| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 3.1K | 13.3% |
| Total Income | 3.1K | 13.3% |
| Expenditure | 2.9K | 14.4% |
| PBT | 188.00 | 0.5% |
| Net Profit | 149.00 | 0.0% |
| OPM | 5.00% | 0.89pp |
| NPM | 4.81% | 0.64pp |
| EPS | 3.79 | 0.0% |
HII Reports Q1 2026 Results: Revenue Up 13.4% to $3.1 Billion
05 May 2026 · 5 May, 4:57 pm
Summary
Huntington Ingalls Industries reported first quarter 2026 revenues of $3.1 billion, a 13.4% increase compared to the first quarter of 2025. Net earnings remained consistent at $149 million, with diluted earnings per share at $3.79. The company's backlog reached $54.0 billion due to $4.0 billion in new contract awards. HII reaffirms its FY26 financial guidance, reflecting confidence in its operational initiatives and market position.
Key Highlights
- 1
First quarter revenues were $3.1 billion, up 13.4% from the first quarter of 2025.
- 2
Net earnings for the first quarter were $149 million, resulting in $3.79 diluted earnings per share.
- 3
New contract awards in the first quarter of 2026 totaled $4.0 billion, bringing total backlog to $54.0 billion as of March 31, 2026.
- 4
Ingalls Shipbuilding revenues increased by 13.8% to $725 million, driven by higher volumes in surface combatants.
- 5
Newport News Shipbuilding revenues increased by 19.3% to $1.7 billion, driven by higher volumes in aircraft carriers, submarines, and naval nuclear support services.
- 6
Mission Technologies revenues increased by 1.8% to $748 million, primarily due to higher volumes in All-Domain Operations, Unmanned Systems, and Global Security.
- 7
The company reaffirms previously issued FY26 financial guidance.
Management Comments
Chris Kastner
“We made good progress on our 2026 operational initiatives in the first quarter. Shipbuilding throughput has continued to improve with meaningful year over year growth in the first quarter as our team remains focused on driving efficiency and expanding the industrial base network,
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