| Metric | Value ($ M) | Q1 FY26 | Q2 FY25 |
|---|---|---|---|
| Revenue | 3.4K | 10.3% | 10.9% |
| Total Income | 3.4K | 10.3% | 10.9% |
| Expenditure | 3.2K | 9.0% | 9.9% |
| PBT | 254.00 | 35.1% | 35.1% |
| Net Profit | 208.00 | 39.6% | 36.8% |
| OPM | 6.14% | 1.14pp | 0.86pp |
| NPM | 6.08% | 1.28pp | 1.15pp |
| EPS | 5.27 | 39.0% | 36.5% |
HII Reports Second Quarter 2026 Results
30 Jul 2026 · 30 Jul, 4:56 pm
Summary
Huntington Ingalls Industries reported strong second quarter 2026 results, with revenues reaching $3.4 billion, a 10.9% increase year-over-year, driven by growth in both Newport News Shipbuilding and Ingalls Shipbuilding. Net earnings rose to $208 million, with diluted earnings per share at $5.27, up from $3.86 in the prior year. The company raised its FY26 shipbuilding revenue guidance and the lower end of its shipbuilding operating margin guidance, while reaffirming its free cash flow outlook. Management highlighted progress on operational initiatives and increased shipbuilding demand as key factors.
Key Highlights
- 1
Second quarter 2026 revenues were $3.4 billion, an increase of 10.9% from the second quarter of 2025.
- 2
Net earnings in the second quarter of 2026 were $208 million, a significant increase from $152 million in the second quarter of 2025.
- 3
Diluted earnings per share for the second quarter of 2026 was $5.27, up from $3.86 in the second quarter of 2025.
- 4
The company is raising its FY26 shipbuilding revenue guidance range to between $10.2 and $10.4 billion.
- 5
HII raised the low end of its FY26 shipbuilding operating margin guidance range.
- 6
Total backlog reached $57.3 billion as of June 30, 2026, following $6.7 billion in new contract awards during the second quarter.
- 7
Ingalls Shipbuilding revenues increased by 16.7% to $845 million, driven by higher volumes in amphibious assault ships.
Management Comments
Chris Kastner
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.
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