Northrop Grumman delivered strong Q2 2026 results, with 5% sales growth, a record $104.7B backlog, and raised 2026 guidance despite headline margin pressure. NOC's margin compression stemmed from isolated program issues (SiAW, GEM 63XL), while core segments operated near historical margin levels and cash flow surged. 2026 guidance now implies $44B in sales, $28.60–$29.10 EPS, and $3.1–$3.5B in free cash flow, with B-21, Sentinel, and national security space as key growth drivers.
NOC raises 2026 sales and EPS guidance as a record backlog, strong bookings and program momentum point to faster growth in the second half.
Northrop Grumman Corporation (NOC) Q2 2026 Earnings Call Transcript
$105 billion. That's the size of Northrop Grumman's backlog, a record, the company reported Tuesday.
NOC beats Q2 earnings and sales estimates, raises its 2026 outlook and ends the quarter with a $95.68 billion backlog.
Northrop Grumman NYSE: NOC raised its 2026 sales and earnings outlook after reporting stronger second-quarter bookings, a record backlog and revenue growth across all four of its business segments, while management also addressed cost pressures on two programs that weighed on segment margins.
While the top- and bottom-line numbers for Northrop Grumman (NOC) give a sense of how the business performed in the quarter ended June 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Northrop Grumman Corp (NYSE:NOC) stock is down 7.8% to trade at $483.10 this morning.
Northrop Grumman (NOC) came out with quarterly earnings of $7.68 per share, beating the Zacks Consensus Estimate of $6.84 per share. This compares to earnings of $7.11 per share a year ago.
Northrop Grumman reported better-than-expected second-quarter earnings and raised its full-year financial guidance.
NOC heads into Q2 earnings backed by a strong defense backlog, but investors will watch Sentinel program updates for margin impact.
Evaluate the expected performance of Northrop Grumman (NOC) for the quarter ended June 2026, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.