Bernstein cuts target for Lockheed Martin stock to USD 564.00

Published on 10/16/2026 at 09:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue rose 10.50 percent to USD 20.06 billion. Lockheed Martin stock costs EUR 474.20 on October 16, 2026 before Xetra opens in Germany.

Capacity expansion and earnings date

Lockheed Martin announced a USD 300.0 million Texas expansion on October 14, 2026.
Second-quarter revenue rose 10.50 percent to USD 20.06 billion in 2026.
Lockheed Martin stock was trading at EUR 474.20 at 9:37 a.m. CEST at Lang & Schwarz on October 16, 2026.
Third-quarter results are scheduled for October 22, 2026.

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Lockheed Martin (ISIN US5398301094) is expanding advanced-munitions manufacturing in Texas with a USD 300.0 million investment announced on October 14, 2026. The move arrives as Bernstein cut its price target from USD 629.00 to USD 564.00 and kept a Market Perform rating, according to Markets Insider.

Capacity meets missile demand

The Texas project will increase Lockheed Martin's manufacturing footprint to more than 735,000 square feet and is expected to support 6,000 U.S. jobs, including 2,000 in Texas, according to MarketBeat. The focus on advanced munitions adds production capacity to a business already supported by strong demand for missile-defense systems.

Lockheed Martin reported second-quarter 2026 sales of USD 20.06 billion, up 10.50 percent from the prior-year period. Net earnings reached USD 1.84 billion and diluted earnings per share were USD 7.94, while operating margin was 12.00 percent.

What does the earnings date mean?

The next test is the third quarter. Lockheed Martin scheduled its third-quarter 2026 results webcast for October 22, 2026, before the U.S. market opens. MarketBeat cited consensus expectations of USD 7.52 in earnings per share and USD 20.46 billion in revenue, compared with full-year 2026 earnings-per-share guidance of USD 29.95 to USD 30.65.

Three dated developments

On July 23, 2026, Lockheed Martin reported second-quarter sales of USD 20.06 billion. On October 9, 2026, the company declared a fourth-quarter dividend of USD 3.60 per share. On October 14, 2026, it announced the USD 300.0 million Texas manufacturing expansion.

Next dates for investors

The next scheduled reporting date is October 22, 2026, for third-quarter results. The next stated ex-dividend date is December 1, 2026, for the USD 3.60 quarterly dividend.

Stock enters the pre-market

Lockheed Martin's U.S. listing closed at USD 532.64 on October 15, 2026, while its market capitalization was USD 122.9 billion and its 52-week range was USD 437.25 to USD 692.00. In Germany, the euro indication places the focus on the October 22 earnings release and on whether production investments translate into deliveries and cash flow.

Lockheed Martin was trading at EUR 474.20 at Lang & Schwarz on October 16, 2026, at 9:37 a.m. CEST, before the Xetra session opened. The further course of trading is shown by the continuously updated real-time quote of Lockheed Martin stock.