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Huntington Ingalls Industries

Huntington Ingalls Industries (HII) Q2 2026 Earnings

Reported Jul 30, 2026 at 7:23 AM ET · SEC Source

Q2 26 EPS

$5.27

BEAT +38.02%

Est. $3.82

Q2 26 Revenue

$3.42B

BEAT +8.43%

Est. $3.15B

vs S&P Since Q2 26

+7.0%

BEATING MARKET

HII +11.2% vs S&P +4.3%

Market Reaction

Did HII Beat Earnings? Q2 2026 Results

Huntington Ingalls Industries delivered a blowout second quarter, with diluted EPS of $5.27 beating the $3.82 consensus estimate by 38.02%, extending the defense shipbuilder's streak of topping Wall Street's earnings expectations to four consecutive … Read more Huntington Ingalls Industries delivered a blowout second quarter, with diluted EPS of $5.27 beating the $3.82 consensus estimate by 38.02%, extending the defense shipbuilder's streak of topping Wall Street's earnings expectations to four consecutive quarters. Revenue climbed 10.9% year-over-year to $3.42 billion, clearing the $3.15 billion consensus by 8.43%, as Newport News Shipbuilding drove the bulk of the outperformance with a 15.3% revenue surge to $1.85 billion, fueled by higher aircraft carrier and submarine volumes alongside favorable contract adjustments that helped lift segment operating margin to 6.0% from 5.1%. Net earnings rose 36.8% to $208 million, while total operating margin expanded 86 basis points to 6.1%. The strong quarter prompted management to raise full-year shipbuilding revenue guidance to $10.20 billion to $10.40 billion, up from the prior $9.70 billion to $9.90 billion range, and to lift the floor on shipbuilding operating margin guidance to 6.0%, with free cash flow guidance of $500 million to $600 million reaffirmed. A $57.30 billion backlog, bolstered by $6.70 billion in new awards during the quarter, underscores the company's long-term revenue visibility as Navy demand continues to expand.

Key Takeaways

  • • Higher volumes in aircraft carriers and submarines at Newport News Shipbuilding
  • • Higher volumes in amphibious assault ships at Ingalls Shipbuilding
  • • Favorable contract adjustments and incentives in aircraft carriers at Newport News
  • • Higher equity income from nuclear and environmental joint ventures at Mission Technologies
  • • Higher volumes in Warfare Systems and Unmanned Systems at Mission Technologies

HII Forward Guidance & Outlook

HII raised its FY26 shipbuilding revenue guidance to $10.2–$10.4 billion (from $9.7–$9.9 billion) and lifted the low end of its shipbuilding operating margin guidance to 6.0%–6.5% (from 5.5%–6.5%). Mission Technologies revenue guidance remains at $3.0–$3.2 billion with segment operating margin of approximately 5% and EBITDA margin of 8.4%–8.6%. Free cash flow guidance of $500–$600 million was reaffirmed. The company expects an effective tax rate of approximately 17%, depreciation and amortization of approximately $330 million, capital expenditures of 4%–5% of sales, interest expense of approximately $105 million, and a non-operating retirement benefit of $213 million.

24/7 Wall St

HII YoY Financials

Q2 2026 vs Q2 2025, source: SEC Filings

24/7 Wall St

HII Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q2 26

“We continued to make good progress on our 2026 operational initiatives, with plans in place to achieve our shipbuilding throughput improvement goal of 15%. Given the significant shipbuilding demand and our proven ability to drive higher throughput, we are pleased to increase our top line expectations for the full year while lifting the lower end of our margin expectations as we remain focused on execution.”

— Chris Kastner, Q2 2026 Earnings Press Release

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