LMTLockheed Martin Corporation
- Next report
- No date yet
- none in the next 8 weeks
- Last result
- $7.97Beat
- vs $7.49 expected on Oct 22
- Stock move on it
- +6.96%
- one session
- Typical move
- ±4.0%
- average over 2 reports
- Price
- $604.09
- −0.98% today · $131B cap
Past and upcoming reports
2
| Oct 22, 2026 | Sep 30, 2026 | Time not given | $7.49 | Beat$7.97 | +6.96% |
| Jul 21, 2026 | Jun 30, 2026 | Time not given | $7.14 | Beat$7.29 | +0.95%2d |
After the report
Jul 21, 2026 report
This covers the Jul 21, 2026 report. The Oct 22, 2026 numbers are in the table above.
Record backlog fuels post-earnings breakout
Lockheed Martin reported Q2 2026 EPS of $7.29, in-line with consensus estimate of $7.22 ($0.07 beat, +0.97% surprise). The stock rallied 2.46% on the day to $582.60, extending a post-earnings breakout driven by record backlog commentary. Management highlighted a strong future revenue pipeline, offsetting near-term EPS weakness. Valuation remains attractive (P/E 21.5 vs sector 39), supporting a constructive stance despite mixed momentum signals.
Reported against expected
BeatQ2 EPS $7.29 vs estimated $7.22, in-line beat of +0.97% ($0.07 surprise).
Guidance
Positive: record backlog underpins future revenue visibility. management emphasized multi-year program strength.
How the stock reacted
+2.46% on Jul 24 to $582.60, following a 10.38% spike the prior day (post-earnings breakout). RSI at 71.53 (overbought).
What changed
EPS +0.97% surprise, record backlog drives re-rate.
What the price now assumes
Valuation discount (P/E 21.5 vs 39 sector) justifies breakout. backlog de-risks growth.
What it means for the business
Upgrade bias on backlog. monitor F-35 deliveries and interceptor milestones.
The next one to three months, as we saw it then
Better case40%
Record backlog converts to revenue faster than expected. defense budget tailwinds accelerate bookings.
Base case45%
Steady execution: backlog conversion in line, moderate revenue growth, stable margins.
Worse case15%
Interceptor program cost overruns or F-35 delays. geopolitical risk curtails international orders.
If you hold it
Hold unless next-quarter revenue misses guidance materially or customer concentration risk worsens.
If you are watching
Add only if next-quarter guidance is reiterated or raised. avoid if guidance is cut or geopolitical risk escalates.
Scenario odds are a judgement, not measured.