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Is Lockheed Martin Stock a Buy Before Q2 Earnings?

Lockheed Martin (LMT) is set to report Q2 2026 results with anticipated revenue growth driven by a robust defense backlog. However, margin recovery may take longer, raising questions about the stock's value ahead of the release.

July 20, 2026
2 min read
Source: Zacks
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Key Numbers

revenue growth
expected
backlog
strong

Lockheed Martin Corporation (NYSE: LMT) is heading into its second-quarter 2026 earnings release with expectations of revenue growth, underpinned by a strong defense backlog. However, margin recovery may take longer to materialize, leaving investors cautious ahead of the report.

Key Financial Metrics

MetricQ2 2026 (Expected)Q2 2025 (Actual)
RevenueGrowth expectedNot yet disclosed
Net IncomeNot yet disclosedNot yet disclosed
EPSNot yet disclosedNot yet disclosed

Note: Actual figures will be released with the official announcement.

Highlights from the Release

No official release yet, but expectations point to revenue benefiting from a strong backlog in defense contracts amid rising global military spending. On the flip side, margins may face pressure from higher material and labor costs.

Forward Guidance

Management is expected to provide guidance for Q3 and the full year, focusing on margin improvement in an inflationary environment.

Impact on the Stock

LMT currently trades at a P/E ratio of around 17x, below the sector average. A strong earnings beat could push the stock higher, while any miss on revenue or margins could weigh on the price.

What This Means for Investors

Ahead of the release, the stock remains under scrutiny. Investors are looking for clarity on revenue growth and margin stability. Close attention to future guidance is advised.

Frequently Asked Questions

The exact date has not been announced, but it is expected in late July 2026.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.