Lockheed Martin (NYSE:LMT) Issues Earnings Results

Lockheed Martin (NYSE:LMT) released its quarterly earnings results on Thursday. The aerospace company reported $7.94 earnings per share for the quarter, beating the consensus estimate of $7.19 by $0.75, Zacks reports. The firm had revenue of $20.06 billion for the quarter, compared to analysts’ expectations of $19.34 billion. Lockheed Martin had a return on equity of 101.64% and a net margin of 6.38%.The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter last 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 Trading Up 11.4%

Lockheed Martin stock traded up $58.67 during mid-day trading on Thursday, hitting $573.03. The company’s stock had a trading volume of 1,585,785 shares, compared to its average volume of 1,561,359. The business has a 50 day moving average price of $521.47 and a 200-day moving average price of $572.63. The company has a debt-to-equity ratio of 2.74, a current ratio of 1.14 and a quick ratio of 0.94. Lockheed Martin has a 12 month low of $412.55 and a 12 month high of $692.00. The stock has a market cap of $132.12 billion, a price-to-earnings ratio of 27.74, a price-to-earnings-growth ratio of 0.91 and a beta of 0.11.

Lockheed Martin Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $13.80 annualized dividend and a yield of 2.4%. Lockheed Martin’s payout ratio is currently 66.83%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Morgan Stanley lowered their target price on shares of Lockheed Martin from $675.00 to $653.00 and set an “equal weight” rating on the stock in a research note on Friday, April 24th. Royal Bank Of Canada lowered their price objective on shares of Lockheed Martin from $650.00 to $575.00 and set a “sector perform” rating on the stock in a research report on Friday, April 24th. Wall Street Zen lowered shares of Lockheed Martin from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. DZ Bank raised Lockheed Martin from a “hold” rating to a “strong-buy” rating in a research note on Thursday, April 30th. Finally, TD Cowen lowered their price target on Lockheed Martin from $600.00 to $560.00 and set a “hold” rating on the stock in a research report on Monday, July 13th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $615.78.

Institutional Investors Weigh In On Lockheed Martin

Hedge funds and other institutional investors have recently modified their holdings of the stock. Cambient Family Office LLC bought a new stake in Lockheed Martin during the 4th quarter valued at $215,000. Mcguire Capital Advisors Inc. bought a new stake in Lockheed Martin in the 4th quarter worth $30,000. Compound Planning Inc. increased its position in shares of Lockheed Martin by 1.2% in the fourth quarter. Compound Planning Inc. now owns 4,132 shares of the aerospace company’s stock valued at $1,998,000 after acquiring an additional 48 shares during the period. First Growth Capital LLC bought a new position in shares of Lockheed Martin during the fourth quarter valued at about $212,000. Finally, Axxcess Wealth Management LLC raised its stake in shares of Lockheed Martin by 0.8% during the fourth quarter. Axxcess Wealth Management LLC now owns 8,550 shares of the aerospace company’s stock valued at $4,135,000 after acquiring an additional 66 shares during the last quarter. Institutional investors own 74.19% of the company’s stock.

Key Stories Impacting Lockheed Martin

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

• Positive Sentiment: Lockheed Martin beat Q2 expectations, reporting EPS of $7.94 versus estimates around $7.19 and revenue of $20.06 billion versus $19.34 billion expected, showing strong execution and demand. Lockheed Martin Reports Second Quarter 2026 Financial Results
• Positive Sentiment: The company raised its 2026 outlook, with guidance now above consensus for both EPS and revenue, signaling management confidence in continued defense spending and production growth. Reuters article
• Positive Sentiment: Lockheed Martin disclosed a record $230 billion backlog, supported by large missile and interceptor orders, which points to durable future revenue visibility. Benzinga article
• Positive Sentiment: Broader defense-sector strength is also helping sentiment, with peers like RTX moving higher on similar beat-and-raise results, reinforcing the market’s view that defense spending is trending favorably. 247WallSt article
• Neutral Sentiment: Lockheed also unveiled its PAC-3 ACE interceptor and continues expanding missile production, which may support long-term growth but is more of a strategic update than an immediate catalyst. Yahoo Finance article
• Negative Sentiment: Some analysts trimmed price targets and fair-value estimates, which could temper enthusiasm if investors worry the recent rally has run ahead of valuation. Yahoo Finance article

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.