Lockheed Martin

LMT · Industrials · Market cap $129B

Q2 FY26 Jun 28, 2026 reported Jul 23, 2026

Revenue$20.1B +11% year over year

Gross profit$2.4B

Operating profit$2.5B

Net profit$1.8B 9% margin

Numbers and detail

All figures in billions of U.S. dollars, for Q2 FY26 (period ends Jun 28, 2026).
Item	Value	Share of revenue	Year over year
Revenue	20.1	100%	+11%
Aeronautics	8.1	40%	+9%
Rotary and Mission Systems	4.4	22%	+9%
Missiles and Fire Control	4.1	20%	+19%
Space	3.5	17%	+6%
Cost of revenue	−17.6	88%
Gross profit	2.4	12% margin	+8pp
Operating profit	2.5	12% margin	+8pp
Tax	−0.4
Interest & other costs	−0.3
Net profit	1.8	9%	+7pp

All figures in billions of U.S. dollars, for Q1 FY26 (period ends Mar 29, 2026).
Item	Value	Share of revenue	Year over year
Revenue	18	100%	+0%
Aeronautics	7	39%	−1%
Rotary and Mission Systems	4	22%	−8%
Missiles and Fire Control	3.6	20%	+8%
Space	3.4	19%	+7%
Cost of revenue	−15.9	88%
Gross profit	2.1	12% margin	−1pp
Operating expenses	−0	0%	+0pp
Operating profit	2.1	11% margin	−2pp
Tax	−0.3
Interest & other costs	−0.3
Net profit	1.5	8%	−1pp

All figures in billions of U.S. dollars, for Q4 FY25 (period ends Dec 31, 2025).
Item	Value	Share of revenue	Year over year
Revenue	20.3	100%	+9%
Aeronautics	8.5	42%	+6%
Rotary and Mission Systems	4.6	23%	+8%
Missiles and Fire Control	4	20%	+18%
Space	3.2	16%	+8%
Cost of revenue	−18	89%
Gross profit	2.3	11% margin	+8pp
Operating profit	2.3	11% margin	+8pp
Tax	−0.2
Interest & other costs	−0.8
Net profit	1.3	7%	+4pp

All figures in billions of U.S. dollars, for Q3 FY25 (period ends Sep 28, 2025).
Item	Value	Share of revenue	Year over year
Revenue	18.6	100%	+9%
Aeronautics	7.3	39%	+12%
Rotary and Mission Systems	4.4	24%	+0%
Missiles and Fire Control	3.6	19%	+14%
Space	3.4	18%	+9%
Cost of revenue	−16.4	88%
Gross profit	2.2	12% margin	+0pp
Operating profit	2.3	12% margin	+0pp
Tax	−0.4
Interest & other costs	−0.3
Net profit	1.6	9%	−1pp

Quarter by quarter

Pick a quarter and the diagram above changes. Bars compare revenue across the quarters we hold.

Quarter	Period	Reported	Revenue	Year over year	Operating margin	Net profit	Net margin
Q2 FY26	Jun 28, 2026	Jul 23, 2026	$20.1B	+11%	12%	$1.8B	9%
Q1 FY26	Jan 1 – Mar 29, 2026	Apr 23, 2026	$18B	+0%	12%	$1.5B	8%
Q4 FY25	Sep 29 – Dec 31, 2025	Jan 29, 2026	$20.3B	+9%	11%	$1.3B	7%
Q3 FY25	Jun 30 – Sep 28, 2025	Oct 21, 2025	$18.6B	+9%	12%	$1.6B	9%