Northrop Grumman

Q2 FY2026 EarningsQ2 FY2026 results were strong, with revenue of $10.9B slightly exceeding the $10.8B consensus and Diluted EPS of $7.68 significantly beating the $6.82 consensus. Performance was driven by a 13% YoY surge in Aeronautics Systems and a record backlog of $105B (+9% YTD). Management raised FY2026 revenue guidance to $43.75B-$44.25B and sharply increased MTM-adjusted EPS guidance by $1.20 to $28.60-$29.10, signaling robust demand and operational confidence despite EAC headwinds in Defense and Space segments.