Filing Flows › Northrop Grumman (NOC) › Q3 2026 › vs Q2 2026
Northrop Grumman (NOC) Q3 2026 vs Q2 2026 (quarter over quarter)
Northrop Grumman's revenue rose $246M (+2%) from $10.9B in Q2 2026 to $11.1B in Q3 2026. The biggest changes: Product +$290M (+3%); Service −$44.0M (-2%). Operating margin 11.4% against 10.1% (+1.3 pts).
Northrop Grumman, Q3 2026: revenue $11.1B (+7% year over year), operating margin 11.4%, net earnings $1.1B, operating cash flow $1.7B. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 11.4% | 10.1% | +1.3 pts |
| Net margin | 10.1% | 10.1% | +0.0 pts |
| Free cash flow margin | 12.9% | 9.0% | +3.9 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Product | $9.1B | $8.8B | $290M | +3% |
| Service | $2.0B | $2.1B | −$44.0M | -2% |
| Revenue | $11.1B | $10.9B | $246M | +2% |
| Operating profit | $1.3B | $1.1B | $173M | +16% |
| Costs & expenses | $9.9B | $9.8B | $73.0M | +0.7% |
| Pre-tax earnings | $1.3B | $1.2B | $130M | +11% |
| General & admin | $1.1B | $1.0B | $58.0M | +6% |
| Other operating costs | $8.8B | $8.8B | $15.0M | +0.2% |
| Net earnings | $1.1B | $1.1B | $30.0M | +3% |
| Income tax | $174M | $74.0M | $100M | +135% |
| Depreciation & amortization | $379M | $367M | $12.0M | +3% |
| Share-based compensation | $26.0M | $29.0M | −$3.0M | -10% |
| Working capital & other | $216M | −$210M | $426M | — |
| Operating cash flow | $1.7B | $1.3B | $465M | +36% |
| Free cash flow (OCF − capex) | $1.4B | $978M | $461M | +47% |
| Capital expenditures | $306M | $302M | $4.0M | +1% |
Questions
How much did Northrop Grumman's revenue grow quarter over quarter in Q3 2026?
Northrop Grumman's revenue rose $246M (+2%) from $10.9B in Q2 2026 to $11.1B in Q3 2026.
What drove Northrop Grumman's revenue change in Q3 2026?
Product +$290M (+3%); Service −$44.0M (-2%).