Deferred Revenue
Northrop Grumman Deferred Revenue decreased by 9.5% to $3.70B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 0.4%, from $3.71B to $3.70B. Over 5 years (FY 2020 to FY 2025), Deferred Revenue shows an upward trend with a 10.2% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.
Analysis
How to read this metric
An increase suggests strong sales of subscription-based services or bundled offerings, providing a predictable pipeline for future revenue recognition.
Detailed definition
Represents cash payments received from customers in advance of the company fulfilling its performance obligations, speci...
Peer comparison
High-growth software and services companies typically maintain larger deferred revenue balances relative to pure hardware manufacturers.
deferred_revenue_currentHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $2.53B | $2.59B | $3.03B | $2.88B | $2.73B | $3.11B | $3.61B | $3.21B | $3.40B | $3.46B | $4.19B | $3.53B | $3.29B | $3.16B | $4.07B | $3.71B | $4.00B | $3.56B | $4.09B | $3.70B |
| QoQ Change | — | +2.7% | +16.7% | -5.0% | -4.9% | +13.6% | +16.2% | -11.0% | +5.8% | +1.8% | +21.3% | -15.8% | -6.7% | -4.1% | +28.9% | -8.8% | +7.7% | -10.9% | +14.7% | -9.5% |
| YoY Change | — | — | — | — | +8.2% | +19.8% | +19.3% | +11.6% | +24.3% | +11.3% | +16.2% | +9.9% | -3.1% | -8.7% | -2.9% | +5.1% | +21.4% | +12.8% | +0.4% | -0.4% |
Deferred Revenue at Other Companies
Frequently Asked Questions
- What is Northrop Grumman's deferred revenue?
- Northrop Grumman (NOC) reported deferred revenue of $3.70B in Q1 2026.
- How has Northrop Grumman's deferred revenue changed year-over-year?
- Northrop Grumman's deferred revenue decreased by 0.4% year-over-year, from $3.71B to $3.70B.
- What is the long-term trend for Northrop Grumman's deferred revenue?
- Over 5 years (2020 to 2025), Northrop Grumman's deferred revenue has grown at a 10.2% compound annual growth rate (CAGR), from $2.52B to $4.09B.
- What does deferred revenue mean?
- Money collected from customers for products or services that haven't been delivered yet but will be within a year.