Northrop Grumman Corporation (NOC) earnings on July 21, 2026
More Northrop Grumman Corporation earnings
Prior outlook: No statistical edge
Northrop Grumman's stock initially rose 2.9% after strong results and record orders, but reversed to close down 3%.
NOC price around the earnings
512.29
Change: -2.6%
2026-07-21, 20:00 UTC
Start of the measured window
End of the measured window
479.05
499.80
520.54
541.29
525.98
July 21, 2026
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- Starting price
Prior thesis
Prior outlook: No statistical edge
- Thesis published
- Results released
Exceptional past earnings beat record and analysts are optimistic, recovering from recent negative trend.
Context analyzed before publication
- Trend
- Recovering from prior negative trend strength, showing a recent positive shift and bounce potential into earnings.
Analysts
Evidence
- Analyst moves in the last 60 days
- 5
- Strong buy: 4
- Buy: 10
- Hold: 9
- Sell: 0
- Strong sell: 0
- Strong buy
- 4
- Buy
- 10
- Hold
- 9
- Sell
- 0
- Strong sell
- 0
- July 14, 2026 · Goldman Sachs: Maintains rating (Neutral → Neutral)
- July 13, 2026 · TD Cowen: Maintains rating (Hold → Hold)
- July 1, 2026 · Citigroup: Maintains rating (Buy → Buy)
- June 26, 2026 · Jefferies: Maintains rating (Hold → Hold)
- May 26, 2026 · Jefferies: Maintains rating (Hold → Hold)
News and sentiment
Evidence
Sentiment
- Sentiment
- Neutral
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (7)
- 3M, General Motors And 3 Stocks To Watch Heading Into Tuesday (opens in a new tab) — Benzinga
- Northrop Grumman Gears Up For Q2 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts (opens in a new tab) — Benzinga
- What's Going on With Northrop Grumman Stock Friday? (opens in a new tab) — Benzinga
- Northrop Grumman Breaks Ground On New Facility To Support Strategic Deterrence And Advanced Aerospace Missions In Utah; Investment Expands Footprint Of Sentinel Program, Adding Hundreds Of New Jobs To Nearly 5,000 Of Co's Employees; : Construction Of New "Legacy Building" Begins This Summer And Will Be Completed By 2028. (opens in a new tab) — Benzinga
- Goldman Sachs Maintains Neutral on Northrop Grumman, Lowers Price Target to $533 (opens in a new tab) — Benzinga
- TD Cowen Maintains Hold on Northrop Grumman, Lowers Price Target to $580 (opens in a new tab) — Benzinga
- Trump’s Trillion‑Dollar Defense Push Could Be a Boon for Lockheed, RTX, Boeing and Northrop (opens in a new tab) — Benzinga
Technicals
Evidence
- Average true range (ATR)
- 2.5%
- Distance to 52-week high
- -31.5%
- 14-day change (14d)
- +5.7%
- 30-day change (30d)
- -3.8%
- 30-day relative strength
- -3.8%
- Benchmark change (0d)
- +0.0%
- Nearest support
- 521.62
- Nearest resistance
- 524.64
- Volume accumulation ratio (14d / 46d)
- 1.43
Trends
Evidence
- Average earnings surprise
- +11.0%
- April 21, 2026: actual EPS 6.14 vs estimate 6.06 (surprise +1.3%)
- January 27, 2026: actual EPS 7.23 vs estimate 6.96 (surprise +3.8%)
- October 21, 2025: actual EPS 7.67 vs estimate 6.46 (surprise +18.8%)
- July 22, 2025: actual EPS 8.15 vs estimate 6.8 (surprise +19.9%)
Expected move
There is no implied-move data available for this event.
Reactions over its last 20 earnings
- Median move
- 2.6%
- 75th percentile move
- 6.5%
- 90th percentile move
- 7.9%
- Up / down moves
- 11 / 9
- Average up move
- +2.8%
- Average down move
- -5.5%
Monitoring and close
What Northrop Grumman Corporation reported
- Status
- Finished
| Actual EPS | 7.68 |
|---|---|
| EPS estimate | 6.82 |
| EPS surprise | +12.6% |
| Revenue | $10,876 million |
| Revenue estimate | $10,803 million |
| Revenue surprise | +0.7% |
Northrop Grumman reports record $105B backlog and raises annual forecast, but shares fall on weak margins and pessimistic outlook.
Sources (28)
- Northrop Grumman Corp (NOC) Q2 2026 Earnings Call Highlights: Record Backlog and Raised ... (opens in a new tab) — GuruFocus.com
- Why Northrop Grumman (NOC) Stock Is Down Today (opens in a new tab) — StockStory
- 📈 Earnings Snippet: Northrop Grumman (opens in a new tab) — The Wall Street Journal
- Northrop Grumman Lifts Outlook as Second-Quarter Orders Boost Backlog to Record High (opens in a new tab) — MT Newswires
- Northrop Grumman Corporation (NOC) Q2 2026 Earnings Call Transcript (opens in a new tab) — SeekingAlpha
- Northrop Grumman Q2 Earnings Call Highlights (opens in a new tab) — MarketBeat
- Northrop Grumman Q2 2026 Earnings Call: Complete Transcript (opens in a new tab) — Benzinga
- Northrop Grumman Lifts Outlook as Backlog Buildup Continues (opens in a new tab) — The Wall Street Journal
- Q2 Earnings Pick Up Steam: GM, MMM, DHI & More (opens in a new tab) — Zacks
- Northrop Grumman Sees Growth Across Key Defense Programs (opens in a new tab) — Zacks
- Northrop Grumman raises 2026 outlook after second-quarter earnings beat (NOC) (opens in a new tab) — InvestorsHub
- Here's What Key Metrics Tell Us About Northrop Grumman (NOC) Q2 Earnings (opens in a new tab) — Zacks
- Northrop Reports Q2 Double Beat, Record Backlog — Stock Falls Anyway (opens in a new tab) — Benzinga
- Northrop Earnings Were Solid. The Stock Still Can’t Catch A Break. (opens in a new tab) — Barrons.com
- Northrop Grumman (NYSE:NOC) Delivers Mixed Q2 Results With Strong Earnings Beat and Record Backlog (opens in a new tab) — ChartMill
- Northrop Grumman (NOC) Beats Q2 Earnings and Revenue Estimates (opens in a new tab) — Zacks
- Northrop Grumman beats Q2 estimates, raises guidance (opens in a new tab) — Investing.com
- CORRECTION: Northrop Grumman Q2 GAAP EPS $7.68 Beats $6.82 Estimate, Sales $10.876B Beat $10.803B Estimate (opens in a new tab) — Benzinga
- Northrop Grumman Lifts Full-Year Outlook as Backlog Buildup Continues (opens in a new tab) — The Wall Street Journal
- Northrop Grumman’s (NYSE:NOC) Q2 CY2026 Sales Beat Estimates (opens in a new tab) — StockStory
- What Northrop Grumman (NOC)'s Roy Sentinel Campus Expansion Means For Shareholders (opens in a new tab) — Simply Wall St.
- Northrop Grumman Releases Second Quarter 2026 Financial Results (opens in a new tab) — Yahoo
- Northrop Grumman Q2 Net Awards +$20B, Backlog $105B (opens in a new tab) — Benzinga
- Northrop Grumman Q2 Adj. EPS $6.77 Misses $6.82 Estimate, Sales $10.876B Beat $10.803B Estimate (opens in a new tab) — Benzinga
- Northrop Grumman Raises FY2026 Adj EPS Guidance from $27.40-$27.90 to $28.60-$29.10 vs $27.97 Est; Raises FY2026 Sales Guidance from $43.500B-$44.000B to $43.750B-$44.250B vs $43.987B Est (opens in a new tab) — Benzinga
- Northrop Grumman Corporation 2026 Q2 - Results - Earnings Call Presentation (opens in a new tab) — SeekingAlpha
- 3M, General Motors And 3 Stocks To Watch Heading Into Tuesday (opens in a new tab) — Benzinga
- Earnings per share: $7.68 vs $6.89 expected — above expectations. Revenue: $10.88B vs $10.91B expected. — Finnhub
Pre-market second reading after the results
Heading into the open, the figures don't clearly confirm the prior scenario.
How the stock reacted
- Consolidated
- -3.1%
- Max move
- -8.9%
No verdict: the outlook took no direction, so there is nothing to score as a hit or a miss.