Lockheed Martin Q2 2026: EPS $7.94 beats estimates, raises full-year guidance
Lockheed Martin reported Q2 2026 earnings per share of $7.94, up from $1.46 a year ago, exceeding estimates. Revenue of $20.06 billion beat the $19.33 billion consensus, and the company raised its full-year outlook.
Lockheed Martin reported strong Q2 2026 results, with EPS of $7.94 compared to $1.46 in the year-ago period. Net sales reached $20.06 billion, beating the $19.33 billion estimate. The company's backlog stood at $230.42 billion, up 38% year-over-year.
Aeronautics net sales were $8.11 billion (estimate $7.68 billion). Operating profit came in at $2.48 billion (estimate $2.33 billion). F-35 deliveries totaled 19 units in the quarter.
For the full year, Lockheed Martin raised guidance: EPS now seen at $29.95-$30.65 (prev. $29.35-$30.25), business operating profit $8.50-$8.70 billion, net sales $79.75-$81.75 billion (est. $79.13 billion), free cash flow $7.00-$7.20 billion (prev. $6.50-$6.80 billion), and cash flow from operations $9.20-$9.40 billion (est. $8.87 billion).
Source: First Squawk