Northrop Grumman Raises 2026 Sales Guidance to $44 Billion

Northrop Grumman Corporation raised its 2026 sales guidance to a range between $43.75 billion and $44.25 billion. The defense contractor also increased its adjusted earnings per share guidance to $28.60–$29.10.

This financial outlook follows a record backlog of approximately $105 billion, bolstered by $20 billion in net awards during the second quarter. Growth is driven by several strategic programs, including the B-21 Raider, Sentinel, the F-35 program, advanced sensors, and missile defense.

The company reported significant year-over-year growth in cash flow, with operating cash flow increasing 47% to $1.28 billion and adjusted free cash flow rising 54% to $978 million. These fundamentals coincided with a technical breakout in the company's stock price, which cleared a $570 resistance level on strong volume.