Northrop Grumman (NOC) Stock
Major US defense contractor building aerospace and space systems. Here's the price, business snapshot, and what's worth knowing about Northrop Grumman in October 2026.
Northrop Grumman Corporation (NOC) is a major US defence prime specialising in aerospace, space systems, autonomous platforms, missile defence and cybersecurity. It supplies the US Department of Defense and allied governments with large, long-term contracts and technologies, which can create a sizeable backlog and recurring revenue streams. Investors should note the company’s exposure to defence budgets, programme execution risk, supply-chain and regulatory factors, and sensitivity to geopolitical developments. Northrop Grumman benefits from capabilities in space and autonomous systems that support potential longer-term growth, though performance can vary with contract timing, cost overruns and policy shifts. With a market capitalisation of roughly $85.5bn, the company may appeal to those seeking defence-sector exposure and potential income from dividends, but returns are not guaranteed. This summary is educational only and not personal financial advice; investors should assess their own objectives, risk tolerance and consider seeking guidance from an FCA-authorised adviser.
Why It’s Moving
Northrop Grumman Shatters Q3 Estimates with Record Backlog, Defying Sector-Wide Political Jitters
- Q3 EPS of $7.89 significantly surpassed consensus estimates of $7.22, driven by strong execution across all four business segments and a 6.7% year-over-year revenue increase to $11.1 billion.
- The company reported a record backlog of $109.6 billion with a book-to-bill ratio of 1.5x, providing long-term revenue visibility and supporting management's projection of 5%-7% sales growth for 2027.
- Aeronautics segment outperformed with 14.4% revenue growth and a massive 135.7% EBIT increase, fueled by B-21 and F-35 program volumes, signaling a critical margin recovery despite higher capital spending challenges.
Northrop Grumman Shatters Q3 Estimates with Record Backlog, Defying Sector-Wide Political Jitters
- Q3 EPS of $7.89 significantly surpassed consensus estimates of $7.22, driven by strong execution across all four business segments and a 6.7% year-over-year revenue increase to $11.1 billion.
- The company reported a record backlog of $109.6 billion with a book-to-bill ratio of 1.5x, providing long-term revenue visibility and supporting management's projection of 5%-7% sales growth for 2027.
- Aeronautics segment outperformed with 14.4% revenue growth and a massive 135.7% EBIT increase, fueled by B-21 and F-35 program volumes, signaling a critical margin recovery despite higher capital spending challenges.
Sixth Month Growth Performance
When is the next earnings date for NORTHROP GRUMMAN CORP (NOC)?
Northrop Grumman has not yet announced a confirmed date for its next earnings release. Based on the company's historical reporting pattern of approximately three-month intervals, the upcoming report is expected to be released in January 2027. This forthcoming announcement will cover results for the fourth quarter of fiscal year 2026. Investors should monitor official channels for the specific scheduling details as they become available.
Stock Performance Snapshot
Analyst Rating
Analysts recommend buying Northrop Grumman's stock, expecting it to rise towards $583.81.
Financial Health
Northrop Grumman is performing well with strong profits, cash flow, and substantial revenue growth.
Dividend
NORTHROP GRUMMAN's dividend yield of 1.73% is below average, but still offers some return. If you invested $1000 you would be paid $17.30 a year in dividends (based on the last 12 months).
Why You’ll Want to Watch This Stock
Backlog and Visibility
A sizeable contract backlog can provide revenue visibility and steady cash flow, though timing and execution variability may affect short-term results.
Tech and Innovation
Strengths in space, autonomy and cybersecurity support long-term potential, balanced by development costs and programme risk.
Geopolitics and Budgets
Defence spending trends and international demand can influence prospects, but outcomes can change with policy shifts and export rules.
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