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Northrop Grumman NOC Intersegment sales — Revenue

Other geography segments

Europe
$828M+10.1%
Asia/Pacific
$536M+18.6%

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Other financials

Income statement

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Revenue$10.9B+5.1%
Operating income$1.1B-23.1%
Net income$1.1B-6.8%
EPS (diluted)$7.68-5.8%

Balance sheet

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Cash & equivalents$2.3B+21.5%
Total debt$17.1B-2.6%
Total equity$17.9B+15.6%
Total assets$50.8B+2.7%

Cash flow

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Operating cash flow-$1.7B-5.8%
CapEx$302.0M+30.7%
Free cash flow-$1.8B-0.1%

Valuation

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Market cap$79.2B-6.1%
Enterprise value$93.94B-6.1%
P/E17.6×-3.8×
P/S1.9×-0.2×

Profitability

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Operating margin10.7%+0.3pp
Net margin10.5%+0.7pp
FCF margin7.8%+3.4pp

Returns & leverage

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Return on equity27%+0.5pp
Debt / equity-0.2×
Current ratio1.2×+0.1×

Where this comes from

Reported directly by Northrop Grumman in its filing.

Tagged under the XBRL concept us-gaap:Revenues.

The source filing: Northrop Grumman’s 10-Q, filed July 21, 2026.

Filed
Jul 21, 2026, 4:02 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001133421-26-000034
$ in millions, except per share amountsThree Months Ended June 30 / 2026Three Months Ended June 30 / 2025Six Months Ended June 30 / 2026Six Months Ended June 30 / 2025
Sales
Product$8,808$8,258$16,766$15,779
Service2,0682,0933,9914,040
Total sales10,87610,35120,75719,819
Operating costs and expenses
Product7,1556,52613,58812,892
Service1,6001,6153,0883,137
General and administrative expenses1,0251,0161,9962,023

Item 1. Financial Statements (Unaudited)

FAQ

What is Northrop Grumman's intersegment sales — revenue?
Northrop Grumman (NOC) reported intersegment sales — revenue of $739M in Q2 2026.
How has Northrop Grumman's intersegment sales — revenue changed year-over-year?
Northrop Grumman's intersegment sales — revenue increased by 32.7% year-over-year, from $557M to $739M.
What is the long-term trend for Northrop Grumman's intersegment sales — revenue?
Over 2 years (2021 to 2023), Northrop Grumman's intersegment sales — revenue has grown at a -2.6% compound annual growth rate (CAGR), from $2.11B to $2B.
What does intersegment sales — revenue mean?
This metric represents the total revenue generated from the sale of goods or services by one operating segment to another within the same consolidated corporate entity. It reflects the internal supply chain dynamics and the integration of components or services across different business units, such as aerospace and mission systems. These transactions are typically eliminated during consolidation to report external revenue, but they are critical for understanding internal resource allocation and segment-level operational dependencies.

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