Northrop Grumman Corporation (NOC)
Northrop Grumman Q3 2026: Crushing Baseline Models With A $109.6B Backlog And Margin Inflection
Northrop Grumman (NOC) delivered stronger results than I expected in 2026, with a record $109.6 billion backlog and robust project execution. NOC's Aeronautics segment outperformed, with 14.41% revenue and 135.67% EBIT growth, driven by B-21 and F-35 volume and margin recovery. Relative valuation frameworks indicate 22–54% upside potential for NOC, supporting a reiterated BUY rating despite margin and contract risks.
NOC's Q3 Earnings Call Highlights 2027 Growth and B-21 Spending
Northrop Grumman targets 5%-7% sales growth in 2027, backed by a record backlog and B-21 investments, while higher capital spending adds execution challenges.
Here's Why Northrop Grumman (NOC) is a Strong Momentum Stock
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Northrop Grumman: 3 Key Takeaways for Long-Term Investors
Backlog reached $110 billion with a 1.5x book-to-bill ratio. Management projects sales growth from 5% to 7% in 2027.
What Northrop Grumman (NOC) Said on Its Q3 Earnings Call
Northrop Grumman NYSE: NOC reported third-quarter 2026 sales growth across all four business segments, record backlog and higher earnings guidance, as the defense contractor cited demand for strategic deterrence, space systems, missile production and autonomous technologies.
Compared to Estimates, Northrop Grumman (NOC) Q3 Earnings: A Look at Key Metrics
While the top- and bottom-line numbers for Northrop Grumman (NOC) give a sense of how the business performed in the quarter ended September 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Northrop Grumman Q3 Earnings Surpass Estimates, Revenues Increase Y/Y
NOC's Q3 2026 earnings beat estimates as revenues rise 6.7%, backlog reached $109.6B, and the company raised its full-year earnings outlook.
Northrop Grumman (NOC) Q3 Earnings and Revenues Surpass Estimates
Northrop Grumman (NOC) came out with quarterly earnings of $7.89 per share, beating the Zacks Consensus Estimate of $7.22 per share. This compares to earnings of $7.67 per share a year ago.
Northrop Grumman Raises Outlook on Higher Earnings, Sales
Northrop said the quarter reflected strong demand for its global capabilities as the company had gains across all its units: aeronautics sales rose 14%, while defense sales increased 12% and its mission and space sales inched up 2% each.
Northrop lifts 2026 profit forecast on strong defense demand, record backlog
Northrop lifts 2026 profit forecast on strong defense demand, record backlog
USAF Doesn't Want Northrop Grumman's Stealth Drone
The U.S. Air Force chose Anduril and General Atomics to produce Collaborative Combat Aircraft for it, rejecting Northrop Grumman's offering. Northrop Grumman is proceeding to develop its YFQ-48A Talon Blue drone anyway.
Can Precision Weapons Demand Support Northrop Grumman's Growth?
NOC is advancing its precision weapons portfolio with a new grenade launcher and a Barrett partnership to tap growing demand for counter-drone systems.
