Northrop Grumman Q2 sales rise 7% to $10.2 billion; company raises 2024 guidance
Northrop Grumman reported second quarter 2024 sales of $10.2 billion, up 7% from a year earlier, and diluted earnings per share of $6.36, up 19%. The company raised its 2024 sales guidance to $41.0 billion to $41.4 billion and its MTM-adjusted EPS guidance to $24.90 to $25.30, which gives shareholders a higher outlook for the year.
Key points
- Q2 net earnings were $940 million, or $6.36 per diluted share, versus $812 million, or $5.34, in Q2 2023
- Free cash flow rose 80% to $1.1 billion; operating cash flow was $1.4 billion
- 2024 sales guidance raised to $41.0 billion to $41.4 billion from $40.8 billion to $41.2 billion
- Mission Systems operating income fell 10% to $361 million on a lower operating margin rate
The filing
Written by AI on Nov 8, 2026, 1:21 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 25, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.