NORTHROP GRUMMAN CORP /DE/ — Form 8-K
Filed July 21, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 52/100
What the filing says
Q2 2026: sales $10.9B (+5% YoY), net earnings $1.1B, EPS $7.68. Record backlog $104.7B (+$20B net awards in quarter). Raised full-year sales guidance to $43.75–$44.25B (+$250M) and MTM-adjusted EPS to $28.60–$29.10 (+$1.20). Key awards: $7.6B Sentinel, $4.3B restricted programs, $1.0B F-35. Operating margin declined Q2 to 10.1% (prior 13.8%) due to $231M divestiture gain comparison; segment margin fell to 10.6% (prior 11.8%) from unfavorable EAC adjustments on Defense Systems ($68M SiAW charge) and Space Systems ($91M GEM 63XL charge), partially offset by Mission Systems strength.
Why this rating
Record backlog and guidance raise are encouraging; but near-term margin pressure from program-specific EAC charges and organic operating leverage softening offset enthusiasm. Modest relative to $71.5B market cap.
See more from July 21, 2026.
EDGAR·FLOW summarizes public SEC EDGAR filings with automated analysis. Materiality scores and stock-impact predictions are algorithmically generated and are not investment advice. Always verify against the source filing on SEC.gov.