Northrop Grumman raises 2026 adjusted EPS outlook after Q3
Northrop Grumman
Northrop Grumman (NOC) raised its 2026 guidance for mark-to-market-adjusted earnings per share to $29.35-$29.75 from $28.60-$29.10 on October 20. The outlook uses a non-GAAP measure and is distinct from the quarter’s reported diluted earnings.[1]
Quarterly results
What matters for shareholders
The higher adjusted earnings outlook signals stronger expectations for the full year. The margin decline adds a counterweight to sales growth: investors still need to assess how effectively that growth converts into operating profit. Backlog indicates future work, rather than revenue already earned.[1]
NOC insider trading activity
In open-market trades dated in the last 90 days, no insider bought and 1 insider sold $54K, all of it under preset trading plans, per Form 4 filings.
- Mark A. Welsh III (Director) sold 98 shares for $54K under a preset plan, last filed Nov 3.
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NOC 13F fund activity
In 13F filings for the quarter ended Jun 30, 2026, 9 funds we track made a large change in NOC: 9 opened a position or grew one by half or more, and none cut one by half or more.
- Citadel Advisors LLC added 493,478 shares.
- Qube Research & Technologies Ltd added 483,287 shares.
- D. E. Shaw & Co., Inc. added 231,355 shares.
- Worldquant Millennium Advisors LLC added 196,118 shares.
- Renaissance Technologies LLC added 193,380 shares.
