Lockheed Martin Corp. (LMT) Financials
Key financial figures for Lockheed Martin Corp. (Q2 2026).
Lockheed Martin posted record Q2 2026 net sales of $20.1B (+11% YoY) and a record $230.4B backlog, and raised full-year 2026 guidance across sales, segment operating profit, EPS, and free cash flow. Net sales of $20,063M, up 11% year over year and a company record, with diluted EPS of $7.94 rebounding sharply from Q2 2025's $1.46 (which had absorbed $1.6B of reach-forward program losses); Q2 2026 recorded $0 in special/impairment charges. All four segments grew year over year: Aeronautics $8,112M, Missiles and Fire Control $4,101M, Rotary and Mission Systems $4,354M, and Space $3,496M. Blended segment operating margin was 10.8%, up from 10.1% in Q1 2026. Total backlog reached a record $230.4B, up from $186.4B in Q1 2026 on roughly $65B of new orders in the quarter. On the outlook: Lockheed Martin raised full-year 2026 guidance across the board: net sales to approximately $79.75-81.75B (from $77.5-80B), segment operating profit to approximately $8.5-8.7B (from $8.425-8.675B), diluted EPS to approximately $29.95-30.65 (from $29.35-30.25), and free cash flow to approximately $7.0-7.2B (from $6.5-6.8B). Figures are for Q2 2026, as Lockheed Martin Corporation reported them.
- Revenue
- $20.1B
- Net Income
- $1.8B
- EPS
- $7.98
- Total Assets
- $62.5B
- Operating Cash Flow
- $3.2B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $20.1B | $1.8B | $7.94 | 12.36% | $2.9B |
| Q1 FY2026 | $18.0B | $1.5B | $6.44 | 11.45% | -$291M |
| Q4 FY2025 | $20.3B | $1.3B | $5.80 | 11.47% | $2.8B |
| Q3 FY2025 | $18.6B | $1.6B | $6.95 | 12.25% | $3.3B |
| Q2 FY2025 | $18.2B | $342M | $1.46 | 4.12% | -$150M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $75.1B | $5.0B | $21.49 | 10.3% | $6.9B |
| FY2024 | $71.0B | $5.3B | $22.31 | 9.87% | $5.3B |
| FY2023 | $67.6B | $6.9B | $27.55 | 12.59% | $6.2B |
Frequently asked questions
What was Lockheed Martin Corporation's revenue last quarter?
Lockheed Martin Corporation reported revenue of $20.06 billion for Q2 FY2026, up 10.5% from the same period a year earlier.
Is Lockheed Martin Corporation profitable?
Yes. Lockheed Martin Corporation reported net income of $1.84 billion for Q2 FY2026, a net margin of 9.15% on revenue.
How has Lockheed Martin Corporation's margin trended?
Operating margin was 12.36% in Q2 FY2026, compared with 4.12% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
When does Lockheed Martin Corporation report next?
Lockheed Martin Corporation is scheduled to report results on 2026-10-20. The company has confirmed that date.
Full income statement, balance sheet and cash flow for Lockheed Martin Corp. on SentiSense, with up to forty quarters and twenty fiscal years of history.