Lockheed Martin consensus stays cautious, shares ahead of Q2 earnings

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-28, 09:33.

Lockheed Martin (US5398301094) sits in focus on the NYSE this Sunday as analysts refine their expectations for the upcoming second-quarter earnings release. Consensus figures and recent revisions offer a cautious picture for the S&P 500 defense contractor ahead of the late-July date.

What Jefferies now expects

On June 25, Jefferies lowered its price target for Lockheed Martin from 595 to 575 dollars and reiterated a Hold rating on the shares, reflecting a more cautious stance before Q2 results. The research house now models second-quarter revenue growth at about 5 percent year on year, but trims its earnings-per-share estimate to 6.80 dollars from 6.89 dollars.

Jefferies notes that its 6.80 dollar EPS forecast sits meaningfully below the current Street consensus of 7.22 dollars per share, citing expected weaker margins in the Aeronautics and Space segments as the key drag. The bank highlights program mix and cost pressures as factors likely to cap near-term margin expansion despite a solid backlog and continuing demand for defense platforms.

Consensus ratings and upcoming earnings

Across Wall Street, about 12 analysts cover Lockheed Martin shares, with a distribution tilted toward Buy and Hold recommendations. Data compiled by Intellectia.ai points to roughly four Buy ratings and the remainder at Hold, underscoring a balanced but not aggressive stance on the stock.

TrendSpider data show the Lockheed Martin stock at around 507.29 dollars, up about 0.46 percent in recent trading, while the shares are down roughly 4.37 percent over the past 30 days. The next reported earnings date is July 21, 2026, when the company is expected to present its second-quarter numbers and update investors on the full-year trajectory. This timing keeps the stock firmly on the calendar radar for institutional and retail investors tracking the defense sector.

The business behind the stock

Lockheed Martin generates the bulk of its revenue from defense and aerospace contracts, primarily with the U.S. Department of Defense and allied governments. Key programs include the F-35 fighter jet line, various missile and air defense systems, and space-based platforms supporting communications, surveillance and missile warning missions.

Where the shares trade today

Lockheed Martin shares (US5398301094) trade on the NYSE at about 507.29 dollars as of 2026-06-26, 15:59 Eastern Time.

Disclaimer: This article is for informational purposes only and does not constitute investment advice, a recommendation, or a solicitation to buy or sell any financial instrument. All data are based on sources cited and may change over time.