78 and a 200-day moving average price of $573.21.

Lockheed Martin Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 25th. Shareholders of record on Tuesday, September 1st will be paid a $3.45 dividend. This represents a $13.80 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 1st. Lockheed Martin’s dividend payout ratio (DPR) is 50.87%.

Hedge Funds Weigh In On Lockheed Martin

Hedge funds have recently bought and sold shares of the company. Davis R M Inc. boosted its holdings in Lockheed Martin by 1.3% during the fourth quarter. Davis R M Inc. now owns 1,264 shares of the aerospace company’s stock worth $612,000 after purchasing an additional 16 shares during the last quarter. Insigneo Advisory Services LLC grew its holdings in shares of Lockheed Martin by 0.6% in the fourth quarter. Insigneo Advisory Services LLC now owns 2,884 shares of the aerospace company’s stock valued at $1,395,000 after acquiring an additional 17 shares in the last quarter. Triumph Capital Management grew its holdings in shares of Lockheed Martin by 66.7% in the fourth quarter. Triumph Capital Management now owns 55 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 22 shares in the last quarter. Richmond Investment Services LLC increased its position in shares of Lockheed Martin by 5.1% during the fourth quarter. Richmond Investment Services LLC now owns 456 shares of the aerospace company’s stock valued at $220,000 after acquiring an additional 22 shares during the last quarter. Finally, Wimmer Associates 1 LLC lifted its holdings in Lockheed Martin by 0.5% during the fourth quarter. Wimmer Associates 1 LLC now owns 4,990 shares of the aerospace company’s stock worth $2,414,000 after acquiring an additional 24 shares during the period. 74.19% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about Lockheed Martin

Here are the key news stories impacting Lockheed Martin this week:

• Positive Sentiment: Lockheed beat Q2 expectations with EPS of $7.94 and revenue of $20.06 billion, helped by 10.5% year-over-year sales growth. Reuters: Lockheed Martin lifts 2026 forecasts as Pentagon seeks to restock weapons
• Positive Sentiment: The company raised 2026 guidance for both sales and earnings, signaling management confidence in sustained demand and improved execution. PR Newswire: Lockheed Martin Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Backlog hit a record $230 billion, boosted by major contracts such as the $35 billion THAAD interceptor award, giving investors long-term revenue visibility. Yahoo Finance: Lockheed Martin Says Record Backlog Will Fuel Sales Growth for Years to Come
• Positive Sentiment: Management highlighted expanding munitions production and broader defense demand, which should support future growth as the Pentagon replenishes weapons stockpiles. WSJ: Lockheed Martin Raises Full-Year Outlook on Continued Expansion of Munitions Production
• Neutral Sentiment: Lockheed also unveiled new missile-defense technology and continued investing ahead of contract awards, a strategic move that could help growth but adds some execution risk. Benzinga: Lockheed Isn’t Waiting For Pentagon Orders Anymore
• Negative Sentiment: Some analysts still caution that execution needs to stay consistent, so future gains may depend on whether management can keep deliveries, margins, and production ramp-ups on track. Yahoo Finance: Lockheed Martin Posted Strong Q2 Results but Execution Remains Key, RBC Says

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Weiss Ratings lowered shares of Lockheed Martin from a “hold (c+)” rating to a “hold (c)” rating in a report on Friday, July 17th. Bank of America cut their target price on Lockheed Martin from $660.00 to $600.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. UBS Group reiterated a “neutral” rating and issued a $581.00 target price on shares of Lockheed Martin in a report on Friday. Wells Fargo & Company set a $575.00 price target on Lockheed Martin in a research note on Wednesday, July 8th. Finally, DZ Bank upgraded shares of Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $624.94.

About Lockheed Martin

Lockheed Martin Corporation (NYSE: LMT) is a global aerospace and defense company that designs, develops and manufactures advanced technology systems for government and commercial customers. Formed through the 1995 merger of Lockheed Corporation and Martin Marietta, the company is headquartered in Bethesda, Maryland, and focuses on providing integrated solutions across air, space, land and sea domains. Its primary customers include the U.S. Department of Defense, NASA and allied governments around the world.

Lockheed Martin’s product and service portfolio spans military aircraft, missile and fire-control systems, missile defense, space systems and satellite technologies, sensors and precision weapons.