Northrop Grumman reported second-quarter 2026 sales of $10.9 billion. Sales grew 5% year-over-year. The company posted earnings of $7.68 per diluted share. This exceeded Wall Street's consensus estimate of $6.82. Growth across all four business sectors drove the performance.
The company secured $20 billion in net awards during the quarter. This boosted its total backlog to a company record of $105 billion. Northrop Grumman raised its full-year 2026 financial guidance. Strong performance and continued demand supported this decision. The company increased its sales forecast to a range of $43.75 billion to $44.25 billion. It also lifted its adjusted earnings per share outlook.