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Northrop Grumman (NOC) Q3 2026 earnings results (third quarter 2026)
10-Q filed Oct 20, 2026
Northrop Grumman (NOC) reported revenue of $11.1B for the third quarter 2026 (Q3 2026), +7% from a year earlier and +2% from the quarter before. Operating margin was 11.4%, net earnings $1.1B (10.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $11.1B | +2% | +7% |
| Operating profit | $1.3B | +16% | +2% |
| Net earnings | $1.1B | +3% | +2% |
| Operating cash flow | $1.7B | +36% | +12% |
| Free cash flow | $1.4B | +47% | +15% |
What changed
Revenue was $11.1B in Q3 2026, up 7% year over year and up 2% from the previous quarter. Product was the largest line at 82% of revenue. Product added $0.73B year over year (up 9%), 104% of the total change. Service declined 1%.
Operating profit was $1.3B, a 11.4% margin (down 0.5 points year over year). Of the extra revenue versus Q3 2025, 4% reached operating profit, below the 12% margin then. Total costs grew 7% against revenue growth of 7%. Net earnings were $1.1B, up 2% year over year. The effective tax rate was 13.4%.
Operating cash flow was $1.7B (up 12% year over year), 155% of net earnings. Non-cash charges added back $0.38B of depreciation and amortization and $0.03B of share-based compensation. Working capital and other items added $0.22B. Capital expenditures of $0.31B left free cash flow of $1.4B.
Questions
What was Northrop Grumman's revenue in the third quarter 2026?
Northrop Grumman (NOC) reported revenue of $11.1B for the third quarter 2026 (Q3 2026), +7% from a year earlier and +2% from the quarter before.
Was Northrop Grumman profitable in the third quarter 2026?
Operating profit was $1.3B (11.4% of revenue) and net earnings $1.1B.
Source: Northrop Grumman 10-Q on SEC EDGAR.