What is Lockheed Martin's deferred revenue?

Lockheed Martin (LMT) reported deferred revenue of $12.15B in Q2 2026.

How has Lockheed Martin's deferred revenue changed year-over-year?

Lockheed Martin's deferred revenue increased by 23.2% year-over-year, from $9.86B to $12.15B.

What is the long-term trend for Lockheed Martin's deferred revenue?

Over 5 years (2020 to 2025), Lockheed Martin's deferred revenue has grown at a 8.7% compound annual growth rate (CAGR), from $7.55B to $11.44B.

What does deferred revenue mean?

Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.

Lockheed Martin LMT Deferred Revenue

Deferred Revenue at other companies

BoeingBA

$64.06B+7.8%

General DynamicsGD

$11.03B+3.3%

Raytheon TechnologiesRTX

$22.67B+18.2%

L3Harris TechnologiesLHX

$2.94B+26.7%

TextronTXT

$18.9B+11.8%

Kratos Defense & Security SolutionsKTOS

$108.1M+31.8%

Segments

By segment

See full

MFC$1.1B-15.4%

Aeronautics$427M-26.8%

RMS$365M—

Other financials

Income statement

See full

Revenue$20.1B+10.5%

Gross profit$2.4B+233%

Operating income$2.5B+231%

Net income$1.8B+437%

EPS (diluted)$7.94+444%

Balance sheet

See full

Cash & equivalents$3.8B+193%

Total debt$20.5B-5.1%

Total equity$8.8B+64.4%

Total assets$62.5B+6.1%

Cash flow

See full

Operating cash flow$3.2B+1,509%

CapEx$318.0M-9.4%

Free cash flow$2.9B—

Valuation

See full

Market cap$131.37B+34.4%

Enterprise value$148.11B+25.4%

P/E20.9×-2.4×

P/S1.7×+0.3×

Profitability

See full

Gross margin11.8%+3.6pp

Operating margin11.9%+3.6pp

Net margin8.2%+2.3pp

FCF margin11.3%+6.5pp

Returns & leverage

See full

Return on equity89.2%+16.1pp

Debt / equity2.3×-1.7×

Current ratio1.2×+0.2×

Where this comes from

Reported directly by Lockheed Martin in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiabilityCurrent.

The official record: Lockheed Martin’s 10-Q, filed July 23, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Lockheed Martin's deferred revenue?: Lockheed Martin (LMT) reported deferred revenue of $12.15B in Q2 2026.
How has Lockheed Martin's deferred revenue changed year-over-year?: Lockheed Martin's deferred revenue increased by 23.2% year-over-year, from $9.86B to $12.15B.
What is the long-term trend for Lockheed Martin's deferred revenue?: Over 5 years (2020 to 2025), Lockheed Martin's deferred revenue has grown at a 8.7% compound annual growth rate (CAGR), from $7.55B to $11.44B.
What does deferred revenue mean?: Payments received from customers for goods or services to be delivered within one year — recognized as revenue as performance obligations are satisfied.