HII reports higher second-quarter earnings and raises shipbuilding outlook

Huntington Ingalls Industries reported second-quarter 2026 revenue of $3.4 billion and net earnings of $208 million, or $5.27 per diluted share, for the period ended June 30, 2026, compared with $3.1 billion and $152 million, or $3.86 per share, a year earlier. The company raised its full-year shipbuilding revenue guidance to $10.2 billion-$10.4 billion from $9.7 billion-$9.9 billion and increased the lower end of its shipbuilding operating margin outlook to 6.0%, while reaffirming free cash flow guidance of $500 million-$600 million; quarterly free cash flow was negative $150 million and backlog reached $57.3 billion after $6.7 billion of new awards.