- Lockheed Martin reported second-quarter earnings of $7.94 per share on $20.1 billion in sales, surpassing analyst expectations of $7.23 per share and $19.4 billion in sales.
- Profits for the quarter surged 444% year-over-year as the company moved past previous program losses in its Aeronautics and Rotary and Mission Systems divisions.
- Free cash flow improved dramatically, reaching $2.9 billion compared to a negative $150 million in the same period last year.
- The company increased its full-year 2026 sales guidance to approximately $80.8 billion and raised its earnings forecast to a range of $29.95 to $30.65 per share.
Quotes
“Lockheed Martin exceeded all expectations for Q2 earnings.”
“Lockheed is doing its darnedest to prove out my optimism about the stock.”