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Northrop Grumman

NOC · Aerospace & defense sector group
Guidance from Northrop Grumman’s last 8 earnings releases. Every value links to its sentence in the filing. See something wrong? Tell us.
Current guidance
16 items
Releases tracked
8
Latest release
Oct 20, 2026
Data checked
Oct 20, 2026
On this page:Latest changes·Current guidance·Your sector group·History

What changed in the Oct 20, 2026 release

Each item compared with the same item in the previous release (Jul 21, 2026). Values in quotation marks are the company’s words.

New — first stated in this releaseRaised / Lowered / Narrowed / Widened — changed from the prior releaseRevised — wording changed, direction not determinableChanged — value changed; the comparison couldn’t be parsed to a directionReiterated — restated unchangedNot restated — stated before, absent nowRaised and lowered describe the number, not whether the change is favorable.
ChangeMetricPeriodPreviousNowSource
RaisedMTM-adjusted EPSfor FY2026“$28.60 — $29.10”“$29.35 — $29.75”Filing ↗
RaisedSegment operating incomefor FY2026“$4,850 — $5,000”“$4,940 — $5,040”Filing ↗
ReiteratedAdjusted free cash flowfor FY2026“$3,100 — $3,500”“$3,100 — $3,500”Filing ↗
ReiteratedAeronautics Systems OM Rate %for FY2026“Mid to High 9%”“High 9%”Filing ↗
ReiteratedAeronautics Systems Sales ($B)for FY2026“~$14”“~$14”Filing ↗
ReiteratedDefense Systems OM Rate %for FY2026“~10%”“~10%”Filing ↗
ReiteratedDefense Systems Sales ($B)for FY2026“Mid to High $8”“Mid to High $8”Filing ↗
ReiteratedIntersegment Eliminations Sales ($B)for FY2026“~($2.7)”“~($2.7)”Filing ↗
ReiteratedMission Systems OM Rate %for FY2026“~15%”“Mid 15%”Filing ↗
ReiteratedMission Systems Sales ($B)for FY2026“High $12”“High $12”Filing ↗
ReiteratedSalesfor FY2026“$43,750 — $44,250”“$43,750 — $44,250”Filing ↗
ReiteratedSpace Systems Sales ($B)for FY2026“~$11”“~$11”Filing ↗
Show 1 item not restated in this release
ChangeMetricPeriodPreviousNowSource
Not restatedSegment growth outlookfor FY2026“growth in each of our four business segments next year”—Filing ↗

Current guidance

Guidance for periods that have not yet ended, at its most recent value, grouped by horizon.

Current fiscal year
MetricCurrent valuePeriodMeasureFirst statedTimes statedSource
MTM-adjusted EPS“$29.35 — $29.75”for FY2026Company-definedJan 27, 20264Filing ↗
Segment operating income“$4,940 — $5,040”for FY2026GAAP-tiedJan 27, 20264Filing ↗
Adjusted free cash flow“$3,100 — $3,500”for FY2026Company-definedJul 21, 20262Filing ↗
Aeronautics Systems OM Rate %“High 9%”for FY2026Company-definedJan 27, 20264Filing ↗
Aeronautics Systems Sales ($B)“~$14”for FY2026Company-definedJan 27, 20264Filing ↗
Defense Systems OM Rate %“~10%”for FY2026Company-definedJan 27, 20264Filing ↗
Defense Systems Sales ($B)“Mid to High $8”for FY2026Company-definedJan 27, 20264Filing ↗
Free cash flow“$3,100 — $3,500”for FY2026Company-definedJan 27, 20262Filing ↗
Intersegment Eliminations OM Rate %“Mid 13%”for FY2026Company-definedJan 27, 20263Filing ↗
Intersegment Eliminations Sales ($B)“~($2.7)”for FY2026Company-definedJan 27, 20264Filing ↗
Mission Systems OM Rate %“Mid 15%”for FY2026Company-definedJan 27, 20264Filing ↗
Mission Systems Sales ($B)“High $12”for FY2026Company-definedJan 27, 20264Filing ↗
Sales“$43,750 — $44,250”for FY2026Company-definedJan 27, 20264Filing ↗
Segment growth outlook“growth in each of our four business segments next year”for FY2026Company-definedOct 21, 20251Filing ↗
Space Systems OM Rate %“~11%”for FY2026Company-definedJan 27, 20262Filing ↗
Space Systems Sales ($B)“~$11”for FY2026Company-definedJan 27, 20264Filing ↗

How one item moved

MTM-adjusted EPS, for FY2025 — every statement across the year, each linked to its filing.

Jan 30, 2025
New
“$27.85 — $28.25”
Filing ↗
Apr 22, 2025
Lowered
“$24.95 — $25.35”
Filing ↗
Jul 22, 2025
Raised
“$25.00 — $25.40”
Filing ↗
Oct 21, 2025
Raised
“$25.65 to $26.05”
Filing ↗

How your Aerospace & defense sector group guides

12 companies in Aerospace & defense. What they guide on, and who reported this season.

Most-guided metric families
Revenue
12
Free cash flow
8
Adjusted EPS
7
GAAP EPS
6
Capex
6
Dividends
5
Operating margin
3
Tax rate
3
This season’s releases
Northrop GrummanOct 20, 20262 changes
RTXOct 20, 20264 changes
HeicoAug 25, 20261 change
Howmet AerospaceAug 6, 20269 changes
Axon EnterpriseAug 5, 20267 changes
Curtiss-WrightAug 5, 202638 changes
LeidosAug 4, 20263 changes
TransDigm GroupAug 4, 202615 changes
Get this for your own peer set — Peer Guidance Briefing, $3,000.

Full history

Every metric, every release, eight quarters — the complete record as one table.

MetricFY2026FY2025
Margin expansion—1 statement
MTM-adjusted EPS4 statements4 statements
Segment operating income4 statements4 statements
Adjusted free cash flow2 statements—
Aeronautics Systems OM Rate %4 statements4 statements
The full record for Northrop Grumman and its Aerospace & defense peers, delivered as a Peer Guidance Briefing — PDF and Excel, every value linked to its filing.

Filings

The 8 earnings releases this page is built from.

FiledFiscal periodAccessionGuidance items
Oct 20, 2026FY2026 Q30001133421-26-00003712Open filing ↗
Jul 21, 2026FY2026 Q20001133421-26-00003313Open filing ↗
Apr 21, 2026FY2026 Q10001133421-26-00001514Open filing ↗
Jan 27, 2026FY2025 Q40001133421-26-00000214Open filing ↗
Oct 21, 2025FY2025 Q30001133421-25-00005213Open filing ↗
Jul 22, 2025FY2025 Q20001133421-25-00004713Open filing ↗
Apr 22, 2025FY2025 Q10001133421-25-00002214Open filing ↗
Jan 30, 2025FY2024 Q40001133421-25-00000515Open filing ↗

Not located in filing

2 values were detected in these releases but could not be matched to an exact sentence in the filing body, so they are not shown as guidance. We surface the count rather than drop it silently.

Show the 2 unmatched spans
SpanWhyFiled
Organic sales growth = continued organic sales growthspan gate: value not verbatim in filingJan 30, 2025
Free cash flow growth = double digit free cash flow growthspan gate: value not verbatim in filingJan 30, 2025
Values in quotation marks are the company’s words; the classification and filing links are HighGravityData’s. HighGravityData does not score or rank companies or give investment advice.
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