10-Q

Quarterly report

✓ VerifiedNorthrop Grumman reported Q3 2026 sales of $11,122 million, up 7 percent, with net earnings of $1,124 million and diluted EPS of $7.89, and total backlog of $109.6 billion.

Filed Oct 20, 2026 · 20:01 ET

Summary

Third quarter 2026 sales increased $699 million, or 7 percent, to $11,122 million, driven by higher sales at all four sectors including a 14 percent increase at Aeronautics Systems and a 12 percent increase at Defense Systems.
Space Systems third quarter 2026 sales rose $51 million, or 2 percent, to $2,749 million, as ramp-up in the restricted space portfolio was partially offset by $136 million of lower sales on Commercial Resupply Service missions due to launch timing.
The company reported cumulative losses of approximately $2.0 billion on the low-rate initial production phase of the B-21 program, with a remaining loss accrual of $1.0 billion as of September 30, 2026.
Sentinel program activities with the U.S. Air Force resulted in a $9.4 billion increase in program backlog, and third quarter sales on Sentinel rose $180 million as the program continues to ramp.
Total backlog was $109.6 billion as of September 30, 2026, up 15 percent from year-end 2025, with third quarter net awards of $16.4 billion including $2.0 billion for Sentinel.
In May 2026 the company increased the quarterly common stock dividend 7 percent to $2.47 per share, and $2.5 billion of the $3.0 billion share repurchase authorization remained as of September 30, 2026.

Key facts

Q3 2026 total sales: $11,122 million
From the filing for Q3 2026 total sales
“Total sales 11,122 10,423 31,879 30,242”
Q3 2026 net earnings: $1,124 million
From the filing for Q3 2026 net earnings
“Net earnings $ 1,124 $ 1,100 $ 3,093 $ 2,755”
Q3 2026 diluted EPS: $7.89
From the filing for Q3 2026 diluted EPS
“Diluted earnings per share $ 7.89 $ 7.67 3 % $ 21.72 $ 19.12 14 %”
Total backlog: $109.6 billion
From the filing for Total backlog
“Company backlog as of September 30, 2026 was $ 109.6 billion.”
B-21 remaining loss accrual: $1.0 billion
From the filing for B-21 remaining loss accrual
“As of September 30, 2026, the remaining loss accrual totaled $ 1.0 billion, which is included in Other current liabilities.”
Sentinel backlog increase: $9.4 billion
From the filing for Sentinel backlog increase
“resulting in a $9.4 billion increase in program backlog”
Space Systems Q3 sales: $2,749 million
From the filing for Space Systems Q3 sales
“Sales $ 2,749 $ 2,698 2 % $ 7,982 $ 7,912 1 %”
Dividend increase: $2.47 per share
From the filing for Dividend increase
“the company increased the quarterly common stock dividend 7 percent to $ 2.47 per share from the previous amount of $ 2.31 per share”

Why it mattersThe filing discloses continued revenue growth across all four sectors and quantifies B-21 production losses and a $9.4 billion Sentinel backlog addition. Space Systems sales grew while Commercial Resupply missions declined on launch timing.

Filed: Oct 20, 2026
Accepted: 2026-10-21 00:01Z
Period: Sep 30, 2026
Accession no.: 0001133421-26-000038
Size: 8.7 MB
Index: Filing index

Summary

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