# LOCKHEED MARTIN CORPORATION (LMT) FY2026 YTD Q2 P&L / Income Statement - Company: LOCKHEED MARTIN CORPORATION (LMT) - Period: 2026-01-01 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-ytd-q2-income-statement - Chart image: https://plicit.ai/charts/lmt-fy2026-ytd-q2-income-statement-sankey.png ## Chart details: Revenue by Product and Service Income statement for 2026-01-01 through 2026-06-28. View: Product and service. Revenue and costs use their disclosed categories. - **Total sales**: 38,084,000,000 US dollars - **Total operating costs and expenses**: 33,560,000,000 US dollars - **Gross profit**: 4,524,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: negative 18,000,000 US dollars - **Operating profit**: 4,542,000,000 US dollars - **Other income (expense), net (calculated)**: negative 590,000,000 US dollars - **Earnings before income taxes**: 3,952,000,000 US dollars - **Income tax expense**: 628,000,000 US dollars - **Net earnings**: 3,324,000,000 US dollars - **Products revenue**: 31,614,000,000 US dollars - **Services revenue**: 6,470,000,000 US dollars - **Products cost of revenue**: 28,461,000,000 US dollars - **Services cost of revenue**: 5,646,000,000 US dollars - **Impairment and other charges**: 0 US dollars - **Other unallocated, net**: negative 547,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other income, net**: negative 18,000,000 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-ytd-q2-income-statement/revenue-by-geography - Chart image: https://plicit.ai/charts/lmt-fy2026-ytd-q2-revenue-by-geography-sankey.png Income statement for 2026-01-01 through 2026-06-28. View: Geography. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total sales**: 38,084,000,000 US dollars - **Total operating costs and expenses**: 33,560,000,000 US dollars - **Gross profit**: 4,524,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: negative 18,000,000 US dollars - **Operating profit**: 4,542,000,000 US dollars - **Other income (expense), net (calculated)**: negative 590,000,000 US dollars - **Earnings before income taxes**: 3,952,000,000 US dollars - **Income tax expense**: 628,000,000 US dollars - **Net earnings**: 3,324,000,000 US dollars - **UNITED STATES**: 26,567,000,000 US dollars - **Europe**: 5,427,000,000 US dollars - **Asia Pacific**: 3,652,000,000 US dollars - **Middle East**: 1,178,000,000 US dollars - **Other**: 1,260,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other income, net**: negative 18,000,000 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-ytd-q2-income-statement/revenue-by-basis-of-pricing - Chart image: https://plicit.ai/charts/lmt-fy2026-ytd-q2-revenue-by-basis-of-pricing-sankey.png Income statement for 2026-01-01 through 2026-06-28. View: Contract with Customer, Basis of Pricing. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total sales**: 38,084,000,000 US dollars - **Total operating costs and expenses**: 33,560,000,000 US dollars - **Gross profit**: 4,524,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: negative 18,000,000 US dollars - **Operating profit**: 4,542,000,000 US dollars - **Other income (expense), net (calculated)**: negative 590,000,000 US dollars - **Earnings before income taxes**: 3,952,000,000 US dollars - **Income tax expense**: 628,000,000 US dollars - **Net earnings**: 3,324,000,000 US dollars - **Fixed-price**: 22,481,000,000 US dollars - **Cost-reimbursable**: 15,603,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other income, net**: negative 18,000,000 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-ytd-q2-income-statement/revenue-by-business-segment - Chart image: https://plicit.ai/charts/lmt-fy2026-ytd-q2-revenue-by-business-segment-sankey.png Income statement for 2026-01-01 through 2026-06-28. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total sales**: 38,084,000,000 US dollars - **Total operating costs and expenses**: 33,560,000,000 US dollars - **Gross profit**: 4,524,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: negative 18,000,000 US dollars - **Operating profit**: 4,542,000,000 US dollars - **Other income (expense), net (calculated)**: negative 590,000,000 US dollars - **Earnings before income taxes**: 3,952,000,000 US dollars - **Income tax expense**: 628,000,000 US dollars - **Net earnings**: 3,324,000,000 US dollars - **Aeronautics**: 15,065,000,000 US dollars - **Missiles And Fire Control**: 7,750,000,000 US dollars - **Rotary and Mission Systems**: 8,345,000,000 US dollars - **Space**: 6,924,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other income, net**: negative 18,000,000 US dollars - **Aeronautics costs (calculated)**: 13,686,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Missiles And Fire Control costs (calculated)**: 6,656,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Rotary and Mission Systems costs (calculated)**: 7,485,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Space costs (calculated)**: 6,272,000,000 US dollars. Segment revenue less segment operating income; it includes cost of revenue and operating expenses. - **Reconciling items (calculated)**: negative 557,000,000 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-ytd-q2-income-statement/revenue-by-customer - Chart image: https://plicit.ai/charts/lmt-fy2026-ytd-q2-revenue-by-customer-sankey.png Income statement for 2026-01-01 through 2026-06-28. View: Customer. Revenue uses this breakdown; costs and expenses retain the consolidated categories. - **Total sales**: 38,084,000,000 US dollars - **Total operating costs and expenses**: 33,560,000,000 US dollars - **Gross profit**: 4,524,000,000 US dollars - **Operating costs, net of other operating income (calculated)**: negative 18,000,000 US dollars - **Operating profit**: 4,542,000,000 US dollars - **Other income (expense), net (calculated)**: negative 590,000,000 US dollars - **Earnings before income taxes**: 3,952,000,000 US dollars - **Income tax expense**: 628,000,000 US dollars - **Net earnings**: 3,324,000,000 US dollars - **U.S. Government**: 26,437,000,000 US dollars - **International**: 11,517,000,000 US dollars - **U.S. commercial and other**: 130,000,000 US dollars - **is.operating_expenses**: 0 US dollars - **Other income, net**: negative 18,000,000 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.