Northrop Grumman Raises FY2025 Adj EPS Guidance from $24.95-$25.35 to $25.00-$25.40 vs $25.21 Est; Narrows FY2025 Sales Guidance from $42.000B-$42.500B to $42.050B-$42.250B vs $42.108B Est

نورثروب غرومان كورب -1.20%

Northrop Grumman Corporation

NOC

561.92

-1.20%

Guidance

  Financial guidance, as well as outlook, trends, expectations and other forward-looking statements provided by the company for 2025 and beyond, reflect the company's judgment based on the information available to the company at the time of this release. The company's financial guidance and outlook for 2025 and beyond reflect what the company currently anticipates will be the impacts on the company from, among other factors, the global macroeconomic, security, and political/budget environments, including the impacts from inflationary pressures and labor and supply chain challenges; changes in the threat environment; changes in government budget, appropriations and procurement priorities and processes; the continuing resolution; changes in the regulatory environment, including trade policy and tax policy; and changes in support for our programs. We are not assuming, and the company's financial guidance and outlook for 2025 and beyond do not reflect impacts on the company from, any government shutdown, or application of spending limits or other spending cuts. However, the company cannot predict how these factors will evolve or what impacts they will have, and there can be no assurance that the company's current expectations or underlying assumptions are correct. These factors can affect the company's ability to achieve guidance or meet expectations.

For additional factors that may impact the company's ability to achieve guidance or meet expectations, please see the "Forward-Looking Statements" section in this release and our Form 10-Q.

           
2025 Guidance
($ in millions, except per share amounts) As of 7/22/2025
Sales $42,050 — $42,250
Prior: $42,000 — $42,500
Segment operating income1 $4,275 — $4,375
Prior: $4,200 — $4,350
MTM-adjusted EPS1 $25.00 — $25.40
Prior: $24.95 — $25.35
Free cash flow1 $3,050 — $3,350
Prior: $2,850 — $3,250
                 
2025 Segment Guidance
  As of 7/22/2025
  Sales ($B) OM Rate %
Aeronautics Systems Low $13 Low to Mid 6%
   
Defense Systems Low $8 Mid 10%
  Prior: Mid to High 9%
Mission Systems Low to Mid $12 Mid 14%
Prior: ~$12  
Space Systems Mid to High $10 High 10%
Prior: ~$11  
Intersegment Eliminations ~($2.1) High 13%
   
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