Northrop Grumman Q2 2026 net earnings fall 7% to $1.09 billion; sales rise 5% to $10.88 billion
NOC•Northrop Grumman Q2 results
- Northrop Grumman posted Q2 net earnings of $1.09 billion, down 7%, while diluted EPS fell 6% to $7.68.
- Sales rose 5% to $10.88 billion, but operating income dropped 23% to $1.1 billion as operating margin narrowed 3.7 percentage points to 10.1%.
- Income tax expense slid 71% to $74 million, pushing the effective tax rate down to 6.3% from 17.7% on UTP remeasurement.
- Segment profit dipped 5% to $1.16 billion, with Defense Systems operating income down 38% to $156 million, partly offset by Mission Systems up 14% to $501 million.
- Backlog climbed 9% to $104.69 billion, with Q2 net awards of $20 billion including a Sentinel backlog increase.
