Huntington Ingalls Q2 2026: $5.27 EPS Crushes Estimates by 38%
As seen on the 24/7 Wall St. homepage on July 30, 2026.
Defense shipbuilder crushed Q2 with $5.27 EPS, smashing the $3.82 consensus by 38%, as Newport News Shipbuilding surged 15.3% on aircraft carrier and submarine demand. Management raised full-year shipbuilding revenue guidance to $10.2–$10.4 billion and lifted operating margin floor to 6.0%, banking a $57.3 billion backlog fueled by $6.7 billion in new awards.
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Huntington Ingalls delivered its strongest earnings beat in recent quarters, posting $5.27 in earnings per share against a Wall Street consensus of $3.82 — a gap of 38%. The standout driver was Newport News Shipbuilding, which surged 15.3% on robust demand for aircraft carriers and submarines. Revenue came in at $3.42 billion, beating estimates of roughly $3.15 billion by about 8%.
The quarter's momentum prompted management to raise its full-year outlook on both the top and bottom lines. Shipbuilding revenue guidance was lifted to a range of $10.2 to $10.4 billion, and the operating margin floor was raised to 6.0%. Underpinning that confidence is a $57.3 billion backlog, fortified by $6.7 billion in new contract awards during the period.
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The recent EPS history adds context to just how striking this result is. HII missed badly in Q3 2024, reporting $2.56 against an estimate of $3.75, and has since rebuilt credibility with a string of beats. The Q2 2026 print of $5.27 is comfortably the highest reported EPS in the eight-quarter chart, marking a meaningful inflection for the defense shipbuilder.
Mentioned: HII