Lockheed Martin Stock Plunges 6.74% on Earnings Miss

On July 22, 2025, Lockheed Martin's stock experienced a significant drop of 6.74% in pre-market trading, reflecting investor concerns over the company's recent financial performance.

Lockheed Martin reported its second-quarter earnings, revealing a net sales figure of $18.2 billion, which fell short of analyst expectations of $18.53 billion. The company's earnings per share (EPS) for the quarter were $1.46, a stark contrast to the analyst consensus of $6.54. This substantial miss in EPS was attributed to program losses amounting to $1.6 billion and other charges totaling $169 million.

The company also revised its full-year earnings guidance, lowering its EPS forecast from $22.00 to $21.70. Additionally, Lockheed Martin adjusted its sales outlook for 2025, projecting a range of $73.75 billion to $74.75 billion, compared to the market estimate of $74.34 billion. These adjustments indicate the company's cautious approach in light of the current financial challenges.

Investors are closely monitoring Lockheed Martin's ability to manage its program losses and other financial hurdles, as these factors significantly impact the company's stock performance. The recent earnings report and revised guidance have raised concerns about the company's financial health and its ability to meet future expectations.