Northrop Grumman raises 2026 outlook after second-quarter earnings beat
Northrop Grumman reported stronger-than-expected second-quarter results for 2026, with adjusted earnings of $7.68 per share beating the consensus estimate of $6.82, and revenue rising 5% year-over-year to $10.9 billion, slightly above expectations. The defense contractor raised its full-year sales guidance to a range of $43.75-$44.25 billion and its EPS guidance to $28.60-$29.10, citing robust global demand and a record backlog of $105 billion. Major contract awards included $7.6 billion for the Sentinel programme, $4.3 billion for restricted programmes, and $1.0 billion for the F-35 programme. Despite the positive results, shares fell 1.5%. Operating income declined 23% year-over-year due to a prior-year divestiture gain and unfavorable adjustments on certain programmes, narrowing the operating margin to 10.1%.
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