Northrop Grumman (NOC) is a defense mega-cap with typically modest decade averages (±4.8%) but rich live pricing into July 21 (~±8.8%). Data as of July 16, 2026.
NOC earnings at a glance
NOC’s decade average is about ±5.0%; the last two years average about ±6.7%. The 95th-percentile is about ±8.8% — matching the live implied into July 21.
Does NOC beat its implied move?
Among recent reports with tracked implied moves, NOC’s actual peak topped the implied in about 56% of cases (9 of 16).
history
How NOC’s moves are distributed
The distribution is tight with a heating upper half; the rich live implied stands out against decade history.
Recent NOC earnings
April 2026 peaked near −7.1%. January 2026 peaked near −3.8%. Implied coverage is thinner after 2024 — weigh the live print carefully.
IV rush and IV crush on NOC
Implied volatility builds into the report (the IV rush) and collapses afterward (the IV crush).
What NOC’s earnings data means for options
These figures are a reference point, not a signal. Compare the live implied in the EarningsWatcher app.
- According to EarningsWatcher data, options price a ±7.9% move for NOC's October 20, 2026 earnings report (as of October 14, 2026).
- NOC has averaged a ±5.0% earnings-day move across its last 40 reports (10-year history, per EarningsWatcher).
- NOC's actual earnings move exceeded the options-implied move in 50% of those reports.
Frequently asked questions
When is Northrop Grumman (NOC) earnings date in July 2026?
NOC reported on Tuesday, July 21, 2026, before the market open (BMO).
What is NOC's implied move for earnings July 21, 2026?
Options priced a plus or minus 9.2% move into the July 21, 2026 report — well above the plus or minus 4.8% decade average. The stock then moved down 8.6% at its intraday peak and finished down 2.2% at the close.
How much does NOC move on earnings?
Over the last 10 years, NOC's average earnings-day peak move was about plus or minus 4.8%, with the last two years averaging about plus or minus 6.7%. The 95th-percentile move is about plus or minus 8.8%.
Does NOC usually beat its implied move?
In the recent sample with tracked implieds, about 56% (roughly 9 of 16).