Operating Income
Northrop Grumman Operating Income decreased by 22.2% to $989.00M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 72.6%, from $573.00M to $989.00M. Over 3 years (FY 2021 to FY 2025), Operating Income shows a downward trend with a -7.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
Higher operating income indicates strong operational efficiency and pricing power, while a decline suggests rising costs or weakening demand.
Detailed definition
Operating income is the profit realized from a company's core business operations after deducting all operating expenses...
Peer comparison
A standard benchmark for operational performance; peers are compared based on operating margin percentages.
operating_incomeHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.04B | $1.04B | $742.00M | $897.00M | $954.00M | $844.00M | $906.00M | $947.00M | $967.00M | $1.02B | $1.07B | $1.09B | $1.12B | $1.09B | $573.00M | $1.43B | $1.24B | $1.27B | $989.00M |
| QoQ Change | — | -0.1% | -28.9% | +20.9% | +6.4% | -11.5% | +7.3% | +4.5% | +2.1% | +5.1% | +5.4% | +1.8% | +2.8% | -2.8% | -47.4% | +148.7% | -12.8% | +2.3% | -22.2% |
| YoY Change | — | — | — | — | -8.6% | -19.1% | +22.1% | +5.6% | +1.4% | +20.4% | +13.1% | +12.7% | +10.2% | — | -46.5% | +30.7% | +10.9% | +16.7% | +72.6% |
Product Breakdown
| Segment | Q3 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q1 '26 |
|---|---|---|---|---|---|
| B-21 Program LRIP Options 1-4 | — | — | — | — | -$157.00M |
| GEM 63 Program | — | — | — | — | -$71.00M |
| B-21 Program LRIP Options 1-2 | — | -$226.00M | — | $122.00M | — |
| HALO Program | $39.00M | — | — | — | — |
| Restricted Microelectronics Portfolio | — | — | — | $68.00M | — |
| Sentinel EMD phase | — | — | $76.00M | — | — |
| Total | $1.12B | $573.00M | $1.43B | $1.24B | $989.00M |
B-21 Program LRIP Option 1, B-21 Program LRIP Options are derived from annual filings.
B-21 Program LRIP Option 1, B-21 Program LRIP Options, B-21 Program LRIP Options 1-2, HALO Program, Restricted Microelectronics Portfolio, Sentinel EMD phase were previously reported and have since been discontinued or reclassified. Only currently active segments are shown in the chart.
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Mission Systems | $361.00M | $390.00M | $469.00M | $361.00M | $441.00M | $515.00M | $510.00M | $433.00M |
| Aeronautics Systems | $312.00M | $309.00M | $309.00M | -$183.00M | $321.00M | $305.00M | $370.00M | $305.00M |
| Space Systems | $304.00M | $345.00M | $275.00M | $283.00M | $280.00M | $298.00M | $322.00M | $235.00M |
| Defense Systems | $191.00M | $160.00M | $209.00M | $179.00M | $253.00M | $234.00M | $205.00M | $184.00M |
| Total | $1.09B | $1.12B | $1.09B | $573.00M | $1.43B | $1.24B | $1.27B | $989.00M |
Operating Income at Other Companies
Frequently Asked Questions
- What is Northrop Grumman's operating income?
- Northrop Grumman (NOC) reported operating income of $989.00M in Q1 2026.
- How has Northrop Grumman's operating income changed year-over-year?
- Northrop Grumman's operating income increased by 72.6% year-over-year, from $573.00M to $989.00M.
- What is the long-term trend for Northrop Grumman's operating income?
- Over 3 years (2021 to 2025), Northrop Grumman's operating income has grown at a -7.2% compound annual growth rate (CAGR), from $5.65B to $4.51B.
- What does operating income mean?
- The profit a company makes from its core business operations before interest and taxes.