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Northrop Grumman (NOC) Reports Q3 Earnings: What Key Metrics Have to Say

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Northrop Grumman (NOC - Free Report) reported $10.42 billion in revenue for the quarter ended September 2025, representing a year-over-year increase of 4.3%. EPS of $7.67 for the same period compares to $7.00 a year ago.

The reported revenue represents a surprise of -2.78% over the Zacks Consensus Estimate of $10.72 billion. With the consensus EPS estimate being $6.49, the EPS surprise was +18.18%.

While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Northrop Grumman performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Sales- Intersegment eliminations: $-569 million versus the four-analyst average estimate of $-501.43 million. The reported number represents a year-over-year change of -13.7%.
  • Sales- Mission Systems: $3.09 billion versus $3 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +9.6% change.
  • Sales- Space Systems: $2.7 billion versus $2.51 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -6% change.
  • Sales- Defense Systems: $2.06 billion versus the four-analyst average estimate of $2.5 billion. The reported number represents a year-over-year change of -1.2%.
  • Sales- Aeronautics Systems: $3.14 billion compared to the $3.21 billion average estimate based on four analysts. The reported number represents a change of +9.2% year over year.
  • Operating income (loss)- Intersegment eliminations: $-75 million compared to the $-71.19 million average estimate based on four analysts.
  • Operating income (loss)- Defense Systems: $234 million compared to the $236.83 million average estimate based on four analysts.
  • Operating income (loss)- Mission Systems: $515 million versus the four-analyst average estimate of $458.41 million.
  • Operating income (loss)- Space Systems: $298 million versus the four-analyst average estimate of $306.1 million.
  • Operating income (loss)- Aeronautics Systems: $305 million versus the four-analyst average estimate of $310.97 million.
  • Segment operating income adjustment- Unallocated corporate expenses: $-102 million versus $-99.96 million estimated by three analysts on average.
  • Segment operating income adjustment- FAS/CAS operating adjustment: $67 million versus $63.92 million estimated by three analysts on average.

View all Key Company Metrics for Northrop Grumman here>>>

Shares of Northrop Grumman have returned +4.5% over the past month versus the Zacks S&P 500 composite's +1.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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