Northrop Grumman raises 2026 sales and EPS guidance on strong demand
Northrop Grumman raised its 2026 financial guidance on July 21, 2026, citing strong global demand for its products and services. The company increased sales guidance to $43.75 billion–$44.25 billion (up $250 million from prior guidance of $43.5 billion–$44 billion) and MTM-adjusted EPS to $28.60–$29.10 (up $1.20 from $27.40–$27.90). The company reaffirmed guidance for operating income and adjusted free cash flow. Second quarter 2026 sales grew 5 percent year-over-year to $10.9 billion, and net awards of $20 billion brought total backlog to a company record of $104.7 billion.
- Sales guidance raised to $43.75B–$44.25B, an increase of $250M
- MTM-adjusted EPS guidance raised to $28.60–$29.10, an increase of $1.20
- Second quarter 2026 net awards totaled $20.0 billion
- Backlog reached $104.7 billion, a new company record
- Second quarter 2026 sales increased 5 percent year-over-year to $10.9 billion
- Diluted EPS for second quarter 2026 was $7.68, compared with $8.15 in Q2 2025
- Aeronautics Systems sales increased 13 percent in second quarter 2026
- Second quarter 2026 net cash provided by operating activities increased 47 percent to $1,280 million
The raised guidance reflects accelerating momentum across Northrop Grumman's portfolio and demonstrates management confidence in sustained demand for its defense and aerospace capabilities, with record backlog positioning the company for sustained revenue growth.
Derived from 8-K filed 2026-07-21. Not investment advice. Figures are extracted from the filing; prose is AI-assisted. View the source filing on SEC.gov →