Northrop Grumman (NOC) Q2 2026 Earnings Beat, Guidance Raised
Northrop Grumman (NOC) posted stronger-than-expected Q2 2026 results, with revenue of $10.8B and EPS of $6.52. The company raised its full-year sales guidance and reported a record backlog of $85B, driven by large defense awards. The stock is down ~10% YTD but may find support from the positive earnings.
Key Numbers
Northrop Grumman (NOC) reported second-quarter 2026 earnings that beat analyst expectations, fueled by major defense contract awards that pushed its backlog to a record high. The company also raised its full-year sales guidance, signaling strong operational momentum.
Key Financial Results
| Metric | Q2 2026 | YoY Change |
|---|---|---|
| Revenue | $10.8B | +8% |
| Net Income | $1.2B | +12% |
| EPS | $6.52 | +10% |
Highlights from the Report
Northrop Grumman attributed the strong performance to robust demand for advanced defense systems, particularly in missile and drone programs. The backlog reached a record $85 billion, providing clear revenue visibility for future quarters.
Guidance
Northrop Grumman raised its full-year 2026 revenue guidance to $42.5 billion (from $41.8 billion), expecting continued growth in the second half.
Stock Impact
Despite the positive results, NOC shares have fallen about 10% year-to-date, weighed by broader defense sector concerns. However, the strong earnings and raised guidance could help reverse the trend.
What This Means for Investors
The results underscore Northrop Grumman's solid fundamentals, with a record backlog supporting future growth. However, the YTD stock decline warrants monitoring of macro and sector factors.
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