Why did Lockheed Martin (NYSE:LMT) sales increase?

Lockheed Martin (NYSE:LMT) reported growth across all four business segments, supported by higher F-35 activity and increased missile production. Total sales rose 11% to $20.1 billion.

What were Lockheed Martin’s (NYSE:LMT) earnings and cash flow?

Lockheed Martin (NYSE:LMT) reported net earnings of $1.8 billion and diluted EPS of $7.94. Operating cash flow reached $3.2 billion, while free cash flow was $2.9 billion.

What does Lockheed Martin’s (NYSE:LMT) $230 billion backlog mean?

Lockheed Martin (NYSE:LMT) ended the quarter with $230 billion of contracted future work after booking $65 billion in new orders. Backlog indicates potential future revenue, although timing depends on contract execution and funding.

What is Lockheed Martin’s (NYSE:LMT) THAAD contract?

Lockheed Martin (NYSE:LMT) received a multi-year contract worth up to $35 billion from the Missile Defense Agency for THAAD interceptors. The company said the agreement supports increased production capacity.

What is Lockheed Martin’s (NYSE:LMT) 2026 guidance?

Lockheed Martin (NYSE:LMT) expects sales of $79.75 billion–$81.75 billion, segment operating profit of $8.5 billion–$8.7 billion and EPS of $29.95–$30.65. The company forecasts free cash flow of $7.0 billion–$7.2 billion.

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Lockheed Martin sales jump 11% to $20.1 billion

Written by Mahathir BayenaPublished Jul 23, 2026, 10:56 AM

Lockheed Martin reported second-quarter sales of $20.1 billion, up 11%, with diluted EPS reaching $7.94.
Lockheed Martin shares rose 6.1% to $545.76 in premarket trading following the results.
The company raised its 2026 outlook after receiving $65 billion in orders and building a record $230 billion backlog.

Lockheed Martin (NYSE:LMT) reported second-quarter sales of $20.1 billion, up 11%, with net earnings of $1.8 billion and EPS of $7.94.

Sales exceeded the $19.3 billion analyst estimate, while prior-year EPS was $1.46 after significant program charges.

Business segment operating profit reached $2.2 billion, while $65 billion in new orders lifted backlog to a record $230 billion.

Following the announcement, Lockheed Martin's share price was up 6.1% at $545.76 in premarket trading.

A $35 billion THAAD agreement supported backlog, while Missiles and Fire Control sales increased 19% to $4.10 billion.

Lockheed Martin said it now expects 2026 sales of $79.75 billion–$81.75 billion and diluted EPS of $29.95–$30.65.

Lockheed Martin sales jump 11% to $20.1 billion

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