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Business Segments · Operating Income

Space Systems — Operating Income

Northrop Grumman Space Systems — Operating Income decreased by 27.0% to $235M in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 17.0%, from $283M to $235M. Over 4 years (FY 2021 to FY 2025), Space Systems — Operating Income shows relatively stable performance with a 1.4% CAGR. This decline may warrant attention — for this metric, higher values are generally preferred.

Analysis

StatementSegment
CategoryProfitability
SignalHigher is better
VolatilityModerate
First reportedQ4 2018
Last reportedQ1 2026Apr 21, 2026
Rolls up toOperating Income

How to read this metric

Higher operating income suggests strong margin control and efficient project execution, whereas declining income may point to cost overruns or pricing pressure on government contracts.

Detailed definition

This metric measures the profitability of the space systems segment after deducting operating expenses from its total re...

Peer comparison

Similar to segment-level operating profit reported by peers in the defense and space industry.

Metric ID: noc_segment_space_systems_operating_income

Historical Data

20 periods
 Q2 '21Q3 '21Q4 '21Q1 '22Q2 '22Q3 '22Q4 '22Q1 '23Q2 '23Q3 '23Q4 '23Q1 '24Q2 '24Q3 '24Q4 '24Q1 '25Q2 '25Q3 '25Q4 '25Q1 '26
Value$301M$288M$256M$261M$310M$290M$217M$313M$283M$302M$290M$330M$304M$345M$275M$283M$280M$298M$322M$235M
QoQ Change-4.3%-11.1%+2.0%+18.8%-6.5%-25.2%+44.2%-9.6%+6.7%-4.0%+13.8%-7.9%+13.5%-20.3%+2.9%-1.1%+6.4%+8.1%-27.0%
YoY Change+3.0%+0.7%-15.2%+19.9%-8.7%+4.1%+33.6%+5.4%+7.4%+14.2%-5.2%-14.2%-7.9%-13.6%+17.1%-17.0%
Range$217M$345M
CAGR-5.1%
Avg YoY Growth+1.5%
Median YoY Growth+1.8%

Frequently Asked Questions

What is Northrop Grumman's space systems — operating income?
Northrop Grumman (NOC) reported space systems — operating income of $235M in Q1 2026.
How has Northrop Grumman's space systems — operating income changed year-over-year?
Northrop Grumman's space systems — operating income decreased by 17.0% year-over-year, from $283M to $235M.
What is the long-term trend for Northrop Grumman's space systems — operating income?
Over 4 years (2021 to 2025), Northrop Grumman's space systems — operating income has grown at a 1.4% compound annual growth rate (CAGR), from $1.12B to $1.18B.
What does space systems — operating income mean?
The profit earned from the space systems business segment after accounting for operating costs.