Northrop Grumman GAAP EPS of $7.89 beats by $0.69, revenue of $11.1B misses by $30M (NOC:NYSE)
Northrop Grumman reported Q3 GAAP EPS of $7.89, beating estimates by $0.69, while revenue of $11.1B missed by $30M. Revenue grew 6.7% year-over-year. The company's book-to-bill ratio was 1.5x, with net awards of $16B and a backlog of $110B. The company also provided updated 2026 guidance.
How this was made
The 30-second read
Why it matters
The earnings surprise may trigger short-term price movement, especially in pre-market trading.
Market read
Earnings release for a major defense contractor; traders may act on the EPS beat.
What to watch
Backlog growth to $110B and net awards of $16B could support longer-term upside.
Background
Northrop Grumman released its Q3 earnings, highlighting an EPS beat and a slight revenue shortfall.
Ticker impact
Northrop Grumman reported Q3 GAAP EPS of $7.89, beating expectations by $0.69 and revenue of $11.1B missing by $30M.
potential upward pressure as investors digest the EPS beat, though revenue miss could limit gains
EPS beat is a fresh primary disclosure for a large-cap defense contractor; market typically reacts quickly to earnings surprises.
Market effects
Defense sector may see modest rally if EPS beat is viewed positively across peers.
U.S. defense stocks could experience short-term buying pressure.
Limited; impact confined to U.S. defense and aerospace investors.
Counterpoint
Revenue miss may signal slowing demand, suggesting caution despite EPS beat.
Key entities
- CompanyNorthrop Grumman Corporation
U.S. defense contractor reporting Q3 results.
