Northrop Grumman, which traded at $510.55 on the 22nd, reported second-quarter revenue of $10.9 billion, topping market expectations, according to an SEC Form 8-K filing.
📊 Price at Time of Writing (July 22, 2026, 01:04 AM KST)
$510.55 ▼ -2.56%
This Quarter at a Glance
Second-quarter revenue rose 5% year-over-year and 10% quarter-over-quarter, driven by broad-based growth across the aeronautics and missile defense segments. Net income fell 7%, reflecting a high base from a divestiture gain recorded a year earlier.
- Revenue: $10.9 billion, +5% YoY, +10% QoQ
- Earnings per share (EPS): $7.68, down 6% from $8.15 a year earlier (still above market expectations, per media reports)
- Operating income: $1.1 billion, operating margin 10.1%
- New orders: $20.0 billion; backlog rose to a record $105.0 billion
Outlook
Northrop Grumman raised its full-year 2026 revenue guidance to $43.75 billion–$44.25 billion, up $250 million from its prior forecast. The company also raised its guidance for MTM-adjusted EPS — earnings per share excluding mark-to-market gains and losses on pension and other assets — to $28.60–$29.10, a $1.20 increase. Guidance for operating income and adjusted free cash flow was left unchanged. Chairman and CEO Kathy Warden said, 'We are raising our revenue and EPS outlook for the year based on our confidence in the team and demand for our technologies.'
Market Reaction
On the 22nd, the day after the earnings release, Northrop Grumman shares fell 2.56% to $510.55. Reuters reported that the company 'raised its 2026 outlook on strong weapons demand.' Other outlets, including StockStory, also noted that quarterly revenue topped market expectations. Operating income, however, fell 23% due to a high base from last year's divestiture gain.
Segment Breakdown
- Aeronautics Systems: $3.519 billion, +13% YoY
- Defense Systems: $2.093 billion, +5% YoY
- Mission Systems: $3.250 billion, +3% YoY
- Space Systems: $2.753 billion, +4% YoY
This article was automatically generated based on the original SEC Form 8-K filing and media reports, with the goal of delivering key data quickly after the announcement. Readers are advised to review the company's official filing before making trading decisions. The stock price reflects the time of writing and may differ from the current price.
