Northrop Grumman Q2 FY26 sales rise 5% to $10.9 billion; EPS falls 6% to $7.68
NOC•Full-year outlook
2026 guidance was raised for sales to $43.75 billion-$44.25 billion and MTM-adjusted EPS to $28.60-$29.10, while the free-cash-flow outlook was reaffirmed.
Backlog and awards
Net awards totaled $20 billion, lifting backlog to a record $104.7 billion; major wins included $7.6 billion for Sentinel.
Q2 results and operating performance
Northrop Grumman posted Q2 2026 net earnings of $1.09 billion, down 7%, with diluted EPS of $7.68.
Operating income fell 23% to $1.1 billion, pushing operating margin down 3.7 percentage points to 10.1%.
Sales rose 5% to $10.9 billion, driven by higher volume across all four sectors, including a 13% gain at Aeronautics.
