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Northrop Grumman / Full history

Guidance history, every release

Northrop Grumman (NOC) · 8 releases, Jan 30, 2025 to Oct 20, 2026 · rows are metrics, columns are releases
Raised · a change from the previous releaseSame · restated unchanged— · not stated in that releaseEvery value links to its sentence in the filing
MetricJan 30, 2025
FY24 Q4
Apr 22, 2025
FY25 Q1
Jul 22, 2025
FY25 Q2
Oct 21, 2025
FY25 Q3
Jan 27, 2026
FY25 Q4
Apr 21, 2026
FY26 Q1
Jul 21, 2026
FY26 Q2
Oct 20, 2026
FY26 Q3
For FY2026
MTM-adjusted EPS————New“$27.40 — $27.90”Reiterated“$27.40 — $27.90”Raised“$28.60 — $29.10”Raised“$29.35 — $29.75”
Segment operating income————New“$4,850 — $5,000”Reiterated“$4,850 — $5,000”Reiterated“$4,850 — $5,000”Raised“$4,940 — $5,040”
Adjusted free cash flow——————New“$3,100 — $3,500”Reiterated“$3,100 — $3,500”
Aeronautics Systems OM Rate %————New“Low to Mid 9%”Reiterated“Low to Mid 9%”Reiterated“Mid to High 9%”Reiterated“High 9%”
Aeronautics Systems Sales ($B)————New“Mid $13”Reiterated“Mid $13”Raised“~$14”Reiterated“~$14”
Defense Systems OM Rate %————New“~10%”Reiterated“~10%”Reiterated“~10%”Reiterated“~10%”
Defense Systems Sales ($B)————New“Mid to High $8”Reiterated“Mid to High $8”Reiterated“Mid to High $8”Reiterated“Mid to High $8”
Free cash flow————New“$3,100 — $3,500”Reiterated“$3,100 — $3,500”——
Intersegment Eliminations OM Rate %————New“High 13%”Reiterated“High 13%”Reiterated“Mid 13%”—
Intersegment Eliminations Sales ($B)————New“~($2.4)”Reiterated“~($2.4)”Raised“~($2.7)”Reiterated“~($2.7)”
Mission Systems OM Rate %————New“High 14%”Reiterated“High 14%”Raised“~15%”Reiterated“Mid 15%”
Mission Systems Sales ($B)————New“High $12”Reiterated“High $12”Reiterated“High $12”Reiterated“High $12”
Sales————New“$43,500 — $44,000”Reiterated“$43,500 — $44,000”Raised“$43,750 — $44,250”Reiterated“$43,750 — $44,250”
Segment growth outlook———New“growth in each of our four business segments next year”————
Space Systems OM Rate %————New“~11%”Reiterated“~11%”——
Space Systems Sales ($B)————New“~$11”Reiterated“~$11”Reiterated“~$11”Reiterated“~$11”
For FY2025
Margin expansionNew“margin expansion”———————
MTM-adjusted EPSNew“$27.85 — $28.25”Lowered“$24.95 — $25.35”Raised“$25.00 — $25.40”Raised“$25.65 to $26.05”————
Segment operating incomeNew“$4,650 — $4,800”Lowered“$4,200 — $4,350”Raised“$4,275 — $4,375”Reiterated“$4,275 — $4,375”————
Aeronautics Systems OM Rate %New“Mid to High 9%”Lowered“Low to Mid 6%”Reiterated“Low to Mid 6%”Reiterated“Low to Mid 6%”————
Aeronautics Systems Sales ($B)New“Low $13”Reiterated“Low $13”Reiterated“Low $13”Lowered“High $12”————
Defense Systems OM Rate %—New“Mid to High 9%”Raised“Mid 10%”Reiterated“High 10%”————
Defense Systems Sales ($B)New“Low $8”Reiterated“Low $8”Reiterated“Low $8”Reiterated“Low $8”————
Free cash flowNew“$2,850 — $3,250”Reiterated“$2,850 — $3,250”Raised“$3,050 — $3,350”Reiterated“$3,050 — $3,350”————
Intersegment Eliminations OM Rate %New“High 13%”Reiterated“High 13%”Reiterated“High 13%”Reiterated“High 13%”————
Intersegment Eliminations Sales ($B)New“~($2.1)”Reiterated“~($2.1)”Reiterated“~($2.1)”Raised“~($2.25)”————
Mission Systems OM Rate %New“Mid 14%”Reiterated“Mid 14%”Reiterated“Mid 14%”Reiterated“Mid 14%”————
Mission Systems Sales ($B)New“~$12”Reiterated“~$12”Reiterated“Low to Mid $12”—————
SalesNew“$42,000 — $42,500”Reiterated“$42,000 — $42,500”Narrowed“$42,050 — $42,250”Lowered“$41,700 — $41,900”————
Space Systems OM Rate %New“High 10%”Reiterated“High 10%”——————
Space Systems Sales ($B)New“~$11”Reiterated“~$11”Lowered“Mid to High $10”Reiterated“Mid to High $10”————
Training Services divestiture close timingNew“expected to close mid-year”———————
Values in quotation marks are the company’s words. Change labels compare each statement with the same metric and target year in the previous release. HighGravityData does not judge whether guidance was met.