LMT Q2 2026 Earnings — Income Statement Breakdown
For its Q2 2026 period (ending 2026-06-28), LMT reported revenue of $20.1B, gross profit of $2.4B (12.2% gross margin), operating income of $2.5B, and net income of $1.8B (9.2% net margin). The flow of revenue into costs and profit is visualized below.
What changed
LMT was profitable; no comparable cached period is available, and revenue beat consensus by 3.7%.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | Not available | Not available | Not available |
| Quarter over quarter | Not available | Not available | Not available |
Consensus revenue estimate was $19.3B; reported revenue was +3.7% versus consensus. EPS was $0.00 versus $7.19 expected.
LMT Q2 2026 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $20.1B | 100% |
| Cost of Revenue | −$17.6B | 87.8% |
| Gross Profit | $2.4B | 12.2% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | — | 0.0% |
| Operating Income | $2.5B | 12.4% |
| Interest Expense | −$266M | 1.3% |
| Other Income, net | −$35M | 0.2% |
| Income Tax Expense | −$342M | 1.7% |
| Net Income | $1.8B | 9.2% |
Source: original SEC filing (filed 2026-07-23). Accession 0001628280-26-049277. Data normalized by EarningsFyi.