Northrop Grumman raised its full year adjusted EPS guidance to a range of $29.35 to $29.75 from the previous forecast of $28.60 to $29.10. It maintained its full year sales outlook between $43.75 billion and $44.25 billion and projected free cash flow of $3.10 billion to $3.50 billion. CEO Kathy Warden stated that the company's record backlog and existing portfolio will continue to drive sales and earnings growth into the 2027 outlook.
Tuesday, October 20, 2026
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Northrop Grumman Hits Record $110B Backlog and Raises FY EPS Forecast
Earnings13 hours ago
Third quarter sales for Northrop Grumman climbed 7% to $11.1 billion, falling just short of the $11.13 billion estimated by analysts. The defense contractor reported diluted earnings per share of $7.89 and net awards totaling $16 billion, resulting in a book-to-bill ratio of 1.5x. These figures pushed the company's total order backlog to a record $110 billion.
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