LMT financials
Lockheed Martin Corporation · end-of-day data as of Oct 16, 2026
Lockheed Martin Corporation
$552.09-4.7%
Hold · 24 analystsPT $624.95 +13.2%
LMT reported revenue of $20.06B for the quarter ended Jun 28, 2026 (Q2 FY2026), up 10.5% from a year earlier. It posted diluted EPS of $7.94, free cash flow of $2.92B and a net margin of 9.2%.
Valuation
- P/E20.3x
- P/E vs own-17.1%
- P/E vs sector-28.6%
- FCF yield+6.9%
- Market cap$127B
Quarterly results
Q2 FY2026: Revenue +10.5% year over year, free cash flow 14.5% of revenue, operating margin 12.4%.
RevenueFree cash flow
| Q2 FY2026 | Jun 28, 2026 | $20.06B | 7.94 | $2.92B | 12.2% | 12.4% | 9.2% |
| Q1 FY2026 | Mar 29, 2026 | $18.02B | 6.44 | -$291M | 11.5% | 11.4% | 8.3% |
| Q4 FY2025 | Dec 31, 2025 | $20.33B | 5.80 | $2.76B | 11.4% | 11.5% | 6.6% |
| Q3 FY2025 | Sep 28, 2025 | $18.61B | 6.95 | $3.35B | 12.0% | 12.3% | 8.7% |
| Q2 FY2025 | Jun 29, 2025 | $18.16B | 1.46 | -$150M | 4.0% | 4.1% | 1.9% |
| Q1 FY2025 | Mar 30, 2025 | $17.96B | 7.28 | $955M | 12.9% | 13.2% | 9.5% |
| Q4 FY2024 | Dec 31, 2024 | $18.62B | 2.22 | $441M | 3.7% | 3.7% | 2.8% |
| Q3 FY2024 | Sep 29, 2024 | $17.1B | 6.80 | $2.08B | 12.4% | 12.5% | 9.5% |
| Q2 FY2024 | Jun 30, 2024 | $18.12B | 6.85 | $1.51B | 12.2% | 11.9% | 9.1% |
| Q1 FY2024 | Mar 31, 2024 | $17.2B | 6.39 | $1.26B | 11.6% | 11.8% | 9.0% |
| Q4 FY2023 | Dec 31, 2023 | $18.87B | 7.58 | $1.66B | 12.2% | 12.1% | 9.9% |
| Q3 FY2023 | Sep 24, 2023 | $16.88B | 6.73 | $2.53B | 12.1% | 12.1% | 10.0% |