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Here's What Key Metrics Tell Us About Northrop Grumman (NOC) Q2 Earnings

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For the quarter ended June 2026, Northrop Grumman (NOC - Free Report) reported revenue of $10.88 billion, up 5.1% over the same period last year. EPS came in at $7.68, compared to $7.11 in the year-ago quarter.

The reported revenue represents a surprise of +0.73% over the Zacks Consensus Estimate of $10.8 billion. With the consensus EPS estimate being $6.84, the EPS surprise was +12.28%.

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.

As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.

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- Mission Systems: $3.25 billion versus the three-analyst average estimate of $3.21 billion. The reported number represents a year-over-year change of +3%.
  • Sales- Aeronautics Systems: $3.52 billion versus the three-analyst average estimate of $3.27 billion. The reported number represents a year-over-year change of +13%.
  • Sales- Intersegment eliminations: $-739 million versus $-556.86 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +32.7% change.
  • Sales- Space Systems: $2.75 billion compared to the $2.76 billion average estimate based on three analysts. The reported number represents a change of +4% year over year.
  • Sales- Defense Systems: $2.09 billion compared to the $2.14 billion average estimate based on three analysts. The reported number represents a change of +5.1% year over year.
  • Operating income (loss)- Intersegment eliminations: $-97 million versus $-79.82 million estimated by three analysts on average.
  • Operating income (loss)- Mission Systems: $501 million compared to the $468.64 million average estimate based on three analysts.
  • Operating income (loss)- Space Systems: $236 million versus $298.67 million estimated by three analysts on average.
  • Operating income (loss)- Aeronautics Systems: $362 million versus the three-analyst average estimate of $306.92 million.
  • Operating income (loss)- Defense Systems: $156 million compared to the $213.11 million average estimate based on three analysts.
  • Segment operating income adjustment- Unallocated corporate expenses: $-69 million versus $-54.5 million estimated by two analysts on average.

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

Shares of Northrop Grumman have returned +3.3% over the past month versus the Zacks S&P 500 composite's -0.6% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.

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