Earnings ·
Lockheed Martin reported second quarter 2026 sales of $20.1 billion, an 11% increase over the prior year
LMTLockheed Martin Corp
Lockheed Martin reported second quarter 2026 sales of $20.1 billion, an 11% increase over the prior year. Net earnings rose to $1.8 billion, or $7.94 per share, compared to $342 million, or $1.46 per share, in Q2 2025. The company achieved a record backlog of $230 billion, supported by a $35 billion multi-year contract with the Missile Defense Agency for THAAD. Free cash flow for the quarter was $2.9 billion. Management raised its full-year 2026 guidance, now projecting sales growth of approximately 8%, segment operating profit increase of 28%, and free cash flow exceeding $7 billion. The company operates in the aerospace and defense industry, providing global security and defense technology solutions.