Lockheed Martin (NYSE:LMT | LMT Price Prediction) closed the most recent session at $586.29, while the average Wall Street price target sits at $628.21.
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The company just inked a missile “mega” deal.
Recently, Zacks.com users have been paying close attention to Lockheed (LMT). This makes it worthwhile to examine what the stock has in store.
Lockheed Martin delivered robust Q2 results, beating expectations and raising full-year guidance amid surging global defense demand. LMT's record $230.4 billion backlog, driven by replenishment contracts and strong order flow, provides multi-year revenue visibility. Management forecasts accelerating growth across all segments, with 2026 revenue guided to $79.75–$81.75 billion and EPS to $29.95–$30.65.
Lockheed Martin is upgraded to Buy, driven by missile production expansion in PAC-3, THAAD, and PrSM as key growth catalysts. Q2 was strong: revenue rose 11% to $20.1 billion, free cash flow recovered to $2.9 billion, the backlog reached a record $230 billion, and management raised the annual forecast. The MFC segment stands out with 19% revenue and 24% profit growth; management targets mid-teens CAGR and significant capital investment through 2030.
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Lockheed Martin delivered accelerating organic growth, a record backlog, and raised guidance, supporting my buy rating after an 8.7% stock outperformance. LMT's Q2 results featured 7% underlying sales growth, strong free cash flow recovery, and a $230 billion backlog, but margin expansion remains limited. Missiles & Fire Control is the core growth engine, with new multi-year contracts enhancing volume and profit retention, while execution risks persist in scaling production.
Defense ETFs are gaining attention as solid Q2 earnings, rising military spending and escalating Middle East tensions strengthen the sector's outlook.
Lockheed Martin highlights record backlog, munitions growth and defense technology investments as it raises 2026 guidance.
Lockheed Martin NYSE: LMT reported what executives described as a strong second quarter of 2026, citing a record backlog, higher sales, improved earnings and a significant rebound in free cash flow. The defense contractor also raised its full-year outlook across key financial metrics, pointing to accelerating demand for munitions, F-35 aircraft, radar systems and space and missile defense programs.
Lockheed Martin delivered accelerating Q2 sales growth of 11% YoY, signaling effective capacity expansion and robust demand. The company raised full-year guidance, projecting 8% sales growth and maintaining a solid segment operating margin around 10.7%. Backlog reached $230 billion with a 3.2x book-to-bill ratio, underscoring sustained demand and future revenue visibility.