Northrop Grumman Corporation Q3 2025 Earnings Recap

NOC Q3 2025 October 21, 2025

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Northrop Grumman reported solid Q3 2025 results with mid-single-digit revenue growth, a significant increase in free cash flow, and improved operating margins, despite a downward revision of full-year revenue guidance.

Earnings Per Share Beat

$7.67 vs $6.44 est.

+19.1% surprise

Revenue Miss

10423000000 vs 10717210816 est.

-2.7% surprise

Market Reaction

1-Day -0.48%

5-Day -0.72%

30-Day -5.34%

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Key Takeaways

Achieved a book-to-bill ratio of 1.17, underscoring strong demand and backlog growth.
Segment operating margin expanded to 12.3%, contributing to a 10% year-over-year increase in earnings per share.
Free cash flow surged by 72% year over year, positioning the company to meet full-year guidance.
Significant milestones in the B-21 aircraft program and a multibillion-dollar extension of the ground-based Midcourse Defense contract highlight ongoing strategic developments.
Continued investment in advanced manufacturing and digital technologies reinforces Northrop Grumman’s commitment to innovation and operational efficiency.

This summary was generated by AI from the official earnings call transcript and is provided for informational purposes only. It does not constitute financial advice. For the complete transcript and financial data, visit NOC on AllInvestView.

Next Q1 2026