Lockheed Martin Stock Surges After Strong Q2 Earnings and Raised Guidance
Lockheed Martin (NYSE: LMT) stock surged 9% on July 23, 2026, after reporting better-than-expected Q2 earnings. The defense contractor earned $7.94 per share on $20.1 billion in sales, beating analyst estimates of $7.23 per share on $19.4 billion in sales. Sales grew 11% year-over-year, while profits surged 444% from a weak prior year that was burdened by losses on a classified program and helicopter programs. Free cash flow improved dramatically from negative $150 million to positive $2.9 billion. The company raised its full-year guidance, now expecting sales of approximately $80.8 billion, earnings between $29.95 and $30.65 per share, and free cash flow of $7 billion to $7.2 billion. The article notes the stock trades at about 16.5x free cash flow and offers a near-3% dividend yield, suggesting it remains attractively valued despite the rally.
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