Quarterly ResultJul 30, 2026, 07:26 AM
HII Q2 Revenue $3.4B, EPS $5.27; Raises FY26 Shipbuilding Guidance
AI Summary
HII reported strong second quarter 2026 financial results, with revenues increasing by 10.9% to $3.4 billion and diluted earnings per share rising by 36.5% to $5.27. The company raised its full-year 2026 shipbuilding revenue guidance to between $10.2 billion and $10.4 billion and increased the low end of its shipbuilding operating margin guidance. HII secured $6.7 billion in new contract awards, bringing its total backlog to $57.3 billion.
Key Highlights
- Q2 2026 revenues were $3.4 billion, up 10.9% year-over-year.
- Q2 2026 net earnings were $208 million, up 36.8% year-over-year.
- Q2 2026 diluted earnings per share were $5.27, up 36.5% year-over-year.
- Raised FY26 shipbuilding revenue guidance to $10.2 billion - $10.4 billion.
- New contract awards totaled $6.7 billion, bringing backlog to $57.3 billion.
- Ingalls Shipbuilding Q2 revenue was $845 million, up 16.7% year-over-year.
- Newport News Shipbuilding Q2 revenue was $1.85 billion, up 15.3% year-over-year.
- Mission Technologies Q2 revenue was $760 million, down 3.9% year-over-year.
Price Impact
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