Quarterly ResultMay 5, 2026, 07:17 AM
HII Q1 2026 Revenue $3.1B (+13.4%); Net Earnings $149M; EPS $3.79
AI Summary
HII reported first quarter 2026 results with revenues of $3.1 billion, a 13.4% increase from Q1 2025. Despite the revenue growth, net earnings and diluted earnings per share remained flat at $149 million and $3.79, respectively. The company achieved key operational milestones, including completing builder's sea trials for the aircraft carrier John F. Kennedy (CVN 79) and ratifying new collective bargaining agreements at Ingalls Shipbuilding through 2031. HII also reaffirmed its previously issued FY26 financial guidance.
Key Highlights
- Q1 2026 revenues were $3.1 billion, an increase of 13.4% from Q1 2025.
- Q1 2026 net earnings were $149 million, flat compared to Q1 2025.
- Q1 2026 diluted earnings per share was $3.79, flat compared to Q1 2025.
- Completed builder's sea trials for aircraft carrier John F. Kennedy (CVN 79).
- New collective bargaining agreements ratified at Ingalls Shipbuilding extending through 2031.
- Total backlog reached $54.0 billion as of March 31, 2026.
- Newport News Shipbuilding revenue increased 19.3% to $1.7 billion.
- Company reaffirmed its FY26 financial guidance, including $500M-$600M free cash flow.