Northrop Grumman NOC Q2 2026: $7.68 EPS Beats by Nearly 13%
As seen on the 24/7 Wall St. homepage on July 21, 2026.
Defense contractor crushed earnings with $7.68 EPS on a record $104.7B backlog and $20B in quarterly awards, prompting full-year guidance hikes across sales and adjusted earnings as global defense demand shows no signs of cooling.
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Northrop Grumman posted Q2 2026 earnings per share of $7.68, clearing the consensus estimate of roughly $6.82 by nearly 13%. Revenue came in at $10.876 billion, edging past expectations of about $10.807 billion. The beat extends a pattern of outperformance — the company has topped EPS estimates in six of the past eight quarters, with only Q1 2025 standing out as a significant miss at $3.32 against a $6.26 estimate.
The headline figures were backed by an exceptionally strong demand picture. Northrop reported a record backlog of $104.7 billion alongside $20 billion in new contract awards during the quarter, signaling that customer commitments stretch well into the future. Management responded by raising full-year guidance on both sales and adjusted earnings, reflecting confidence that global defense spending will continue to underpin the business.
Investors watching the stock will want to track whether the elevated award pace sustains into the second half of the year and whether the upgraded guidance proves conservative or aggressive. The SEC filing contains the full breakdown of segment results and the revised outlook figures.
Mentioned: NOC
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