earnings
confidence high
sentiment positive
materiality 0.75
Northrop Grumman Q3 sales rise 7% to $11.1B; EPS $7.89; backlog $109.6B, 2026 guidance raised
NORTHROP GRUMMAN CORP /DE/
- Sales $11.1B, up 7% YoY from $10.4B; all four segments grew, led by Aeronautics +14% and Defense Systems +12%.
- Net earnings $1.1B, diluted EPS $7.89 vs $7.67; operating margin 11.4%, segment operating margin 12.1%.
- Net awards $16.4B, book-to-bill 1.5x; backlog $109.6B, including $4.6B restricted, $2.0B Sentinel, $1.4B Virginia Class, $1.3B F-35.
- 2026 guidance raised: segment operating income midpoint +$65M and MTM-adjusted EPS midpoint +$0.70.
- Adjusted free cash flow $1.81B, up 44% YoY; operating cash flow $1.745B, helped by $371M equipment sale proceeds.