Lockheed Martin stock falls 1.21 percent before October 22 results

Published on 10/07/2026 at 16:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lockheed Martin stock trades at USD 503.94 on October 7, 2026, as its next results date approaches. Q2 revenue rose 10.5 percent to USD 20.06 billion.

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Lockheed Martin stock (ISIN US5398301094) was trading at USD 503.94 on the NYSE on October 7, 2026, down 1.21 percent from the prior close of USD 510.12. The company is scheduled to publish third-quarter results before the market opens on October 22, 2026, followed by an earnings call at 8:30 a.m. ET, according to StockTitan.

October 22 is the next checkpoint

The October 22 release will give investors the first full-quarter test of Lockheed Martin's raised 2026 outlook. The company guided for full-year sales of USD 79.75 billion to USD 81.75 billion and diluted EPS of USD 29.95 to USD 30.65 after its second-quarter performance.

The date also sets a clear near-term catalyst for the stock. The release is due before the market opens, while management will discuss the figures and key operating topics during the 8:30 a.m. ET call, according to StockTitan.

Q2 revenue rose 10.5 percent

Lockheed Martin's second-quarter revenue reached USD 20.06 billion, an increase of 10.5 percent from the year-ago quarter. Diluted EPS came in at USD 7.94, above the USD 7.20 consensus estimate, while backlog reached USD 230.42 billion after USD 65 billion in new orders, reported 247 Wall St.

The comparison matters because the latest quarter combined sales growth with a higher profit outlook. The same report cited a USD 35 billion multi-year THAAD contract within the new orders, giving the backlog figure a concrete defense-program anchor.

Consensus target stands above the price

The analyst consensus is Hold from 21 analysts, with an average 12-month price target of USD 636.74, according to Financhill. That target lies 26.4 percent above the USD 503.94 market price, putting the October 22 report at the center of the valuation debate.

As Investing.com reported on October 6, Rothschild Redburn initiated coverage with a Buy rating and a USD 650 price target. The target was based on expected demand for munitions and a view that Lockheed Martin's investment in production and research has yet to deliver its full benefit.

Stock sits below the yearly high

At USD 503.94 on October 7, 2026, Lockheed Martin stock was 27.18 percent below its 52-week high of USD 692.00 and 15.25 percent above its 52-week low of USD 437.25. The upcoming quarterly figures will determine whether the raised outlook can narrow that gap.