# LOCKHEED MARTIN CORPORATION (LMT) FY2026 Q2 P&L / Income Statement - Company: LOCKHEED MARTIN CORPORATION (LMT) - Period: 2026-03-30 to 2026-06-28 - Filing: Q2 FY2026 10-Q, filed 2026-07-23, accession number 0001628280-26-049411 - Page: https://plicit.ai/financials/lmt/fy2026-q2-income-statement - Chart image: https://plicit.ai/charts/lmt-fy2026-q2-income-statement-sankey.png ## Chart details: Revenue by Product and Service Income statement for 2026-03-30 through 2026-06-28. View: Product and service. Revenue and costs use their disclosed categories. - **Total sales**: 20,063,000,000 US dollars - **Total operating costs and expenses**: 17,617,000,000 US dollars - **Gross profit**: 2,446,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: negative 33,000,000 US dollars - **Operating profit**: 2,479,000,000 US dollars - **Other income (expense), net (calculated)**: negative 301,000,000 US dollars - **Earnings before income taxes**: 2,178,000,000 US dollars - **Income tax expense**: 342,000,000 US dollars - **Net earnings**: 1,836,000,000 US dollars - **Products revenue**: 16,783,000,000 US dollars - **Services revenue**: 3,280,000,000 US dollars - **Products cost of revenue**: 15,063,000,000 US dollars - **Services cost of revenue**: 2,862,000,000 US dollars - **Impairment and other charges**: 0 US dollars - **Other unallocated, net**: negative 308,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other income, net**: negative 33,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Geography - Page: https://plicit.ai/financials/lmt/fy2026-q2-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/lmt-fy2026-q2-revenue-by-geography-sankey.png Income statement for 2026-03-30 through 2026-06-28. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total sales**: 20,063,000,000 US dollars - **Total operating costs and expenses**: 17,617,000,000 US dollars - **Gross profit**: 2,446,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: negative 33,000,000 US dollars - **Operating profit**: 2,479,000,000 US dollars - **Other income (expense), net (calculated)**: negative 301,000,000 US dollars - **Earnings before income taxes**: 2,178,000,000 US dollars - **Income tax expense**: 342,000,000 US dollars - **Net earnings**: 1,836,000,000 US dollars - **UNITED STATES**: 14,188,000,000 US dollars - **Europe**: 2,802,000,000 US dollars - **Asia Pacific**: 1,983,000,000 US dollars - **Middle East**: 384,000,000 US dollars - **Other**: 706,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other income, net**: negative 33,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Basis of Pricing - Page: https://plicit.ai/financials/lmt/fy2026-q2-income-statement/revenue-by-basis-of-pricing - Chart image: https://plicit.ai/charts/lmt-fy2026-q2-revenue-by-basis-of-pricing-sankey.png Income statement for 2026-03-30 through 2026-06-28. View: Contract with Customer, Basis of Pricing. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total sales**: 20,063,000,000 US dollars - **Total operating costs and expenses**: 17,617,000,000 US dollars - **Gross profit**: 2,446,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: negative 33,000,000 US dollars - **Operating profit**: 2,479,000,000 US dollars - **Other income (expense), net (calculated)**: negative 301,000,000 US dollars - **Earnings before income taxes**: 2,178,000,000 US dollars - **Income tax expense**: 342,000,000 US dollars - **Net earnings**: 1,836,000,000 US dollars - **Fixed-price**: 12,071,000,000 US dollars - **Cost-reimbursable**: 7,992,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other income, net**: negative 33,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Business Segment - Page: https://plicit.ai/financials/lmt/fy2026-q2-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/lmt-fy2026-q2-revenue-by-business-segment-sankey.png Income statement for 2026-03-30 through 2026-06-28. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total sales**: 20,063,000,000 US dollars - **Total operating costs and expenses**: 17,617,000,000 US dollars - **Gross profit**: 2,446,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: negative 33,000,000 US dollars - **Operating profit**: 2,479,000,000 US dollars - **Other income (expense), net (calculated)**: negative 301,000,000 US dollars - **Earnings before income taxes**: 2,178,000,000 US dollars - **Income tax expense**: 342,000,000 US dollars - **Net earnings**: 1,836,000,000 US dollars - **Aeronautics**: 8,112,000,000 US dollars - **Missiles And Fire Control**: 4,101,000,000 US dollars - **Rotary and Mission Systems**: 4,354,000,000 US dollars - **Space**: 3,496,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other income, net**: negative 33,000,000 US dollars - **Aeronautics costs (calculated)**: 7,352,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Missiles And Fire Control costs (calculated)**: 3,507,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Rotary and Mission Systems costs (calculated)**: 3,917,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Space costs (calculated)**: 3,125,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Reconciling items (calculated)**: negative 317,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income. ## Chart details: Revenue by Customer - Page: https://plicit.ai/financials/lmt/fy2026-q2-income-statement/revenue-by-customer - Chart image: https://plicit.ai/charts/lmt-fy2026-q2-revenue-by-customer-sankey.png Income statement for 2026-03-30 through 2026-06-28. View: Customer. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total sales**: 20,063,000,000 US dollars - **Total operating costs and expenses**: 17,617,000,000 US dollars - **Gross profit**: 2,446,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: negative 33,000,000 US dollars - **Operating profit**: 2,479,000,000 US dollars - **Other income (expense), net (calculated)**: negative 301,000,000 US dollars - **Earnings before income taxes**: 2,178,000,000 US dollars - **Income tax expense**: 342,000,000 US dollars - **Net earnings**: 1,836,000,000 US dollars - **U.S. Government**: 14,127,000,000 US dollars - **International**: 5,875,000,000 US dollars - **U.S. commercial and other**: 61,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other income, net**: negative 33,000,000 US dollars ### Chart connections - Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income. - Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.