Northrop Grumman Corp. (NOC) Financials
Key financial figures for Northrop Grumman Corp. (Q2 2026).
Northrop Grumman posts record $104.7B backlog on $20B of net awards as Q2 2026 sales rise 5% to $10.9B, though EPS of $7.68 fell 6% against a divestiture-boosted year-ago comp; FY2026 sales and EPS guidance raised. Sales of $10.9B rose 5% YoY (+10% sequentially), roughly in line with the segment's recent run rate Diluted EPS of $7.68 fell 6% YoY vs $8.15, but the prior-year quarter included a $150M ($1.04/share) one-time gain from the training services divestiture Segment operating margin was 10.6%, down from 11.8% a year ago and slightly below Q1 2026's 10.8% Total backlog hit a company-record $104.7B, up 9% from the $95.7B year-end 2025 base, on $20B of net new awards, resolving the flat-backlog concern from Q1 2026 By segment: Aeronautics Systems +13% YoY, Defense Systems +5%, Mission Systems +3% (bes. On the outlook: FY2026 sales raised to $43.75B-$44.25B (from $43.50B-$44.00B); MTM-adjusted EPS raised to $28.60-$29.10 (from $27.40-$27.90); segment operating income guidance of $4.85B-$5.00B and adjusted free cash flow guidance of $3.1B-$3.5B both reaffirmed. Figures are for Q2 2026, as Northrop Grumman Corporation reported them.
- Revenue
- $10.9B
- Net Income
- $1.1B
- EPS
- $7.70
- Total Assets
- $50.8B
- Operating Cash Flow
- $1.3B
Recent quarters
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| Q2 FY2026 | $10.9B | $1.1B | $7.68 | 10.08% | $978M |
| Q1 FY2026 | $9.9B | $875M | $6.14 | 10.01% | -$1.8B |
| Q4 FY2025 | $11.7B | $1.4B | $9.99 | 8.88% | $3.2B |
| Q3 FY2025 | $10.4B | $1.1B | $7.67 | 11.92% | $1.3B |
| Q2 FY2025 | $10.4B | $1.2B | $8.15 | 13.77% | $637M |
Recent fiscal years
| Period | Revenue | Net Income | EPS | Operating Margin | Free Cash Flow |
|---|---|---|---|---|---|
| FY2025 | $42.0B | $4.2B | $29.08 | 10.2% | $3.3B |
| FY2024 | $41.0B | $4.2B | $28.34 | 10.65% | $2.6B |
| FY2023 | $39.3B | $2.1B | $13.53 | 6.46% | $2.1B |
Frequently asked questions
What was Northrop Grumman Corporation's revenue last quarter?
Northrop Grumman Corporation reported revenue of $10.88 billion for Q2 FY2026, up 5.1% from the same period a year earlier.
Is Northrop Grumman Corporation profitable?
Yes. Northrop Grumman Corporation reported net income of $1.09 billion for Q2 FY2026, a net margin of 10.06% on revenue.
How has Northrop Grumman Corporation's margin trended?
Operating margin was 10.08% in Q2 FY2026, compared with 13.77% in the same period a year earlier. The quarter by quarter series is on the SentiSense financials page.
When does Northrop Grumman Corporation report next?
Northrop Grumman Corporation is scheduled to report results on 2026-10-20. The company has confirmed that date.
Full income statement, balance sheet and cash flow for Northrop Grumman Corp. on SentiSense, with up to forty quarters and twenty fiscal years of history.