Northrop Grumman Lifts 2026 Outlook After Q2 Revenue Beat, Record Backlog
NOC is trading near its 52-week low of $493.84 (7.7% above the low).
Summary
Northrop Grumman reported Q2 revenue of $10.88B, edging past the $10.81B consensus, and raised its full-year 2026 guidance. Sales are now seen at $43.75B-$44.25B, with MTM-adjusted EPS of $28.60-$29.10, reflecting strong demand across all segments. The backlog hit a record $105B after $20B in net awards, signaling sustained growth. This follows a prior news item highlighting the backlog, but today's release adds the revenue beat and upgraded outlook. The stock, trading at 18x forward earnings, may see positive momentum as the raised guidance exceeds prior expectations.
At the time of this announcement, NOC was trading at $531.79 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $74.4B. The 52-week trading range was $493.84 to $774.00. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Reuters.