What to Expect From Lockheed Martin’s Next Quarterly Earnings Report

Lockheed Martin Corporation (LMT) is one of the world's largest aerospace and defense companies, specializing in the design, development, and production of advanced military aircraft, missiles, missile defense systems, space technologies, and mission-critical technologies. The company also provides a broad range of defense, security, and aerospace solutions to the U.S. government and allied nations worldwide. Headquartered in Bethesda, Lockheed Martin operates across four primary business segments: Aeronautics, Missiles and Fire Control, Rotary and Mission Systems, and Space.

Currently valued at approximately $125.87 billion, Lockheed Martin is set to report its fiscal 2026 second-quarter results before the market opens on Thursday, July 23. Heading into the release, Wall Street expects the defense giant to post earnings of $7.28 per share, representing a marginal decline from the year-ago quarter. The company has a solid track record of outperforming expectations, having beaten analysts' bottom-line estimates in three of the last four quarters, with just one miss during that period.