NOC earnings release — EPS $7.68 vs $6.82 est · revenue $10.9B vs $10.8B est · gross margin 19.5% · operating margin 10.1%诺斯罗普格鲁曼 (NOC) 财报快讯 — EPS $7.68 vs $6.82 预期 · 营收 $10.9B vs $10.8B 预期 · 毛利率 19.5% · 经营利润率 10.1%
Core Earnings Data
Northrop Grumman Corporation (NOC) released its Q2 2026 financial results at 06:54 ET on July 21, 2026, via GlobeNewswire and an SEC Form 8-K filing. GAAP diluted EPS came in at $7.68, beating the consensus estimate of $6.82 by 12.6%. Total revenue hit $10.9B, exceeding the $10.8B consensus forecast by 0.7%. This marks NOC’s third consecutive quarter of beating both EPS and revenue consensus estimates. At the time of publication, the company’s share price stood at $511.7, marking a 2.34% daily decline.
Earnings Quality Analysis
Year-over-year revenue growth reached 10.1%, with a gross margin of 19.5% and operating margin of 10.1%. Operating income rose 10.8% YoY, with a net margin of 10.1%. Operating cash flow totaled $1.3B, capital expenditures were $302M, and free cash flow came in at $978M. The company held $2.3B in cash, $16.3B in total debt, and $14.0B in net debt as of quarter end, with all margin metrics largely unchanged from prior periods.
Independent Contextual Signals
As of December 31, 2025, NOC had 1,827 institutional holders, representing 82.2% of its floating stock, with 212 new institutional positions added in the prior quarter. Between May and July 2026, multiple company directors received equity awards, with no open-market share sales reported via Form 4 filings. NOC also beat EPS and revenue consensus estimates in both Q1 2026 and Q4 2025 earnings reports.
Unreported Details & Follow-Up Markers
No forward guidance was disclosed in the initial earnings release. Investors should await the upcoming Q2 2026 Form 10-Q filing, earnings call transcript for segment-level performance and backlog data, and future institutional ownership updates to gain fuller visibility into the company’s operational trajectory.
核心财报数据
诺斯罗普·格鲁曼公司（NOC）于2026年7月21日06:54通过GlobeNewswire及SEC Form 8-K发布2026年第二季度财报。当季GAAP摊薄每股收益（EPS）为7.68美元，超出市场一致预期的6.82美元，超幅12.6%；营收为109亿美元，超出预期的108亿美元，超幅0.7%。这是该公司连续第三个季度实现EPS和营收超市场预期。财报发布时，公司股价为511.7美元，当日下跌2.34%。
财报质量分析
当季营收同比增长10.1%，毛利率19.5%，营业利润率10.1%，营业利润同比增长10.8%，净利润率10.1%。经营活动现金流为13亿美元，资本支出3.02亿美元（流出），自由现金流为9.78亿美元。期末现金及现金等价物为23亿美元，总债务163亿美元，净债务140亿美元，各项利润率与前期基本持平。
独立背景参考
截至2025年12月31日，NOC的机构持仓持有人达1827家，占流通股比例82.2%，当季新增212个持仓头寸。2026年5月至7月间，多名公司董事获得股权激励，未出现董事公开减持行为。此前2026年第一季度和2025年第四季度财报均实现EPS和营收超预期。
未披露事项与后续关注
本次初始财报发布未提及2026年全年或季度业绩指引。投资者需等待后续披露的2026年第二季度Form 10-Q文件、业绩电话会议纪要以获取细分业务营收、订单储备（RPO）及更详细的现金流拆解数据，同时可关注机构持仓的季度更新情况。
This analysis was generated by InvestLog AI based on SEC filings, Form 4 insider transactions, Form 144 planned-sale notices, 13F institutional holdings, analyst ratings, and market data. It is for informational purposes only and does not constitute investment advice.这篇研究由 InvestLog AI 基于 SEC 披露、Form 4 内部人交易、Form 144 计划减持、13F 机构持仓、分析师评级和市场数据生成。内容仅供参考，不构成投资建议。