Huntington Ingalls Industries

HII Q2 2025 Earnings

Reported Jul 31, 2025 at 7:18 AM ET · SEC Source

Q2 25 EPS

$3.86

BEAT +13.85%

Est. $3.39

Q2 25 Revenue

$3.08B

BEAT +4.98%

Est. $2.94B

vs S&P Since Q2 25

-13.8%

TRAILING MARKET

HII +2.3% vs S&P +16.1%

Market Reaction

Did HII Beat Earnings? Q2 2025 Results

Huntington Ingalls Industries delivered a stronger-than-expected second quarter, with earnings per share of $3.86 beating the $3.39 consensus estimate by 13.85% and revenue of $3.08 billion topping expectations by roughly 4.98%, growing 3.5% year-ove… Read more Huntington Ingalls Industries delivered a stronger-than-expected second quarter, with earnings per share of $3.86 beating the $3.39 consensus estimate by 13.85% and revenue of $3.08 billion topping expectations by roughly 4.98%, growing 3.5% year-over-year on the back of higher submarine volumes at Newport News, surface combatant work at Ingalls, and C5ISR expansion at Mission Technologies. The headline story, however, was a remarkable swing in cash generation, with operating cash flow reaching $823 million compared to negative $9 million a year ago, prompting management to raise its full-year free cash flow guidance to $500 million to $600 million. That momentum came against a backdrop of margin pressure, as Newport News operating margin contracted to 5.1% from 7.2% a year ago, weighed down by Virginia-class program performance and the absence of favorable prior-year contract adjustments. The quarter also produced $11.90 billion in new contract awards, pushing total backlog to $56.90 billion, while management reaffirmed shipbuilding revenue guidance of $8.90 billion to $9.10 billion for the full year.

Key Takeaways

  • Higher submarine volumes in Columbia-class and Virginia-class programs at Newport News Shipbuilding
  • Higher C5ISR and live, virtual, and constructive training solutions volumes at Mission Technologies
  • Higher surface combatant volumes at Ingalls Shipbuilding
  • Lower performance on Virginia-class submarine program and aircraft carrier construction at Newport News pressured margins
  • Absence of prior-year favorable contract adjustments on aircraft carrier RCOH program
  • Strong cash generation of $823M operating cash flow driven by timing of working capital
24/7 Wall St

HII YoY Financials

Q2 2025 vs Q2 2024, source: SEC Filings

24/7 Wall St

HII Revenue by Segment

With YoY comparisons, source: SEC Filings

Q2 25 Q1 26

“Second quarter results were largely in line with our expectations as we continue to make steady progress on our operational initiatives for 2025. We have seen early signs that targeted investments are helping to stabilize the workforce and supply chain, in support of the broader maritime industrial base.”

— Chris Kastner, Q2 2025 Earnings Press Release