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Northrop Grumman NOC Q1 2026 earnings

Reported April 21, 2026 · Before market open

Revenue$9.9BBeat by $130.5M
EPS$6.14Beat by $0.08
Revenue estimate$9.8B
EPS estimate$6.06

Next report

Oct 20, 2026 (In 2 weeks)
Revenue estimate$11.1B
EPS estimate$7.17

Financials

Q1 2026

Income statement

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Revenue$9.9B+4.4%
Operating income$989.0M+72.6%
Net income$875.0M+81.9%
EPS (diluted)$6.14+84.9%

Balance sheet

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Cash & equivalents$2.1B+24.0%
Total debt$17.1B+2.7%
Total equity$17.1B+14.2%
Total assets$50.0B+3.2%

Cash flow

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Operating cash flow-$1.7B-5.8%
CapEx$167.0M-34.8%
Free cash flow-$1.8B-0.1%

Valuation & ratios

Valuation

as of 03/31/26
See full
Market cap$96.82B+30.6%
Enterprise value$111.81B+25.5%
P/E21.2×+1.2×
P/S2.3×+0.4×

Profitability

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Operating margin11.6%+2.0pp
Net margin10.8%+1.6pp
FCF margin7.8%+3.4pp

Returns & leverage

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Return on equity28.5%+3.1pp
Debt / equity1×-0.1×
Current ratio1.2×+0.2×

Segments

By segment

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Aeronautics Systems$3.3B+16.7%
Mission Systems$2.9B+1.9%
Space Systems$2.5B-3.4%
Defense Systems$1.9B+5.2%

By geography

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Europe$686.0M-2.6%
Intersegment sales$642.0M+22.1%
Asia/Pacific$442.0M+6.0%

FAQ

When did Northrop Grumman report Q1 2026 earnings?
Northrop Grumman (NOC) reported Q1 2026 earnings on April 21, 2026 before market open.
What were Northrop Grumman's Q1 2026 revenue and EPS?
Northrop Grumman reported revenue of $9.9B and eps of $6.14 for Q1 2026.
Did Northrop Grumman beat estimates in Q1 2026?
Revenue beat the consensus estimate of $9.8B by $130.5M. EPS beat the consensus estimate of $6.06 by $0.08.
Where can I find Northrop Grumman's Q1 2026 SEC filings?
You can read the 8-K earnings release (0001133421-26-000015) and the 10-Q periodic report (0001133421-26-000016) directly on SEC EDGAR. The filing index links above go to sec.gov.