Northrop Grumman (NOC) Q3 2026 earnings — TrendMatrix coverage
Reported
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Full disclosure
Key numbers
- Adjusted EPS
- $7.89
- Estimate
- $7.18
- Surprise
- +9.9%
- Revenue (period 2026-09-30)
- $11.12B
- Score at report (before → after)
- 5.1 → 5.1/10
Revenue source: xbrl.
How the report landed
Northrop Grumman (NOC) beat the $7.18 estimate with adjusted EPS of $7.89 — a clear 9.9% upside surprise. TrendMatrix's engine moved from Hold (5.1/10) to Sell at 5.1/10 after the report.
Where TrendMatrix's rating stands now
TrendMatrix currently rates NOC Sell at 5.1/10.
4 of the last 4 quarters beat the estimate; this quarter's +9.9% surprise compares with a +6.9% four-quarter average.
What supports the rating
- Strong earnings beat streak (4/4)
- Positive momentum
What argues against it
- Concentration risk — Customer: U.S. government (84.0%)
- Thin upside margin: 4.9%
- V7 low-quality RISK_OFF penalty: -0.5 (Q=4.7)
This section and the ones below it reflect TrendMatrix’s latest engine read — they update after the report date and are not frozen to it.
The levels TrendMatrix's engine tracks
- Current price
- $534.00
- Price target
- $559.91
- Stop
- $507.24
- Upside to target
- +4.9%
- Reward-to-risk
- 0.4:1
At 17.0× trailing and 17.6× forward earnings, consensus estimates imply little change in earnings power.
Risk check: RSI 71 — a level conventionally read as overbought; gains at these levels often lean on momentum; trading volume is running 1.9× its average — elevated turnover around the report window.
Model outputs from TrendMatrix’s engine as of 2026-10-21 — shown for context, not personalized investment advice.
NOC at TrendMatrix's latest read
Industrial quarters are order-book stories — backlog and book-to-bill color how the market reads the reported number.
- Industry
- Aerospace & Defense
- Market cap
- $75.86B
- P/E (fwd)
- 17.6
- P/E (ttm)
- 17.0
- 52-week range
- $470.06–$774.00
- Off 52-week high
- 31.0%
- RSI (14)
- 71
- Volume vs avg
- 1.95×
- Score today
- 5.1/10