LMT · 10-Q · 2026Q2 · Full report

Cash Flow and Capital Expenditures

LOCKHEED MARTIN CORP · 2026-07-23 · Importance 69 · Surprise 64 · Matches filing data

Net cash provided by operating activities increased $1.845 billion year over year to $3.455 billion for the six months ended June 28, 2026, primarily because of customer-receipt timing and lower tax payments. Capital expenditures were $829 million, up from $805 million, and primarily funded equipment, facilities infrastructure and information technology across business segments. Free cash flow increased $1.8 billion to $2.626 billion, calculated as operating cash flow of $3.455 billion less capital expenditures of $829 million. Net cash used in investing activities declined $255 million to $890 million.

Key facts

• During the six months ended June 28, 2026, LOCKHEED MARTIN CORP had net cash provided by operating activities of $3,455 million, net cash used for investing activities of $890 million, and net cash used for financing activities of $2,895 million. source
• LOCKHEED MARTIN CORP's free cash flow was $2,626 million during the six months ended June 28, 2026, defined as cash from operations less capital expenditures. source
• Net cash provided by operating activities increased by $1.8 billion during the six months ended June 28, 2026 compared to the same period in 2025 primarily due to timing of customer receipts and lower tax payments reflecting the Tax Act and the Notice. source
• Capital expenditures totaled $829 million during the six months ended June 28, 2026. source

Impact estimates