Lockheed Martin shares surged 11.30% intraday on the 23rd to $572.46, after Q2 revenue rose 11% year-over-year to $20.1 billion, beating market expectations. The figures were confirmed via an SEC Form 8-K filing.
📊 Price at time of writing (Jul 23, 2026, 23:09 KST)
$572.46 ▲ +11.30%
Q2 Results at a Glance
Lockheed Martin's Q2 revenue came in at $20.1 billion, up 11% from $18.2 billion in the same period last year. The growth was driven by higher revenue across nearly all segments, including missiles and fire control. Net income reached $1.8 billion, more than five times the $342 million reported a year earlier. Part of the jump reflects an easy comparison — Q2 last year included roughly $1.6 billion in non-cash charges tied to helicopter programs for Canada and Turkey, which had weighed on profit.
- Revenue: $20.1 billion, up 11% year-over-year
- Earnings per share (EPS): $7.94, sharply higher than $1.46 a year earlier (beat market estimates)
- Net income: $1.8 billion, more than 5x the $342 million reported a year earlier
- Free cash flow (operating cash flow minus capital expenditures): $2.9 billion
- Backlog (total value of contracts yet to be delivered): a record $230 billion
Full-Year Outlook
Alongside its earnings release, Lockheed Martin raised its full-year 2026 guidance. The company now expects annual revenue of $79.75 billion to $81.75 billion, up from its prior outlook of $77.5 billion to $80 billion. It also raised its full-year free cash flow guidance from $6.5 billion–$6.8 billion to $7.0 billion–$7.2 billion. CEO Jim Taiclet said, 'In the second quarter alone we booked $65 billion in new orders, pushing our backlog to a record $230 billion,' adding that 'confidence in our improving performance is what allowed us to raise our full-year outlook.'
Market Reaction
Lockheed Martin shares jumped after the earnings release, rising as much as 11.30% intraday on the 23rd to $572.46. Media outlets noted that the results beat market expectations. The Wall Street Journal reported that Lockheed Martin raised its full-year guidance on the back of expanded missile production. Yahoo Finance, StockStory and other outlets characterized the results as an earnings beat that topped Wall Street estimates.
Segment Breakdown
By segment, revenue grew at both Aeronautics and Missiles and Fire Control. The company attributed the growth to higher volumes across the board and expanded munitions production. Figures for the remaining segments, including Rotary and Mission Systems, were not disclosed in the filing.
- Aeronautics segment: $8.112 billion, up 9.3% year-over-year
- Missiles and Fire Control segment: $4.101 billion, up 19.5% year-over-year
This article was automatically generated based on the original SEC Form 8-K filing and media reports, with the goal of delivering key data quickly after the announcement. Readers are advised to consult the company's official filings before making trading decisions. Prices reflect the time this article was written and may differ from current levels.
