Northrop Grumman reports USD 109.6 billion backlog. Northrop Grumman stock costs EUR 478.85

Published on 10/21/2026 at 11:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Northrop Grumman lifted 2026 adjusted EPS guidance to USD 29.35-29.75. Northrop Grumman stock costs EUR 478.85 on October 21, 2026.

Guidance and backlog

Northrop Grumman raised its 2026 adjusted earnings guidance on October 20, 2026.
Backlog reached USD 109.6 billion in the third quarter of 2026.
Northrop Grumman stock traded at EUR 478.85 at 11:32 a.m. CEST at Lang & Schwarz on October 21, 2026.

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Northrop Grumman (ISIN US6668071029) raised its 2026 adjusted earnings guidance after reporting third-quarter sales of USD 11.12 billion on October 20, 2026. The company also disclosed a record backlog of USD 109.6 billion in the quarter, according to Northrop Grumman.

Guidance moves higher

The company lifted its full-year MTM-adjusted earnings-per-share range to USD 29.35-29.75 from USD 28.60-29.10. The midpoint therefore increased by USD 0.70, while segment operating income guidance rose to USD 4.94-5.04 billion from USD 4.85-5.00 billion.

Northrop Grumman kept its 2026 sales outlook at USD 43.75-44.25 billion. The guidance update gives investors a clearer earnings benchmark, but the unchanged sales range keeps execution across major programs central to the outlook.

What does the backlog mean?

Third-quarter net awards totaled USD 16.4 billion, producing a 1.5 book-to-bill ratio and lifting backlog to USD 109.6 billion. Aeronautics Systems sales increased 14 percent to USD 3.575 billion, while Defense Systems sales rose 12 percent to USD 2.307 billion in the third quarter of 2026.

The margin picture was more mixed. Total operating margin declined to 11.4 percent from 11.9 percent in the third quarter of 2025, even as segment operating margin reached 12.1 percent. Adjusted free cash flow increased 44 percent to USD 1.810 billion, helped by operating cash flow and proceeds from an equipment sale.

Results remain the next reference point

MarketBeat reported that diluted earnings per share of USD 7.89 exceeded its cited USD 7.18 consensus estimate, while revenue of USD 11.12 billion was below the cited USD 11.14 billion estimate on October 20, 2026. That combination explains why the guidance increase matters more than the sales figure alone.

Northrop Grumman was trading at EUR 478.85 at Lang & Schwarz on October 21, 2026 at 11:32 a.m. CEST. The finance quote showed a primary-exchange market capitalization of USD 75.9 billion as of October 20, 2026, while the company's primary listing is the NYSE under ticker NOC. The further course of trading is shown by the continuously updated real-time quote of Northrop Grumman stock.