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Northrop Grumman (NOC) Earnings Date & Expected Move (July 21, 2026)

Northrop Grumman (NOC) reports Q2 2026 earnings on Tuesday, July 21, 2026, before the market open. The options market is pricing a move of about ±8.8% — here’s the move history and what it means for options.

EarningsWatcher Research 7 min read Data as of July 2026 · Education, not advice
Earnings date NOC’s earnings date is July 21, 2026 (before market open). Live implied move: ±8.8% (near the historical 95th percentile).

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

±4.8%
Avg move (10yr)
peak, day of release
±6.7%
Avg move (2yr)
regime: heating
±8.8%
95th-pct tail
live implied ≈ this

NOC’s decade average is about ±4.8%; 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 62% of cases (5 of 8).

~62%
Beat rate
actual > implied (5 of 8)
Rich vs
history
Near-term pricing
live ~8.8% ≈ q95
What this implies Live implied near ±8.8% is rich versus the ±4.8% decade average — options are pricing a near-tail move into July 21.

How NOC’s moves are distributed

0% 5% 10% 15% 10-yr avg ±4.8% ±1.5% 5th ±2.8% 20th ±4.2% median ±6.5% 80th ±8.8% 95th
The spread of NOC’s earnings-day peak moves. Median ~±4.2%; 95th-percentile ~±8.8%.

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.

See the full history The complete report-by-report record — every past implied vs actual move, open/peak/close behaviour and post-earnings drift, plus the live implied move as the next date approaches — lives in the EarningsWatcher app.

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.

On the “next” implied move Northrop Grumman is scheduled to report July 21, 2026 (before market open). As of July 16, 2026 the live implied move has been pricing near ±8.8%.

Frequently asked questions

When is Northrop Grumman (NOC) earnings date in July 2026?

NOC is scheduled to report on Tuesday, July 21, 2026, before the market open (BMO).

What is NOC's implied move for earnings July 21, 2026?

As of July 16, 2026 the live implied move has been pricing near plus or minus 8.8% — well above the plus or minus 4.8% decade average.

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 62% (roughly 5 of 8).

See NOC’s live earnings data

Get Northrop Grumman’s July 21 report date, live implied move and full move history.

Open NOC in the app →