Overview
- Earnings per share rose to $7.67, topping estimates, as quarterly revenue increased 4% to $10.423 billion but came in below Wall Street forecasts.
- Operating income grew 11% to drive an 11.9% operating margin, reflecting improved segment margins and efficiency.
- Full-year 2025 MTM adjusted EPS guidance increased to $25.65–$26.05, while total revenue guidance narrowed to $41.7–$41.9 billion.
- Net awards reached $12.2 billion with a book-to-bill of 1.17, lifting backlog to $91.4 billion, and free cash flow jumped 72% to $1.26 billion.
- Segment results were mixed with growth in Mission Systems, Defense Systems and Aeronautics offset by a decline in Space Systems, and shares traded about 1.3% lower premarket.