Northrop Grumman (NOC) delivered mixed results in Q2 FY2026 on revenue of $10.9B versus the $10.8B estimate (+5.1% YoY) and EPS of $7.68. The next Northrop Grumman (NOC) earnings date is Oct 20, 2026. Below is the full Northrop Grumman earnings breakdown — the risk-adjusted verdict, price forecast, technicals, options and hedge-fund 13F holdings, decoded in plain English.
$10.9B (vs $10.8B est · +0.7% surprise · +5.1% YoY)
EPS
$7.68 (vs $6.82 est · +12.6% surprise · -5.8% YoY)
Share price
$549.28 (-0.3%)
Market cap
$78.0B
Northrop Grumman (NOC) Earnings Analysis — beat / miss history
Quarter
Revenue
EPS
EPS surprise
Next-day move
Verdict
Q3 FY2026
$10.9B vs $10.8B est
$7.68 vs $6.82 est
+12.6%
+0.3%
Mixed
Q2 FY2026
$9.9B vs $9.8B est
$6.14 vs $6.06 est
+1.3%
-10.3%
In line
Q1 FY2026
$11.7B vs $11.6B est
$7.23 vs $6.98 est
+3.6%
+4.3%
Mixed
Q4 FY2025
$10.4B vs $10.7B est
$7.67 vs $6.44 est
+19.1%
-0.9%
Mixed
Q3 FY2025
$10.4B vs $10.1B est
$7.11 vs $6.92 est
+2.7%
+10.3%
Beat
Q2 FY2025
$9.5B vs $9.9B est
$3.32 vs $6.24 est
-46.8%
-11.0%
Miss
Q1 FY2025
$10.7B vs $11.0B est
$6.39 vs $6.35 est
+0.6%
+1.2%
Mixed
Q4 FY2024
$10.0B vs $10.2B est
$7.00 vs $6.07 est
+15.3%
+0.6%
Mixed
Top institutional holders
Holder
% outstanding
Shares
Value
QoQ change
State Street Corp
9.3%
13.2M
$6.7B
+1.3%
Blackrock, INC.
8.3%
11.8M
$6.0B
+8.3%
Vanguard Capital Management LLC
6.3%
9.0M
$4.6B
+0.5%
Capital International Investors
4.1%
5.9M
$3.0B
-17.5%
Capital World Investors
3.6%
5.1M
$2.6B
-26.5%
Wellington Management Group Llp
3.5%
4.9M
$2.5B
-0.8%
Vanguard Portfolio Management LLC
2.5%
3.6M
$1.8B
+2.6%
Morgan Stanley
2.5%
3.6M
$1.8B
-1.3%
Franklin Resources INC
2.4%
3.4M
$1.7B
+2.9%
Geode Capital Management, LLC
2.3%
3.3M
$1.7B
+1.5%
Recent insider transactions
Insider
Role
Date
Type
Shares
Value
Warden Kathy J
director, officer: Chair, CEO and President
2026-08-19
Buy
36K
—
WELSH MARK A III
director
2026-08-03
Sell
8
$4356
WELSH MARK A III
director
2026-08-03
Sell
19
$10366
WELSH MARK A III
director
2026-08-03
Sell
11
$6011
WELSH MARK A III
director
2026-08-03
Sell
31
$16970
WELSH MARK A III
director
2026-08-03
Sell
10
$5483
WELSH MARK A III
director
2026-08-03
Sell
6
$3297
WELSH MARK A III
director
2026-08-03
Sell
2
$1101
What you'll find
Next Northrop Grumman (NOC) earnings date, the expected move and the estimates priced in
A clear Beat / Miss / In-line / Mixed verdict the moment Northrop Grumman reports
Revenue & EPS versus estimates, guidance and segment trends
Multi-lens price forecast — analyst, quant, technical and options views
Deep research: red flags, risk decoder and earnings-call sentiment
Technicals, options / implied volatility and unusual-activity signals
Hedge-fund and legendary-investor 13F holdings in Northrop Grumman (NOC)
Side-by-side peer and historical earnings comparison
Frequently asked questions
When is Northrop Grumman's next earnings date?
Northrop Grumman's (NOC) next scheduled earnings date is Oct 20, 2026. Magnisto shows the confirmed date, the options-implied expected move and the revenue and EPS estimates Wall Street is modeling into the report.
Did Northrop Grumman (NOC) beat or miss earnings?
In Q2 FY2026, Northrop Grumman (NOC) posted mixed results — revenue of $10.9B versus the $10.8B estimate (+0.7% surprise) and EPS of $7.68 versus $6.82 expected (+12.6% surprise). Magnisto decodes every Northrop Grumman (NOC) report into a clear Beat, Miss, In-line or Mixed verdict and checks whether guidance was raised, held or cut.
How often does Northrop Grumman beat earnings estimates?
Over its last 8 reported quarters, Northrop Grumman (NOC) beat Wall Street EPS estimates 5 times, most recently a mixed result in Q3 FY2026. Magnisto tracks every Northrop Grumman (NOC) quarter's revenue and EPS versus consensus and grades each one Beat, Miss, In-line or Mixed at a unified ±2% threshold.
How much does Northrop Grumman stock move after earnings?
Over its last 8 quarterly reports, Northrop Grumman (NOC) moved an average of ±4.9% the day after earnings — ranging from -11.0% (Q2 FY2025) to +10.3% (Q3 FY2025). The stock rose after 5 of those 8 reports and fell after 3. Heading into its next report on Oct 20, 2026, options-implied volatility is pricing in a move of roughly ±11.3% (derived). Magnisto tracks the realized post-earnings move for every Northrop Grumman (NOC) quarter alongside the beat/miss verdict — past moves don't predict the next one.
Who are the largest shareholders of Northrop Grumman?
Institutions hold about 159.7% of Northrop Grumman's (NOC) shares outstanding as of the 2026-06-30 13F quarter. Its largest institutional holders include State Street Corp (9.3%), Blackrock, INC. (8.3%), Vanguard Capital Management LLC (6.3%). Magnisto lists Northrop Grumman's (NOC) top 13F holders with each stake size and its quarter-over-quarter change.
Are insiders buying or selling Northrop Grumman (NOC)?
In the most recent Form 4 filings Magnisto tracks, Northrop Grumman (NOC) insiders recorded 2 purchases and 10 sales — net selling. Insider transactions are one signal among many and are often routine (option exercises or scheduled 10b5-1 sales), so Magnisto shows the raw feed for you to judge.
What is the forecast for Northrop Grumman (NOC) stock?
Magnisto blends analyst price targets, quantitative research, technical trend and options-implied moves into a scenario range for Northrop Grumman (NOC), anchored to the current $549.28 share price, so you can weigh the bull, base and bear cases for Northrop Grumman side by side.
Is Northrop Grumman (NOC) a buy right now?
Magnisto does not give buy or sell tips. It gives you the institutional-grade evidence — the verdict, valuation, risks, technicals and hedge-fund 13F flows — so you can decide whether Northrop Grumman fits your own thesis and risk profile. This is research, not investment advice.