What is Northrop Grumman's change in deferred revenue?

Northrop Grumman (NOC) reported change in deferred revenue of -$389M in Q1 2026.

How has Northrop Grumman's change in deferred revenue changed year-over-year?

Northrop Grumman's change in deferred revenue decreased by 8.7% year-over-year, from -$358M to -$389M.

What does change in deferred revenue mean?

Change in payments received from customers for goods/services not yet delivered — a key SaaS and subscription metric.

Northrop Grumman NOC Change in Deferred Revenue

Change in Deferred Revenue at other companies

BoeingBA

$3.18B+307%

General DynamicsGD

$764M+5,777%

Raytheon TechnologiesRTX

$94M-74.8%

L3Harris TechnologiesLHX

$461M+2,981%

Lockheed MartinLMT

-$705M-67.9%

nLIGHT, Inc.LASR

$2.61M+455%

Other financials

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

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Market cap$70.92B-1.0%

Enterprise value$85.91B-0.8%

P/E15.5×-3.8×

P/S1.7×-0.1×

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×

Where this comes from

Reported directly by Northrop Grumman in its filing.

Tagged under the XBRL concept us-gaap:IncreaseDecreaseInContractWithCustomerLiability.

The official record: Northrop Grumman’s 10-Q, filed April 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Northrop Grumman's change in deferred revenue?: Northrop Grumman (NOC) reported change in deferred revenue of -$389M in Q1 2026.
How has Northrop Grumman's change in deferred revenue changed year-over-year?: Northrop Grumman's change in deferred revenue decreased by 8.7% year-over-year, from -$358M to -$389M.
What does change in deferred revenue mean?: Change in payments received from customers for goods/services not yet delivered — a key SaaS and subscription metric.