| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 10.9K | 10.1% | 5.1% |
| Total Income | 10.9K | 10.1% | 5.1% |
| Expenditure | 9.8K | 10.0% | 9.6% |
| PBT | 1.2K | 13.4% | 18.1% |
| Net Profit | 1.1K | 25.0% | 6.8% |
| OPM | 10.08% | 0.07pp | 3.69pp |
| NPM | 10.06% | 1.20pp | 1.28pp |
| EPS | 7.70 | 25.0% | 5.8% |
Northrop Grumman Reports Q2 2026 Financial Results with Record Backlog and Increased Guidance
21 Jul 2026 · 21 Jul, 4:21 pm
Summary
Northrop Grumman reported a 5 percent year-over-year increase in second quarter 2026 sales, reaching $10.9 billion, driven by strong demand across its global capabilities. The company achieved a new record backlog of $105 billion following $20 billion in net awards during the quarter. Diluted EPS stood at $7.68, while operating income was $1.1 billion. Management expressed confidence by raising the full-year 2026 guidance for both sales and MTM-adjusted EPS.
Key Highlights
- 1
Northrop Grumman reported second quarter 2026 sales of $10.9 billion, a 5 percent increase year-over-year.
- 2
Net awards of $20 billion in the second quarter increased the company's backlog to a new record of $105 billion.
- 3
Second quarter 2026 operating income was $1.1 billion with an operating margin rate of 10.1 percent.
- 4
Diluted earnings per share (EPS) for the second quarter of 2026 was $7.68.
- 5
The company increased its 2026 financial guidance for sales to a range of $43.75 billion to $44.25 billion.
- 6
2026 MTM-adjusted EPS guidance was also increased to a range of $28.60 to $29.10.
Management Comments
Kathy Warden
Northrop Grumman achieved a new record backlog, driven by robust global demand for our products. We are raising our sales and EPS guidance for the year based on our confidence in our team and the demand for our technologies. As momentum accelerates across our portfolio and the budgets continue to support demand, we remain focused on delivering for our customers with speed and precision, and we are proud of our role in preserving the freedoms we celebrate during our nation’s 250th birthday.
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