Quarterly ResultJul 21, 2026, 06:51 AM
Northrop Grumman Q2 Sales $10.9B, EPS $7.68; Raises 2026 Guidance
AI Summary
Northrop Grumman Corporation reported strong second quarter 2026 financial results, with sales increasing 5% year-over-year to $10.9 billion. The company achieved a new record backlog of $105 billion, driven by $20 billion in net awards. Diluted EPS was $7.68, a 6% decrease compared to the prior year, which included a significant benefit from a divestiture. Based on this performance and demand, Northrop Grumman raised its full-year 2026 sales and MTM-adjusted EPS guidance.
Key Highlights
- Net awards of $20 billion increased backlog to a new company record of $105 billion.
- Q2 2026 sales increased 5% year-over-year to $10.9 billion.
- Diluted earnings per share (EPS) for Q2 2026 was $7.68, down 6% due to prior year divestiture benefit.
- Company increased 2026 sales guidance to between $43.75 billion and $44.25 billion.
- MTM-adjusted EPS guidance for 2026 was raised to between $28.60 and $29.10.
- Aeronautics Systems Q2 sales grew 13% to $3.519 billion.
- Net cash provided by operating activities increased 47% to $1.280 billion in Q2 2026.
Price Impact
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