07:50 AM EDT, 07/22/2025 (MT Newswires) -- Lockheed Martin ( LMT ) reported Q2 earnings Tuesday of $1.46 per diluted share, down from $6.85 a year earlier.

Analysts polled by FactSet expected $6.57.

Sales for the quarter ended June 29 were $18.16 billion, compared with $18.12 billion a year earlier.

Analysts surveyed by FactSet expected $18.57 billion.

The company lowered its 2025 diluted EPS guidance to a range of $21.70 to $22 from prior outlook of $27 to $27.30. Analysts surveyed by FactSet expect $27.42. The company reaffirmed its annual sales guidance of $73.75 billion to $74.75 billion. Analysts surveyed by FactSet expect $74.34 billion.

Shares of the company were down more than 7% in Tuesday's premarket activity.