Jim Cramer Calls Lockheed Martin (LMT) Stock “Sensational” After Record-Breaking Quarter

TLDR

• Jim Cramer called LMT “sensational” on CNBC’s Mad Money, citing strong fundamentals
• Q2 2026 net earnings hit $1.836 billion, up from $342 million in Q2 2025
• Record backlog of $230.4 billion, driven by $65 billion in new orders during the quarter
• Over $90 billion in contract awards across PAC-3 and THAAD missile programs
• Full-year 2026 EPS guidance raised to $29.95-$30.65; LMT is up 21.12% year-to-date

Lockheed Martin (LMT) opened at $587.12 on Friday, up 0.7% on the day, and is up 21.12% year-to-date, well ahead of the S&P 500’s 12.92% return over the same period.

Lockheed Martin Corporation, LMT

Jim Cramer made no effort to hedge his view on Mad Money’s Lightning Round on August 6. He called the stock “sensational” and CEO Jim Taiclet “fantastic.” That’s about as direct as it gets from Cramer.

The Q2 2026 numbers back him up. Net sales came in at $20.1 billion, up 11% year-over-year. Diluted EPS hit $7.94, versus $1.46 in Q2 2025. Free cash flow was $2.9 billion, compared to negative $150 million a year ago.

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