Why Lockheed Martin Stock Jumped 50%?
Between August 7, 2025, and February 3, 2026, Lockheed Martin (LMT)’s stock soared 48%, fueled not just by solid earnings and a robust backlog, but also by market optimism around a missile production boost and a thriving F-35 program—sparking a surge in profits and investor confidence.
Below is an analytical breakdown of stock movement into key contributing metrics.
| 8072025 | 2032026 | Change | |
|---|---|---|---|
| Stock Price ($) | 424.4 | 628.3 | 48.0% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 71,844.0 | 75,048.0 | 4.5% |
| Net Income Margin (%) | 5.9% | 6.7% | 14.2% |
| P/E Multiple | 23.6 | 28.9 | 22.7% |
| Shares Outstanding (Mil) | 233.5 | 230.9 | 1.1% |
| Cumulative Contribution | 48.0% |
So what is happening here? The stock surged 48%, driven by a 4.5% rise in revenue, a 14% boost in net margin, and a 23% jump in the P/E multiple. Let’s explore the key events behind these shifts.
Here Is Why Lockheed Martin Stock Moved
- Better Value & Growth: TDG, GD Lead Lockheed Martin Stock
- Why TDG, GD Could Outperform Lockheed Martin Stock
- Stronger Bet Than Lockheed Martin Stock: GD Delivers More
- Can Lockheed Martin Stock Recover If Markets Fall?
- GD Tops Lockheed Martin Stock on Price & Potential
- TDG, GD Look Smarter Buy Than Lockheed Martin Stock
- Q4 2025 Earnings Beat: LMT exceeded Q4 2025 EPS and revenue forecasts on Jan 29, 2026, boosting confidence.
- Record Backlog: The company reported a record $194B backlog at year-end 2025, indicating robust future demand.
- Strong 2026 Outlook: Management projected 5% sales growth and 25%+ op profit growth for 2026.
- Missile Production Hike: Agreements to quadruple THAAD and triple PAC-3 MSE interceptor production.
- F-35 Program Strength: Record 191 F-35 deliveries in 2025, driven by strong domestic and global demand.
Our Current Assesment Of LMT Stock
Opinion: We currently find LMT stock fairly priced. Why so? Have a look at the full story. Read Buy or Sell LMT Stock to see what drives our current opinion.
Risk: A good way to gauge LMT’s risk is by checking its drops in past market crises. It fell about 62% in the Dot-Com crash, 51% in the Global Financial Crisis, and 37% during the Covid pandemic. Even smaller shocks like the 2018 correction and the recent inflation shock knocked it down around 30% and 20%, respectively. Solid companies can still take big hits when the market turns sour.
LMT stock may have seen strong gains recently, but investing in a single stock without detailed, thorough analysis can be risky. The Trefis High Quality (HQ) Portfolio, with a collection of 30 stocks, has a track record of comfortably outperforming its benchmark that includes all 3 — the S&P 500, S&P mid-cap, and Russell 2000 indices. Why is that? As a group, HQ Portfolio stocks provided better returns with less risk versus the benchmark index; less of a roller-coaster ride, as evident in HQ Portfolio performance metrics.