Northrop Grumman (NYSE: NOC) released its first quarter 2026 financial results and filed the earnings release in a Form 8-K.
The company will host an earnings conference call webcast today at 9:30 a.m. Eastern time, with a live audio broadcast available on the company's investor relations website.
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AI-generated analysis. Not financial advice.
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News Market Reaction – NOC
-6.98%
46 alerts
-6.98%News Effect
-2.8%Trough in 2 hr 9 min
-$6.72BValuation Impact
$89.58BMarket Cap
0.8xRel. Volume
On the day this news was published, NOC declined 6.98%, reflecting a notable negative market reaction.
Argus tracked a trough of -2.8% from its starting point during tracking.
Our momentum scanner triggered 46 alerts that day, indicating elevated trading interest and price volatility.
This price movement removed approximately $6.72B from the company's valuation, bringing the market cap to $89.58B at that time.
Q1 2026 Sales:$9.9 billionQ1 2026 Diluted EPS:$6.14Q1 2026 Net Earnings:$875 million+5 more
8 metrics
Q1 2026 Sales$9.9 billionFirst quarter 2026 sales reported in Form 8-K
Q1 2026 Diluted EPS$6.14First quarter 2026 diluted EPS, up 85% year over year
Q1 2026 Net Earnings$875 millionFirst quarter 2026 net earnings, up 82% year over year
Segment Margin10.8%Q1 2026 segment operating margin, up from 6.0%
GEM 63XL Charge$71 millionCharge in Space Systems related to GEM 63XL in Q1 2026
Q1 2026 Free Cash Flow$1.8 billion useFirst quarter 2026 free cash flow, use of cash similar to prior year
Quarter-End Backlog$95.6 billionBacklog at end of first quarter 2026
2025 Sales$42 billionFull-year 2025 sales disclosed in DEF 14A
Market Reality Check
Price:$544.40Vol:Volume 783,279 vs 20-day ...
normal vol
$544.40Last Close
VolumeVolume 783,279 vs 20-day average 704,267 (relative volume 1.11x) ahead of the earnings release.normal
TechnicalPrice $656.98 is trading above the 200-day MA at $617.39 and about 15.12% below the 52-week high.
Peers on Argus
NOC was down 1.24% pre-earnings while key peers were mixed: LMT -2.08%, GD -0.99...
NOC was down 1.24% pre-earnings while key peers were mixed: LMT -2.08%, GD -0.99%, BA +1.28%, TDG +0.74%, HWM flat. This points to a stock-specific move rather than a uniform Aerospace & Defense rotation.
Easterly Government Properties Q4 2024 earnings mentioning NOC‑leased facility.
Pattern Detected
Earnings releases have produced mixed single-day reactions, with both mid-single-digit gains and double-digit declines in the past year.
Recent Company History
Over the past year, Northrop Grumman has followed a consistent pattern of quarterly earnings releases, typically paired with a 9:30 a.m. ET webcast and Form 8‑K filings. Reactions have varied: the Q2 2025 release saw a +9.41% move, while Q1 2025 results coincided with a -12.66% move. More recent Q4 2025 and Q3 2025 results produced modest moves of +2.69% and -0.44%, respectively. Today’s Q1 2026 results continue this established cadence of regular financial updates.
Historical Comparison
+0.3% avg move · In the last five earnings‑tagged events, NOC’s average one‑day move was about 0.29%, with reactions ...
earnings
+0.3%
Average Historical Moveearnings
In the last five earnings‑tagged events, NOC’s average one‑day move was about 0.29%, with reactions ranging from a -12.66% drop to a +9.41% gain.
The company has maintained a steady quarterly reporting cadence from Q1 2025 through Q4 2025, consistently furnishing results via Form 8‑K and hosting 9:30 a.m. ET webcasts.
Market Pulse Summary
The stock moved -7.0% in the session following this news. A negative reaction despite strong headlin...
Analysis
The stock moved -7.0% in the session following this news. A negative reaction despite strong headline figures would fit past earnings volatility, including the -12.66% move on Q1 2025 results. Q1 2026 delivered sales of $9.9 billion and diluted EPS of $6.14, but also a $71 million GEM 63XL charge and a $1.8 billion free cash flow use. Such mixed elements have historically contributed to sharp one-day earnings responses.
Key Terms
form 8-k, free cash flow, backlog, definitive proxy statement, +3 more
7 terms
form 8-kregulatory
"earnings release has been furnished in the company’s Form 8-K filing"
A Form 8-K is a report that companies file with the government to share important news quickly, such as changes in leadership, major business deals, or financial updates. It matters because it helps investors stay informed about significant events that could affect the company's value or stock price.
free cash flowfinancial
"Free cash flow was a use of $1.8 billion, similar to last year"
Free cash flow is the amount of money a company has left over after paying all its expenses and investing in its business, like buying equipment or updating facilities. It shows how much cash is available to reward shareholders, pay down debt, or save for future growth. This helps investors understand if a company is financially healthy and able to grow.
backlogfinancial
"The company ended the quarter with $95.6 billion of backlog"
A backlog is the amount of work or orders that a company has received but hasn't completed yet. It’s like a restaurant with many dishes to serve; the backlog shows how many orders are still waiting to be finished. It matters because a large backlog can indicate strong demand or potential delays in delivering products or services.
A Definitive Proxy Statement is a detailed document that a company sends to its shareholders before a big meeting, like voting on important decisions. It explains what's being voted on and gives important information so shareholders can make informed choices. It matters because it helps shareholders understand and participate in key company decisions.
schedule 13g/aregulatory
"Amendment to Schedule 13G/A by The Vanguard Group reporting zero beneficial ownership."
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
Form 4 is a official document that company insiders, such as executives or major shareholders, file with regulators whenever they buy or sell company shares. It provides transparency about how those with inside knowledge are trading, helping investors see if insiders are confident in the company's prospects or may be selling for personal reasons. This information can influence investor decisions by revealing insiders' perspectives on the company's value.
rule 10b5-1 trading planregulatory
"sale was executed under a pre-established Rule 10b5-1 trading plan"
A Rule 10b5-1 trading plan is a pre-arranged schedule that allows company insiders to buy or sell stock at specific times, even if they have inside information. It helps prevent accusations of unfair trading by making these transactions look planned and transparent, rather than sneaky or illegal.
AI-generated analysis. Not financial advice.
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FALLS CHURCH, Va., April 21, 2026 (GLOBE NEWSWIRE) -- Northrop Grumman Corporation (NYSE: NOC) has released its first quarter 2026 financial results. A copy of the earnings release has been furnished in the company’s Form 8-K filing and is also available on the company's investor relations website at http://investor.northropgrumman.com.
Earnings Call Webcast
As previously announced, Northrop Grumman will webcast its earnings conference call at 9:30 a.m. Eastern time today. A live audio broadcast of the conference call will be available on http://investor.northropgrumman.com.
About Northrop Grumman
Northrop Grumman is a leading global aerospace and defense technology company. Our pioneering solutions equip our customers with the capabilities they need to connect and protect the world, and push the boundaries of human exploration across the universe. Driven by a shared purpose to solve our customers’ toughest problems, our employees define possible every day.
When did Northrop Grumman (NOC) release its first quarter 2026 financial results?
Northrop Grumman released first quarter 2026 results on April 21, 2026. According to the company, the earnings release was furnished in a Form 8-K and posted on the investor relations website for investor access.
What time is Northrop Grumman's (NOC) Q1 2026 earnings call webcast?
The earnings call webcast is scheduled for 9:30 a.m. Eastern time on April 21, 2026. According to the company, a live audio broadcast is available via the investor relations website during the call.
Where can investors find Northrop Grumman's (NOC) Q1 2026 earnings release and webcast?
Investors can find the earnings release and live webcast on the company's investor relations website. According to the company, the release was also furnished in a Form 8-K for regulatory disclosure.
Will Northrop Grumman (NOC) provide a replay of the Q1 2026 earnings webcast?
The release notes a live audio broadcast is available on the investor relations site; replay availability is not specified. According to the company, the webcast and related materials are hosted on the investor relations website.
Does the Northrop Grumman (NOC) announcement include Q1 2026 financial figures in the press release?
The announcement states the company released first quarter 2026 financial results and filed an 8-K but does not list figures in the notice. According to the company, the full earnings release on the investor site contains detailed results.
