HII Reports Second Quarter 2026 Results
HII reported results for the second quarter of fiscal 2026. Highlights • Second quarter revenues were $3.4 billion • Second quarter net earnings were $208 million or $5.27 diluted earnings per share • Company raises the FY26 shipbuilding revenue guidance range to between $10.2 and $10.4 billion1 • Company raises the low end of the ...
HII disclosed its fiscal 2026 second quarter results. Second quarter revenues totaled $3.4 billion, marking a 10.9% increase from the prior year. Net earnings reached $208 million, or $5.27 per diluted share, up from $152 million in Q2 2025. The company raised its FY26 shipbuilding revenue guidance between $10.2 and $10.4 billion.
Operating income increased to $210 million, up 12.6% year-over-year, with an operating margin of 6.1%, an improvement from 5.3% in the previous quarter. Segment operating income grew to $224 million, representing a 30.8% increase, and segment operating margin rose to 6.6%, up from 5.6%. Net cash used in operating activities was $31 million, while free cash flow remained negative at $150 million.
New contract awards amounted to $6.7 billion, boosting the total backlog to $57.3 billion as of June 30, 2026. HII's president and CEO, Chris Kastner, remarked on the company's progress in achieving its shipbuilding throughput improvement goal of 15%.
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