Northrop Grumman (NYSE:NOC) Releases FY 2026 Earnings Guidance

Northrop Grumman (NYSE:NOC) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 28.600-29.100 for the period, compared to the consensus estimate of 27.950. The company issued revenue guidance of $43.8 billion-$44.3 billion, compared to the consensus revenue estimate of $44.0 billion.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on NOC shares. Jefferies Financial Group dropped their target price on Northrop Grumman from $620.00 to $580.00 and set a “hold” rating on the stock in a report on Friday, June 26th. Wall Street Zen cut Northrop Grumman from a “strong-buy” rating to a “hold” rating in a report on Saturday, April 25th. UBS Group increased their price objective on shares of Northrop Grumman from $666.00 to $685.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company reissued an “overweight” rating and set a $620.00 target price on shares of Northrop Grumman in a research report on Wednesday, July 8th. Finally, BTIG Research reaffirmed a “buy” rating and set a $815.00 price target on shares of Northrop Grumman in a report on Wednesday, April 22nd. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $657.14.

Northrop Grumman Price Performance

NOC stock opened at $525.50 on Thursday. The stock’s 50 day moving average is $536.10 and its two-hundred day moving average is $623.03. Northrop Grumman has a 52-week low of $479.02 and a 52-week high of $774.00. The company has a market capitalization of $74.64 billion, a PE ratio of 16.69, a P/E/G ratio of 3.36 and a beta of -0.10. The company has a quick ratio of 1.04, a current ratio of 1.17 and a debt-to-equity ratio of 0.81.

Northrop Grumman (NYSE:NOC) last released its earnings results on Tuesday, July 21st. The aerospace company reported $7.68 EPS for the quarter, beating the consensus estimate of $6.82 by $0.86. The company had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.80 billion. Northrop Grumman had a return on equity of 24.25% and a net margin of 10.48%.The business’s revenue was up 5.1% on a year-over-year basis. During the same period in the prior year, the business posted $8.15 EPS. Northrop Grumman has set its FY 2026 guidance at 28.600-29.100 EPS. Analysts predict that Northrop Grumman will post 28.85 earnings per share for the current fiscal year.

Northrop Grumman Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 17th. Shareholders of record on Monday, June 1st were issued a dividend of $2.47 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $9.88 annualized dividend and a yield of 1.9%. This is an increase from Northrop Grumman’s previous quarterly dividend of $2.31. Northrop Grumman’s dividend payout ratio (DPR) is 31.39%.

Northrop Grumman News Summary

Here are the key news stories impacting Northrop Grumman this week:

• Positive Sentiment: Northrop Grumman delivered a solid Q2 beat, with EPS of $7.68 topping estimates and revenue of $10.88 billion above expectations, while also raising full-year 2026 guidance. Northrop Grumman beats Q2 estimates, raises guidance
• Positive Sentiment: The company highlighted record backlog near $105 billion and strong bookings, which supports future revenue visibility and suggests continued demand across key defense programs. Northrop Grumman Corp (NOC) Q2 2026 Earnings Call Highlights: Record Backlog and Raised …
• Positive Sentiment: Northrop Grumman is also expanding in intelligence, surveillance and reconnaissance, including a NATO-focused Airbus pact around MQ-4C Triton systems, which could support longer-term growth. Is Northrop Grumman Expanding Its Presence in the ISR Market?
• Neutral Sentiment: UBS raised its price target to $685 and kept a buy rating, while TD Cowen cut its target to $550 and stayed at hold, underscoring divided analyst sentiment after the earnings report. Northrop Grumman had its price target lowered by TD Cowen
• Neutral Sentiment: The company also drew attention for a space-robot mission to extend the life of aging satellites, highlighting innovation in its space business, though the direct near-term earnings impact is unclear. Northrop Grumman launches private robot mission to strap jetpacks on aging satellites
• Negative Sentiment: Despite the strong quarter, the stock has been under pressure as investors appear to worry about margin compression in some segments and whether the good results were already priced in. Northrop Reports Q2 Double Beat, Record Backlog — Stock Falls Anyway

Hedge Funds Weigh In On Northrop Grumman

Several large investors have recently modified their holdings of NOC. Invesco Ltd. increased its holdings in Northrop Grumman by 3.9% in the fourth quarter. Invesco Ltd. now owns 1,666,517 shares of the aerospace company’s stock valued at $950,265,000 after buying an additional 62,817 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Northrop Grumman by 1.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 864,580 shares of the aerospace company’s stock worth $492,992,000 after buying an additional 8,369 shares during the last quarter. First Trust Advisors LP grew its position in shares of Northrop Grumman by 13.0% in the 4th quarter. First Trust Advisors LP now owns 523,825 shares of the aerospace company’s stock worth $298,690,000 after acquiring an additional 60,199 shares in the last quarter. Raymond James Financial Inc. grew its position in shares of Northrop Grumman by 5.4% in the 2nd quarter. Raymond James Financial Inc. now owns 379,834 shares of the aerospace company’s stock worth $189,909,000 after acquiring an additional 19,572 shares in the last quarter. Finally, Alliancebernstein L.P. increased its holdings in shares of Northrop Grumman by 14.3% in the 2nd quarter. Alliancebernstein L.P. now owns 307,207 shares of the aerospace company’s stock valued at $153,597,000 after acquiring an additional 38,321 shares during the last quarter. Institutional investors own 83.40% of the company’s stock.

Northrop Grumman Company Profile

Northrop Grumman Corporation (NYSE: NOC) is a leading U.S.-based aerospace and defense company that designs, builds and sustains advanced systems, products and technologies for government and commercial customers. Formed through the combination of Northrop and Grumman businesses in the 1990s, the company’s portfolio spans manned and unmanned aircraft, space systems, missile defense, radar and sensor systems, and integrated command, control, communications, computers, intelligence, surveillance and reconnaissance (C4ISR) solutions.

The company’s work includes airframe and platform manufacturing, space hardware and satellite systems, advanced mission systems and cybersecurity services, as well as logistics, sustainment and modernization programs.