The defense contractor reported Q2 GAAP EPS of $7.94, exceeding expectations by $0.74 amid strong revenue growth.
Lockheed Martin posted Q2 GAAP earnings per share of $7.94, surpassing estimates by $0.74. Revenue reached $20.06 billion, up 10.5% year-over-year and $730 million above forecasts.
The company’s backlog hit a record $230 billion, including a multi-year THAAD interceptor contract. Analysts had projected FY26 net sales of $79.13 billion, reflecting ongoing demand for defense systems.
Shares may react positively to the earnings beat and revenue growth, though market impact will depend on broader sector trends.