Lockheed Martin, RTX Jump After Earnings Beat. One Is Bre…

The stock market faced declines as major companies like Google and Tesla saw shares retreat while oil prices increased to $90. Lockheed Martin and RTX reported stronger than expected second-quarter earnings, driven by rising demand from the U.S. Department of Defense. Lockheed Martin achieved an 11% revenue growth, reaching $20.1 billion, and surpassed earnings expectations at $7.94 per share. RTX saw a 14.5% rise in revenue, amounting to $24.7 billion, with earnings at $1.89 per share. Both companies raised their guidance for 2026 projections, anticipating continued growth in the defense sector amid geopolitical tensions.

BREAKING: Futures Fall As Google, Tesla Retreat, Oil Hits $90

Store

SubscribeSign In

My Subscriptions

Customer Center My Stock Lists Email Preferences Help & Support Sign Out

Search stocks or keywords

Sections

My IBD

Market Trend

MARKET TREND

The Big Picture Stock Market Today ETF Market Strategy Stock Market Data Psychological Indicators New? Start Here IBD Digital: 2 Months for $20

Stock Lists

STOCK LISTS

IBD 50 IBD Sector Leaders IBD Big Cap 20 IBD Long-Term Leaders IPO Leaders My Stock Lists Stock Lists Update Stocks On The Move New Highs Stock Spotlight Stocks Near Buy Zone RS Line At New High Rising Profit Estimates Stocks Funds Are Buying Your Weekly Review Breakout Stocks Index IBD ETF Indexes IBD Data Tables IBD Digital: 2 Months for $20 New? Start Here

Research

STOCK RESEARCH

IBD Stock Checkup Stock Of The Day Screen Of The Day IBD Charts Stock Screener Swing Trading Options Investing Action Plan Earnings Preview Earnings Calendar IBD Industry Themes The New America Best ETFs Best Mutual Funds The Income Investor IBD Stock Analysis Industry Snapshot IBD 50 Stocks To Watch IBD Data Stories IBD Digital: 2 Months for $20

News

NEWS

eIBD Technology Magnificent Seven Stocks Personal Finance Special Reports Cryptocurrency Retirement Management

ECONOMY

Economic Calendar Economic News IBD Digital: 2 Months for $20

Videos

VIDEOS & PODCASTS

IBD Live How To Invest Videos Options Videos Investing With IBD Podcast Growth Stories Podcast Webinars Online Courses IBD Digital: 2 Months for $20

Learn

HOW TO INVEST

How To Invest In Stocks Stock Investing Keys Stock Market Timing Track Market Trends How To Read Stock Charts How To Buy Stocks When To Sell Stocks Short Selling Swing Trading What Is Crypto

EDUCATIONAL RESOURCES

New to IBD Investor's Corner Investing With IBD Podcast Events & Webinars IBD Moneyworks 12 Days Of Learning Investing Infographics Premium Online Courses Premium Workshops

Store

My Products

Founder's Club SwingTrader Leaderboard MarketSurge eIBD IBD Digital IBD Live

Recently Searched

Research 6:58 PM ET

Dell Leaps 9%, Rising Toward New High. Leads 16 New To IBD Best Stock Watchlists

Investing Podcast 6:47 PM ET

Are Markets Due For A Reckoning? The Signs Pointing To Market Defensiveness

News 6:45 PM ET

S&P 500 Stock Rockets Late On Earnings As Google Boosts Capex

Defense giants Lockheed Martin and RTX topped Wall Street expectations early Thursday with their reported second-quarter earnings. The results come as hostilities between the U.S. and Iran ramp up again and the Department of Defense seeks congressional approval for a $1.5 trillion defense budget.

Lockheed Martin's revenue grew 11% to $20.1 billion for the quarter. Earnings came in at $7.94 a share compared to $1.46 in Q2 2025. They had a particularly easy comp this quarter because Lockheed Martin recorded $1.6 billion in program losses in the same time last year. Wall Street expected sales of $19.1 and earnings of $7.19, according to FactSet.

↑X

Inside The Battle For The Pentagon's War Chest As Demand Skyrockets For Drones And Missiles

See All Videos

NOW PLAYINGInside The Battle For The Pentagon's War Chest As Demand Skyrockets For Drones And Missiles

RTX's quarterly revenue rose 14.5% year over year to $24.7 billion. Earnings amounted to $1.89 a share, up 21.2% from Q2 2025. Analysts had expected revenue of $22.9 and EPS of $1.66, according to FactSet.

U.S. military contractors are gearing up for a period of sustained growth, as the Department of Defense races to replenish missile stockpiles depleted during the Iran war.

For example, Lockheed Martin signed contracts multiyear contracts worth $35 billion and $8.4 billion for different types of advanced missiles. Meanwhile, RTX's civilian aerospace divisions have been buoyed by a booming aftermarket industry.

Stocks Jump After Earnings

RTX ( RTX) stock jumped more than 5% ahead of Thursday open, according to MarketSurge. Shares appear poised to just clear a 203.94 cup-with-handle buy point. Lockheed Martin ( LMT) also rose over 5% in premarket action. But it's trying to reclaim its 200-day line after hitting a seven-month low earlier this week.

universal chart

(rtx)

(left-click to pin tooltip)(right-click to deleteright-click to manage)(long-press to drag)(drag to change anchor time)

‌volume‌

Provided by Nasdaq Last Sale.

Last update:

Real-time quote and/or trade prices are not sourced from all markets.

(Market Close)

Lockheed Martin, RTX Raise Guidance

Both contractors raised their 2026 outlooks on the back of their strong second quarters.

RTX's now estimates adjusted sales will rise 8%-9% to $95 billion-$96 billion, up from an earlier range of $92.5 billion-$93.5 billion. The company updated its adjusted EPS guidance to a midpoint of $7.17, up from an earlier an earlier range that had a midpoint of $6.80.

IBD Newsletters

Get exclusive IBD analysis and actionable news daily.

Lockheed Martin now expects 2026 sales of $79.75 billion-$81.75 billion and EPS of $29.95-$30.65. Its previous guidance targeted revenue at $77.5 billion-$80 billion and EPS of $29.35-$30.25.

7/22/2026 Crude oil futures contracts rise as the Strait of Hormuz faces lasting decline. Guess who gains from the energy crunch?

7/22/2026 Crude oil futures contracts rise as the Strait of Hormuz...

INVESTING RESOURCES

search by querylyAdvanced Search close

A2A

Read Original at Investor's Business Daily →

Lockheed Martin, RTX Jump After Earnings Beat. One Is Breaking Out.

Stocks Jump After Earnings

Lockheed Martin, RTX Raise Guidance

IBD Newsletters

Get exclusive IBD analysis and actionable news daily.

YOU MAY ALSO LIKE:

Related news

Boeing Wins Big As Farnborough Airshow Takes Off. Airbus, RTX Land Deals.

SpaceX Aborts Starship Test Flight 13 After Engine Failure, Completes SDA Mission

NLight Flashes Buy Signal On U.S. Laser Weapon Contract Win

Goldman Stock Pops On $70 Bil Heap Of Fresh Asset Management Deals

NATO Summit Centers On F-35 Sales, Defense Deals, Spending. Lockheed Boosts Production.

Agencies Reveal SpaceX Bond Ratings. Space Force Taps Vendors For Defense Program.

Anduril Eyes Nissan Factory In Japan To Expand Drone, Weapons Production

Lockheed Martin Inks $35 Billion Deal To Replenish Missile Stockpiles