Lockheed Martin's Q2 2026 results demonstrate accelerating revenue growth of 10.5% YoY to $20.1B, supported by a record $230B backlog and $65B in new orders, providing multi-year visibility. However, the company's thin gross margin of 12.2% and elevated debt-t...
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Revenue accelerated 10.5% YoY to $20.1B in Q2 2026, with gross margin at 12.2% and EPS of $7.94 beating estimates by $0.48, though margins remain thin and volatile due to program charges.
Lockheed Martin reported strong first-quarter results, contributing to a 33.35% stock appreciation since April 2025.
The company maintains a $173 billion backlog, indicating sustained demand and future revenue visibility.
Lockheed Martin has shown improved segment margins, reflecting better operational efficiency and profitability.
Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).
Check whether operating performance supports the current valuation.
Recent results and news deserve attention only when they alter the forward view.
| Quarter | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|
Q3 2026Latest Jul 23, 2026 | $7.94+10.0% vs $7.22 | $20.1B+3.7% vs $19.3B |
Q2 2026 Apr 23, 2026 | $6.44-4.5% vs $6.74 | $18.0B-1.1% vs $18.2B |
Q1 2026 Jan 29, 2026 | $5.80-18.0% vs $7.07 | $20.3B+8.6% vs $18.7B |
Q4 2025 Oct 21, 2025 | $6.95+8.9% vs $6.38 | $18.6B+0.3% vs $18.6B |
Aerospace and defense shares are trading lower Tuesday morning after a Reuters report that Iran has offered to reopen the Strait of Hormuz within seven days if the U.S. takes initial steps toward easing military pressure.
Despite being one of the most recognizable names in the U.S. military-industrial complex at a time when the nation is fighting a war, Lockheed Martin (NYSE: LMT) stock has underperformed the major market indices so far in 2026.
Lockheed Martin said on Monday it had secured a contract worth up to $1.2 billion from the US Army to produce the Increment 2 variant of the Precision Strike Missile (PrSM).
New PrSM demonstrates moving target engagement expanding the U.S. Army's mission set DALLAS, Sept. 21, 2026 /PRNewswire/ -- The U.S. Army has awarded Lockheed Martin (NYSE:LMT) an indefinite delivery, indefinite quantity (IDIQ) contract worth up to $1.2 billion to produce Increment 2 of the Precision Strike Missile (PrSM), further strengthening the nation's Arsenal of Freedom after a second flight test demonstrated the missile's ability to engage moving maritime targets.
Benchmark LMT against direct peers instead of judging its metrics in isolation.
Key metrics vs top competitors for Lockheed Martin Corporation (LMT)
| Company | Price | Market Cap | P/E Ratio | Rev Growth (1Y) | Net Margin | ROE | Div Yield |
|---|---|---|---|---|---|---|---|
| $522.34 | $120.55B | 24.31 | 5.65% | 6.68% | 76.87% | 2.58% | |
| $190.99 | $257.41B | 38.51 | 9.74% | 8.28% | 11.48% | — | |
| $509.86 | $72.43B | 17.53 | 2.24% | 10.48% | 26.58% | — | |
| $343.39 | $92.91B | 22.21 | 10.13% | 8.18% | 17.43% | — | |
| $197.72 | $156.27B | 79.73 | 34.5% | 2.59% | 104.66% | — | |
| $239.89 | $44.69B | 28.12 | 2.53% | 8.17% | 9.41% | — |
Lockheed Martin Corporation (LMT) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Verify the primary filings, follow material updates, and answer the remaining questions.
Lockheed Martin Corporation (LMT) SEC filings — annual & quarterly reports (10-K, 10-Q)
Jul 23, 2026·SEC
May 13, 2026·SEC
Apr 23, 2026·SEC
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Lockheed Martin Corporation (LMT) stock FAQ — growth, dividends, profitability & financials explained
Lockheed Martin Corporation (LMT) reported $77.02B in revenue for fiscal year 2025. This represents a 187% increase from $26.88B in 1996.
Lockheed Martin Corporation (LMT) grew revenue by 5.7% over the past year. This is steady growth.
Yes, Lockheed Martin Corporation (LMT) is profitable, generating $6.29B in net income for fiscal year 2025 (6.7% net margin).
Yes, Lockheed Martin Corporation (LMT) pays a dividend with a yield of 2.58%. This makes it attractive for income-focused investors.
Lockheed Martin Corporation (LMT) has a return on equity (ROE) of 76.9%. This is excellent, indicating efficient use of shareholder capital.
Lockheed Martin Corporation (LMT) generated $8.73B in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
