Lockheed MartinLMTEarnings & Financial Report
The Lockheed Martin Corporation is an American defense and aerospace manufacturer. It is headquartered in North Bethesda, Maryland, United States. The company was formed by the merger of Lockheed Corporation with Martin Marietta on March 15, 1995.
Revenue
$18.1B
Gross Profit
$2.1B
Operating Profit
$2.1B
Net Profit
$1.6B
Gross Margin
11.8%
Operating Margin
11.9%
Net Margin
9.1%
YoY Growth
8.6%
EPS
$6.85
Lockheed Martin Q2 FY2024 Financial Summary
Lockheed Martin reported revenue of $18.1B (up 8.6% YoY) for Q2 FY2024, with a net profit of $1.6B (down 2.4% YoY) (9.1% margin). Cost of goods sold was $16.0B.
Key Financial Metrics
| Total Revenue | $18.1B |
|---|---|
| Net Profit | $1.6B |
| Gross Margin | 11.8% |
| Operating Margin | 11.9% |
| Report Period | Q2 FY2024 |
Revenue Breakdown
Lockheed Martin Q2 FY2024 revenue of $18.1B breaks down across 6 segments, led by U.S.Government at $4.9B (27.3% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| U.S.Government | $4.9B | 27.3% |
| Rotary And Mission Systems | $4.5B | 25.1% |
| Space | $3.2B | 17.6% |
| Missiles And Fire Control | $3.1B | 17.1% |
| Other | $2.3B | 12.7% |
| United States Commercial And Other | $39.0M | 0.2% |
Lockheed Martin Revenue by Segment — Quarterly Trend
Lockheed Martin revenue by segment across the last 4 reported quarters, showing how each business line (such as U.S.Government and Rotary And Mission Systems) has evolved quarter over quarter.
| Segment | Q1 FY2026 | Q4 FY2025 | Q3 FY2025 | Q2 FY2025 |
|---|---|---|---|---|
| U.S.Government | — | — | $4.7B | $4.6B |
| Rotary And Mission Systems | — | $4.6B | $4.4B | $4.0B |
| Space | $3.4B | — | $3.4B | $3.3B |
| Missiles And Fire Control | — | $4.0B | $3.6B | $3.4B |
| Other | — | $3.1B | $2.6B | $2.8B |
Lockheed Martin Annual Revenue by Year
Lockheed Martin annual revenue history includes year-by-year totals (for example, 2025 revenue was $75.0B).
| Year | Annual Revenue |
|---|---|
| 2025 | $75.0B |
| 2024 | $71.0B |
| 2023 | $67.6B |
| 2022 | $66.0B |
Lockheed Martin Quarterly Revenue & Net Profit History
Lockheed Martin results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q1 FY2026 | $18.0B | +0.3% | $1.5B | 8.3% |
| Q4 FY2025 | $20.3B | +9.1% | $1.3B | 6.6% |
| Q3 FY2025 | $18.6B | +8.8% | $1.6B | 8.7% |
| Q2 FY2025 | $18.2B | +0.2% | $342.0M | 1.9% |
| Q1 FY2025 | $18.0B | +4.5% | $1.7B | 9.5% |
| Q4 FY2024 | $18.6B | -1.3% | $527.0M | 2.8% |
| Q3 FY2024 | $17.1B | +1.3% | $1.6B | 9.5% |
| Q2 FY2024 | $18.1B | +8.6% | $1.6B | 9.1% |
Income Statement
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $18.12B | $17.10B | $18.62B | $17.96B | $18.16B | $18.61B | $20.32B | $18.02B |
| YoY Growth | 8.6% | 1.3% | -1.3% | 4.5% | 0.2% | 8.8% | 9.1% | 0.3% |
Balance Sheet
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $55.08B | $55.52B | $55.62B | $56.67B | $58.87B | $60.28B | $59.84B | $59.24B |
| Liabilities | $48.90B | $48.32B | $49.28B | $49.99B | $53.54B | $54.09B | $53.12B | $51.75B |
| Equity | $6.17B | $7.20B | $6.33B | $6.68B | $5.33B | $6.18B | $6.72B | $7.49B |
Cash Flow
| Q2 2024 | Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $1.88B | $2.44B | $1.02B | $1.41B | $201.0M | $3.73B | $3.22B | $220.0M |