Northrop Grumman Lifts Full-Year Profit Outlook After Strong Third Quarter
Northrop Grumman posted higher third-quarter profit and sales and raised its full-year adjusted EPS guidance, according to Dow Jones Newswires.
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what happened
Northrop Grumman reported third-quarter profit of $1.12 billion, or $7.89 per share, up from $1.1 billion, or $7.67 per share, a year earlier, Dow Jones Newswires reported. Analysts surveyed by FactSet had pencilled in $7.18 per share.
Revenue climbed 7% to $11.12 billion, slightly below the $11.14 billion analysts had projected. Every business line contributed: aeronautics sales jumped 14%, defense rose 12%, while mission and space each edged up 2%. Net awards reached $16.4 billion in the quarter, lifting backlog to a record $109.6 billion.
Chief Executive Kathy Warden said the record backlog and the company's positioning should keep supporting sales and earnings growth in 2027. For the full year, Northrop raised its adjusted EPS range to $29.35 to $29.75 from $28.60 to $29.10, while keeping its sales forecast at $43.75 billion to $44.25 billion.
why it matters
Analysts had forecast full-year adjusted EPS of $28.93 and sales of $44.07 billion. The new earnings range sits above that consensus, while the sales outlook stays within its previous bounds, which matters for investors tracking the defense sector.
market impact
Defense sector: strong results and a higher profit outlook support interest in NOC shares
tags
instruments
sources
- Northrop Grumman Raises Outlook on Higher 3Q Earnings, Sales — Dow Jones Newswires, 20 October 2026 at 10:49 UTC
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