Northrop Grumman Corporation · NOC · Next earnings

Northrop Grumman Corporation reports Tuesday, Oct 20, 2026

NOC reports before market open with consensus EPS at $7.16 and revenue at $11.13B. Last quarter: Northrop Grumman Beats on EPS and Revenue, Raises Full-Year Guidance on Record Backlog

Reports Before market open30 days awayDate estimated Industrials

What the street expects

Consensus for the coming report
Consensus EPS $7.16 Calendar consensus
Consensus revenue $11.13B Calendar consensus
Report date Oct 20, 2026 Tuesday, date estimated
Session Before market open 30 days away

Where NOC left off: FY2026 Q2

Full report

Northrop Grumman Beats on EPS and Revenue, Raises Full-Year Guidance on Record Backlog

EPS surprise +12.6% Reported $7.68 vs $6.82
Revenue surprise +0.7% Reported $10.88B vs $10.80B
Stock move -2.2% Event window
Subsequent drift +7.2% Up to 20 sessions

Full-year 2026 sales guidance raised to $44 billion at the midpoint. EPS guidance increased by $1.20. Capex outlook remains increasing, consistent with the Q1 trajectory when capex guidance was raised to $1.85 billion for 2026. Guidance sentiment improved from maintained (Q1) to raised (Q2).

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Unfavorable EAC adjustments on GEM 63XL and Stand-in Attack Weapon increasing program costs.
  • Potential delays in qualification testing for Sentinel and SAW.
  • Revenue pressure from NASA's HALO program restructure.
  • Reliance on FY2027 supplemental defense funding and appropriations.
  • Inflation and pricing certainty for the $10 billion SRM opportunity over seven years.

Questions analysts left open

  • Impact of tax adjustments on EPS guidance.
  • Details of the EAC cost overruns for SAW and GEM 63XL.
  • Size and market share potential of the upcoming PAC-3 contract.
  • Timing and revenue impact of the HALO program restructuring.
  • CapEx level versus free cash flow expectations.

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Recent NOC quarters

All NOC earnings
-2.2%FY2026 Q2

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q2

Methodology

The report date comes from FN2's resolved corporate-events calendar and is marked estimated until the company confirms it. Consensus figures are the calendar's latest analyst estimates for the fiscal period and are not an FN2 forecast.

Risks and open questions are carried forward verbatim from FN2's structured analysis of the previous earnings call. Missing values stay missing and are never estimated.

By FN2 Research · Updated . For educational purposes only; not investment advice.