Lockheed Martin raises 2026 outlook after Q2 earnings beat, shares climb

Seeking Alpha ·

Lockheed Martin ( LMT ) raised its full-year financial outlook after reporting stronger-than-expected second-quarter results, driven by broad-based sales growth across its defense businesses and a surge in missile production that helped push its backlog to a record level.

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Lockheed Martin (LMT) raised its full-year 2026 earnings guidance, driven by strong Q2 results, sending its stock higher. Broad-based revenue growth in the defense segment and a surge in missile production drove a record backlog. This performance demonstrates the solid fundamentals of the defense industry amid geopolitical tensions. Investors should pay attention to the continuous order momentum in the defense sector.

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