Northrop Grumman Corporation · NOC · Next earnings

Northrop Grumman Corporation reports Tuesday, Jan 26, 2027

NOC reports before market open with consensus EPS at $7.94 and revenue at $12.21B. Last quarter: Northrop Grumman: Strong Q3, Higher Outlook, Bigger Backlog

Reports Before market open82 days awayDate estimated Industrials

What the street expects

Consensus for the coming report
Consensus EPS $7.94 Calendar consensus
Consensus revenue $12.21B Calendar consensus
Report date Jan 26, 2027 Tuesday, date estimated
Session Before market open 82 days away

Where NOC left off: FY2026 Q3

Full report

Northrop Grumman: Strong Q3, Higher Outlook, Bigger Backlog

EPS surprise +9.9% Reported $7.89 vs $7.18
Revenue surprise -0.2% Reported $11.12B vs $11.14B
Stock move +4.6% Event window
Subsequent drift 0.0% Up to 20 sessions

Management raised 2026 expectations and described 2027 sales growth with further margin expansion.

What to watch on the call

Carried forward from the last transcript

Risks management flagged

  • Defense funding uncertainty could affect program timing.
  • Production ramps may bring cost overruns or mix-related margin pressure.
  • International awards and capacity expansion carry execution risk.
  • Microelectronics and autonomy initiatives remain scaling efforts.

Questions analysts left open

  • Execution and cost risk as B-21 production ramps.
  • Whether margin gains persist through mix changes.
  • Differentiation and market potential for Fortitude.
  • Funding and timing uncertainty around defense appropriations.

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Recent NOC quarters

All NOC earnings
+4.6%FY2026 Q3-2.2%FY2026 Q2-7.0%FY2026 Q1+2.7%FY2025 Q4

Sources

  1. FN2 corporate events calendar, resolved from the earnings calendar feed
  2. FN2 earnings calendar analyst consensus
  3. Earnings call transcript analysis, FY2026 Q3

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.