Quarterly ResultJul 21, 2026, 04:07 PM
Northrop Grumman Q2 Sales $10.88B; YTD EPS $13.83; Dividend +7%
AI Summary
Northrop Grumman reported increased sales for both the second quarter and year-to-date 2026, reaching $10.88 billion and $20.76 billion, respectively. While Q2 net earnings and diluted EPS saw a slight decrease compared to the prior year, year-to-date figures showed significant growth. The company also announced a 7% increase in its quarterly dividend and maintained a strong backlog of $104.7 billion. However, cash and cash equivalents decreased, and the company recorded significant unfavorable EAC adjustments on key programs like GEM 63XL and SiAW, alongside ongoing B-21 program loss accruals.
Key Highlights
- Total sales for Q2 2026 increased to $10.88 billion from $10.35 billion in Q2 2025.
- Year-to-date 2026 net earnings rose to $1.97 billion from $1.66 billion in 2025.
- Diluted EPS for Q2 2026 was $7.68, down from $8.15 in Q2 2025.
- Year-to-date 2026 diluted EPS increased to $13.83 from $11.45 in 2025.
- Company backlog as of June 30, 2026, stood at $104.7 billion.
- Quarterly common stock dividend increased by 7% to $2.47 per share in May 2026.
- Net cash used in operating activities was $376 million for YTD 2026, an improvement from $697 million in YTD 2025.
- Repaid $527 million of long-term debt during the six months ended June 30, 2026.
Price Impact
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