# Lockheed Martin (LMT) — Earnings

LMT · NYSE · Stock

Canonical page: https://www.lighthorse.io/tickers/lmt/earnings

## Most recent quarter

| Metric | Value |
| --- | --- |
| Fiscal period | Q2 2026 |
| Period end | Jun 28, 2026 |
| EPS actual | $7.94 |
| EPS estimate | $7.19 |
| EPS surprise | +10.36% |
| Revenue surprise | +3.74% |
| Revenue | $20.1B |
| Revenue estimate | $19.3B |
| Reported | Jul 23, 2026 |
| SEC filing | [View filing](https://www.sec.gov:443/Archives/edgar/data/936468/000162828026049411/lmt-20260628.htm) |
| Earnings call | [Transcript](http://o.thsi.cn/dc-d-stock-america.teleconference/0b0641f0-b381-f4e5-5c42-172fe00e5475.html) |

Lockheed Martin reported Q2 2026 results on July 23, 2026. Earnings per share came in at $7.94, ahead of the $7.19 estimate by 10.36%. Revenue was $20.1 billion against a $19.3 billion consensus, 3.74% above. EPS was more than five times the $1.46 of Q2 2025, and revenue rose about 10% from $18.2 billion.

The longer record is uneven. Most quarters land between about $6 and $8 per share. Three fell far short and missed the estimate by 38% or more: Q2 2022 at $1.16, Q4 2024 at $2.22 and Q2 2025 at $1.46. Annual EPS was $22.26 in 2022, $27.83 in 2023, $22.50 in 2024 and $21.49 in 2025. Revenue grew each year, from $66.0 billion in 2022 to $75.1 billion in 2025. The first half of 2026 adds up to $14.38 per share, about 65% more than a year earlier. Q2 2026 is the highest EPS quarter in the table. Over the last 20 quarters, Lockheed Martin beat the EPS estimate 15 times.

Lockheed Martin reported Q3 between October 17 and October 26 in each of the past five years. That points to the second half of October 2026 for the next report.

## Earnings history

| Fiscal period | Report date | EPS estimate | EPS actual | Surprise | Revenue estimate | Revenue actual |
| --- | --- | --- | --- | --- | --- | --- |
| Q2 2026 | Jul 23, 2026 | $7.19 | $7.94 | 10.36% | $19.3B | $20.1B |
| Q1 2026 | Apr 23, 2026 | $6.74 | $6.44 | -4.42% | $18.2B | $18.0B |
| Q4 2025 | Jan 29, 2026 | $5.81 | $5.80 | -0.24% | $19.9B | $20.3B |
| Q3 2025 | Oct 21, 2025 | $6.38 | $6.95 | 8.87% | $18.6B | $18.6B |
| Q2 2025 | Jul 22, 2025 | $6.52 | $1.46 | -77.60% | $18.6B | $18.2B |
| Q1 2025 | Apr 22, 2025 | $6.34 | $7.28 | 14.88% | $17.8B | $18.0B |
| Q4 2024 | Jan 28, 2025 | $6.62 | $2.22 | -66.48% | $18.9B | $18.6B |
| Q3 2024 | Oct 22, 2024 | $6.50 | $6.84 | 5.31% | $17.4B | $17.1B |
| Q2 2024 | Jul 23, 2024 | $6.46 | $7.11 | 10.10% | $17.0B | $18.1B |
| Q1 2024 | Apr 23, 2024 | $5.82 | $6.33 | 8.77% | $16.0B | $17.2B |
| Q4 2023 | Jan 23, 2024 | $7.27 | $7.90 | 8.62% | $18.0B | $18.9B |
| Q3 2023 | Oct 17, 2023 | $6.67 | $6.77 | 1.53% | $16.7B | $16.9B |
| Q2 2023 | Jul 18, 2023 | $6.45 | $6.73 | 4.41% | $15.9B | $16.7B |
| Q1 2023 | Apr 18, 2023 | $6.00 | $6.43 | 7.12% | $15.0B | $15.1B |
| Q4 2022 | Jan 24, 2023 | $7.41 | $7.79 | 5.10% | $18.3B | $19.0B |
| Q3 2022 | Oct 18, 2022 | $6.66 | $6.87 | 3.19% | $16.6B | $16.6B |
| Q2 2022 | Jul 19, 2022 | $1.88 | $1.16 | -38.27% | $16.0B | $15.4B |
| Q1 2022 | Apr 19, 2022 | $6.21 | $6.44 | 3.73% | $15.6B | $15.0B |
| Q4 2021 | Jan 25, 2022 | $7.16 | $7.47 | 4.39% | $17.7B | $17.7B |
| Q3 2021 | Oct 26, 2021 | $1.97 | $2.21 | 11.93% | $17.1B | $16.0B |

## Frequently Asked Questions

### When did Lockheed Martin (LMT) last report earnings?

Lockheed Martin last reported on Jul 23, 2026, covering fiscal Q2 2026.

### Did LMT beat earnings estimates?

Yes. Lockheed Martin reported EPS of $7.94 for Q2 2026 against a $7.19 estimate — a 10.36% beat.

### How much revenue did LMT report last quarter?

Lockheed Martin reported $20.1B in revenue for Q2 2026, against a consensus estimate of $19.3B.

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Earnings figures may be restated, revised or corrected by the issuer. Past results do not indicate future performance.

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Data provided by [AInvest](https://www.ainvest.com).