Lockheed Martin

Q2 FY2026 EarningsQ2 FY2026 results significantly beat consensus across all major metrics: revenue reached $20.1B vs. $19.3B expected, and normalized EPS of $7.94 far exceeded the $7.18 consensus. The performance was driven by an 11% YoY sales increase and the absence of prior-year program losses. Management raised FY2026 revenue guidance to a midpoint of ~$80.8B and free cash flow to ~$7.1B, signaling strong confidence in 21st Century Security demand and munitions ramps.