Lockheed Martin (LMT) beat expectations in Q2 FY2026 on revenue of $20.1B versus the $19.3B estimate (+10.5% YoY) and EPS of $7.94. The next Lockheed Martin (LMT) earnings date is Oct 20, 2026. Below is the full Lockheed Martin earnings breakdown — the risk-adjusted verdict, price forecast, technicals, options and hedge-fund 13F holdings, decoded in plain English.
Lockheed Martin (LMT) Earnings Analysis — key stats
Next earnings date
Oct 20, 2026
Latest reported quarter
Q2 FY2026
Earnings verdict
Beat
EPS beat rate
4 of last 8 (quarters above estimate)
Avg next-day move
±7.2% (over the last 8 reports)
Post-earnings direction
Up 3 / Down 5 (of the last 8 reports)
Implied move (next report)
±11.6% (options-derived · into Oct 20, 2026)
Institutional ownership
82.1% (13F as of 2026-06-30)
Top 10 holders
46.8% (of shares outstanding)
Insider activity
1 buys / 11 sells (recent Form 4 filings)
Revenue
$20.1B (vs $19.3B est · +3.7% surprise · +10.5% YoY)
EPS
$7.94 (vs $7.22 est · +10.0% surprise · +446.6% YoY)
Share price
$564.14 (+0.1%)
Market cap
$130.2B
Lockheed Martin (LMT) Earnings Analysis — beat / miss history
Quarter
Revenue
EPS
EPS surprise
Next-day move
Verdict
Q3 FY2026
$20.1B vs $19.3B est
$7.94 vs $7.22 est
+10.0%
+13.3%
Beat
Q2 FY2026
$18.0B vs $18.2B est
$6.44 vs $6.74 est
-4.5%
-7.6%
Mixed
Q1 FY2026
$20.3B vs $18.7B est
$5.80 vs $7.07 est
-18.0%
+6.2%
Mixed
Q4 FY2025
$18.6B vs $18.6B est
$6.95 vs $6.38 est
+8.9%
-3.7%
Mixed
Q3 FY2025
$18.2B vs $18.6B est
$1.46 vs $6.52 est
-77.6%
-8.9%
Miss
Q2 FY2025
$18.0B vs $17.8B est
$7.28 vs $6.34 est
+14.8%
+1.1%
Mixed
Q1 FY2025
$18.6B vs $18.9B est
$2.22 vs $6.61 est
-66.4%
-9.8%
Mixed
Q4 FY2024
$17.1B vs $17.4B est
$6.80 vs $6.50 est
+4.6%
-7.1%
Mixed
Top institutional holders
Holder
% outstanding
Shares
Value
QoQ change
State Street Corp
14.3%
33.0M
$16.8B
+1.3%
Blackrock, INC.
8.2%
18.9M
$9.6B
+5.9%
Vanguard Capital Management LLC
6.2%
14.2M
$7.2B
+0.7%
Sixth Street Partners Management Company, L.P.
3.4%
7.8M
$4.0B
+100.0%
Charles Schwab Investment Management INC
3.4%
7.8M
$4.0B
+9.1%
Ci Private Wealth, LLC
3.1%
7.1M
$99.2M
+3983.3%
Morgan Stanley
2.5%
5.7M
$2.9B
+0.7%
Vanguard Portfolio Management LLC
2.4%
5.6M
$2.8B
+4.3%
Geode Capital Management, LLC
2.3%
5.2M
$2.7B
+2.8%
Invesco Ltd.
1.1%
2.4M
$1.2B
+23.8%
Recent insider transactions
Insider
Role
Date
Type
Shares
Value
Donovan John
director
2026-08-13
Sell
120
—
Donovan John
director
2026-08-13
Sell
204
—
Donovan John
director
2026-08-13
Sell
212
—
Donovan John
director
2026-08-13
Sell
469
—
Donovan John
director
2026-08-13
Sell
631
—
Donovan John
director
2026-08-13
Sell
2K
—
Lightfoot Robert M JR
officer: President Space
2026-08-11
Sell
846
—
Lightfoot Robert M JR
officer: President Space
2026-08-11
Sell
2K
—
What you'll find
Next Lockheed Martin (LMT) earnings date, the expected move and the estimates priced in
A clear Beat / Miss / In-line / Mixed verdict the moment Lockheed Martin reports
Revenue & EPS versus estimates, guidance and segment trends
Multi-lens price forecast — analyst, quant, technical and options views
Deep research: red flags, risk decoder and earnings-call sentiment
Technicals, options / implied volatility and unusual-activity signals
Hedge-fund and legendary-investor 13F holdings in Lockheed Martin (LMT)
Side-by-side peer and historical earnings comparison
Frequently asked questions
When is Lockheed Martin's next earnings date?
Lockheed Martin's (LMT) next scheduled earnings date is Oct 20, 2026. Magnisto shows the confirmed date, the options-implied expected move and the revenue and EPS estimates Wall Street is modeling into the report.
Did Lockheed Martin (LMT) beat or miss earnings?
In Q2 FY2026, Lockheed Martin (LMT) posted beat results — revenue of $20.1B versus the $19.3B estimate (+3.7% surprise) and EPS of $7.94 versus $7.22 expected (+10.0% surprise). Magnisto decodes every Lockheed Martin (LMT) report into a clear Beat, Miss, In-line or Mixed verdict and checks whether guidance was raised, held or cut.
How often does Lockheed Martin beat earnings estimates?
Over its last 8 reported quarters, Lockheed Martin (LMT) beat Wall Street EPS estimates 4 times, most recently a beat result in Q3 FY2026. Magnisto tracks every Lockheed Martin (LMT) quarter's revenue and EPS versus consensus and grades each one Beat, Miss, In-line or Mixed at a unified ±2% threshold.
How much does Lockheed Martin stock move after earnings?
Over its last 8 quarterly reports, Lockheed Martin (LMT) moved an average of ±7.2% the day after earnings — ranging from -9.8% (Q1 FY2025) to +13.3% (Q3 FY2026). The stock rose after 3 of those 8 reports and fell after 5. Heading into its next report on Oct 20, 2026, options-implied volatility is pricing in a move of roughly ±11.6% (derived). Magnisto tracks the realized post-earnings move for every Lockheed Martin (LMT) quarter alongside the beat/miss verdict — past moves don't predict the next one.
Who are the largest shareholders of Lockheed Martin?
Institutions hold about 82.1% of Lockheed Martin's (LMT) shares outstanding as of the 2026-06-30 13F quarter. Its largest institutional holders include State Street Corp (14.3%), Blackrock, INC. (8.2%), Vanguard Capital Management LLC (6.2%). Magnisto lists Lockheed Martin's (LMT) top 13F holders with each stake size and its quarter-over-quarter change.
Are insiders buying or selling Lockheed Martin (LMT)?
In the most recent Form 4 filings Magnisto tracks, Lockheed Martin (LMT) insiders recorded 1 purchase and 11 sales — net selling. Insider transactions are one signal among many and are often routine (option exercises or scheduled 10b5-1 sales), so Magnisto shows the raw feed for you to judge.
What is the forecast for Lockheed Martin (LMT) stock?
Magnisto blends analyst price targets, quantitative research, technical trend and options-implied moves into a scenario range for Lockheed Martin (LMT), anchored to the current $564.14 share price, so you can weigh the bull, base and bear cases for Lockheed Martin side by side.
Is Lockheed Martin (LMT) a buy right now?
Magnisto does not give buy or sell tips. It gives you the institutional-grade evidence — the verdict, valuation, risks, technicals and hedge-fund 13F flows — so you can decide whether Lockheed Martin fits your own thesis and risk profile. This is research, not investment advice.