NORTHROP GRUMMAN CORP /DE/ is expected to release its Q3 2026 10-Q filing on October 19, 2026, before market open. Last quarter: Northrop Grumman’s Q2 FY2026 revenue rose 5.1% to $10.876B, but operating income fell 23.1% to $1.096B as the prior-year training-services divestiture gain did not recur and Defense and Space program profitability weakened, partly offset by a sharply lower tax rate.
EPS Estimate
$7.07
Revenue Estimate
$11.09B
Analyst consensus from Finnhub. Actual results posted within minutes of the SEC filing on the NOC page.
Drawn from management commentary in the Q2 2026 10-Q:
Q2 FY2026 sales increased $525M, or 5%, to $10.876B, with sales higher across all four sectors. Aeronautics Systems rose 13% to $3.519B, driven by higher B-21 and other restricted-program volume, a $106M TACAMO increase, and higher B-2, F-35, and E-2 volume; completed F/A-18 production deliveries partly offset the growth.
Operating income declined $329M, or 23%, to $1.096B and operating margin fell to 10.1% from 13.8%. The decline principally reflected the absence of the prior-year $231M gain on the training-services divestiture, $61M lower segment operating income, and a $56M reduction in the FAS/CAS operating adjustment.
Defense Systems operating margin fell to 7.5% from 12.7%, including a $68M unfavorable EAC adjustment on SiAW related to higher projected production-maturation and development/qualification costs; Space Systems margin declined to 8.6% from 10.6%, including a $91M unfavorable EAC adjustment on GEM 63XL largely related to higher projected cost to complete.
Revenue
$10.88B
++5.07% YoY
EPS (Basic)
$7.70
-5.75% YoY
Operating Income
$1.1B
-23.09% YoY
Add NOC to your watchlist to get the AI analysis in your inbox within minutes of the 10-Q filing.