earnings
confidence high
sentiment negative
materiality 0.85
Lockheed Martin Q2 net earnings down 79% to $1.46/share on $1.6B program losses
LOCKHEED MARTIN CORP
2025-Q2 EPS
reported $8.75
vs consensus $6.51
▲ beat
(+34.5%)
- Q2 sales $18.2B (flat YoY); net earnings $342M ($1.46 diluted EPS) vs $1.6B ($6.85) in Q2 2024.
- Recorded $1.6B pre-tax program losses: $950M classified Aeronautics program, $570M Canadian helicopter, $95M Turkish helicopter.
- Also recorded $66M fixed-asset impairment (NGAD down-select) and $103M tax charge, impacting EPS by $5.83 combined.
- Cash from ops $201M; free cash flow -$150M vs $1.5B last year; returned $1.3B to shareholders.
- Reaffirming FY2025 sales and free cash flow guidance.
item 2.02item 9.01