Lockheed Martin (LMT) Stock Surges on Stellar Q2 Results and $230B Record Backlog
Key TakeawaysLockheed Martin exceeded Q2 earnings projections with EPS of $7.94 compared to analyst expectations of $7.09Quarterly revenue climbed 11% year-over-year to $20.06 billion, surpassing the anticipated $19.34 billionNew contracts totaling $65 billion drove the order backlog to an unprecedented $230 billionAnnual EPS forecast increased to $29.95–$30.65 range; revenue projection elevated to $79.75–$81.75 billionShares traded flat at $568.60 in Friday premarket activity following Thursdays rally Lockheed Martin (LMT) impressed investors with strong second-quarter results released Thursday, providing substantial evidence of operational momentum. Lockheed Martin Corporation, LMT The aerospace and defense leader reported GAAP diluted earnings per share of $7.94, significantly exceeding the $7.09 consensus forecast. Quarterly revenue reached $20.06 billion, representing an 11% increase from the same period last year and beating expectations of $19.34 billion. Thursdays trading session saw shares jump following the announcement, although LMT remains approximately 17% off its 2026 peak entering Friday. The stock showed no movement in early morning trading, holding steady at $568.60. The quarters most impressive metric was the order backlog. Lockheed closed Q2 with an industry-leading $230.4 billion in committed orders — representing a $64 billion increase year-over-year. The firm achieved a remarkable 3.2-to-1 book-to-bill ratio, indicating $3.20 in new business secured for each dollar of recognized