LMT Stock Soars as Lockheed Martin Raises Annual Forecast

Lockheed Martin (LMT) shares soared on Thursday after the defense and aerospace manufacturer came in handily above Street estimates for its fiscal Q2 and raised its guidance for the full year. Management now expects robust defense spending (globally) to boost its revenue to about $80.75 billion in 2026 on earnings per share (EPS) of at least $29.95.

Despite post-earnings gains, Lockheed Martin stock remains down about 17% versus its year-to-date high.