Filing Flows › Northrop Grumman (NOC) › Q2 2026 › vs Q1 2026
Northrop Grumman (NOC) Q2 2026 vs Q1 2026 (quarter over quarter)
Northrop Grumman's revenue rose $995M (+10%) from $9.9B in Q1 2026 to $10.9B in Q2 2026. The biggest changes: Product +$850M (+11%); Service +$145M (+8%). Operating margin 10.1% against 10.0% (+0.1 pts).
Northrop Grumman, Q2 2026: revenue $10.9B (+5% year over year), operating margin 10.1%, net earnings $1.1B, operating cash flow $1.3B. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 10.1% | 10.0% | +0.1 pts |
| Net margin | 10.1% | 8.9% | +1.2 pts |
| Free cash flow margin | 9.0% | -18.4% | +27.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Product | $8.8B | $8.0B | $850M | +11% |
| Service | $2.1B | $1.9B | $145M | +8% |
| Revenue | $10.9B | $9.9B | $995M | +10% |
| Other income, net | $72.0M | $41.0M | $31.0M | +76% |
| Operating profit | $1.1B | $989M | $107M | +11% |
| Costs & expenses | $9.8B | $8.9B | $888M | +10% |
| Pre-tax earnings | $1.2B | $1.0B | $138M | +13% |
| General & admin | $1.0B | $971M | $54.0M | +6% |
| Other operating costs | $8.8B | $7.9B | $834M | +11% |
| Net earnings | $1.1B | $875M | $219M | +25% |
| Income tax | $74.0M | $155M | −$81.0M | -52% |
| Depreciation & amortization | $367M | $372M | −$5.0M | -1% |
| Share-based compensation | $29.0M | $20.0M | $9.0M | +45% |
| Working capital & other | $210M | $2.9B | −$2.7B | -93% |
| Operating cash flow | $1.3B | −$1.7B | $2.9B | — |
| Free cash flow (OCF − capex) | $978M | −$1.8B | $2.8B | — |
| Capital expenditures | $302M | $167M | $135M | +81% |
Questions
How much did Northrop Grumman's revenue grow quarter over quarter in Q2 2026?
Northrop Grumman's revenue rose $995M (+10%) from $9.9B in Q1 2026 to $10.9B in Q2 2026.
What drove Northrop Grumman's revenue change in Q2 2026?
Product +$850M (+11%); Service +$145M (+8%).