Huntington Ingalls Q2 revenue rises 10.9%, lifts FY26 shipbuilding forecast

HUNTINGTON INGALLS INDUSTRIES

30/07/2026 12:19

Overview
U.S. shipbuilder's fiscal Q2 revenue rose 10.9% yr/yr, driven by Newport News and Ingalls growth
Net earnings and EPS increased sharply from prior year
Company raised FY26 shipbuilding revenue and margin guidance on strong demand and throughput

Outlook
HII raises FY26 shipbuilding revenue guidance to $10.2 bln-$10.4 bln
Company lifts low end of FY26 shipbuilding operating margin outlook to 6.0%-6.5%
HII reaffirms FY26 free cash flow guidance of $500 mln-$600 mln

Result Drivers
NEWPORT NEWS GROWTH - Higher volumes in aircraft carriers and submarines drove revenue and operating income gains at Newport News Shipbuilding
INGALLS SHIPBUILDING VOLUMES - Increased amphibious assault ship volumes boosted revenue at Ingalls Shipbuilding
MISSION TECHNOLOGIES MIXED - Lower All-Domain Operations volumes and absence of prior-year settlement reduced revenue, but higher equity income from joint ventures lifted segment operating income

Company press release: ID:nGNXBzhLD

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 EPS
 
$5.27
 
Q2 Net Income
 
$208 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the aerospace & defense peer group is "buy"
Wall Street's median 12-month price target for Huntington Ingalls Industries Inc is $349.00, about 24.5% above its July 29 closing price of $280.40
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 21 three months ago

Reuters Recommended Reads
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July 29 - L3Harris beats quarterly revenue estimates on strong weapons demand
July 29 - US strikes $58.6 billion Patriot missile deal amid rising stockpile concerns

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)