Is Lockheed Martin (LMT) Stock a Buy After a Record-Breaking Quarter?

TLDR

• Lockheed Martin beat Q2 earnings estimates with EPS of $7.94 vs. the $7.09 consensus
• Revenue rose 11% year over year to $20.06 billion, topping the $19.34 billion estimate
• The company secured $65 billion in new orders, pushing its backlog to an all-time high of $230 billion
• Full-year EPS guidance raised to $29.95–$30.65; sales outlook lifted to $79.75–$81.75 billion
• LMT stock was flat at $568.60 in premarket trading Friday after surging on Thursday

Lockheed Martin (LMT) delivered a clean Q2 earnings beat on Thursday, and the numbers gave Wall Street plenty to work with.

Lockheed Martin Corporation, LMT

The defense giant posted GAAP diluted EPS of $7.94, clearing the analyst consensus of $7.09 by a wide margin. Revenue came in at $20.06 billion, up 11% year over year and ahead of the $19.34 billion Wall Street had penciled in.

The stock surged Thursday on the results, though LMT still sits about 17% below its year-to-date high heading into Friday’s session. Premarket trading had the stock flat at $568.60.

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