HUNTINGTON INGALLS INDUSTRIES, INC. is expected to release its Q2 2026 10-Q filing in the upcoming earnings season. Last quarter: HII reported Q1 2026 revenue of $3.10B (+13.4% YoY) driven by strong top-line growth, but operating income declined 3.7% to $155M as margin compression offset volume gains, while net income held flat at $149M and operating cash flow remained deeply negative at -$390M.
Drawn from management commentary in the Q1 2026 10-Q:
HII generated $3.10B in revenue for Q1 2026, up 13.4% from $2.73B in Q1 2025, reflecting robust demand for naval shipbuilding and defense services. This top-line expansion signals continued contract execution momentum.
Despite higher revenues, operating income fell 3.7% to $155M, pushing operating margin down approximately 90 basis points to 5.0% from 5.9% in Q1 2025. This suggests cost pressures — likely labor, materials, or program execution challenges — are outpacing revenue growth.
Net income remained unchanged at $149M YoY, with EPS (both basic and diluted) holding steady at $3.79. The flat bottom line despite a 13.4% revenue increase points to rising costs and/or below-the-line items absorbing the incremental revenue.
Revenue
$3.1B
++13.35% YoY
EPS (Basic)
$3.79
0.00% YoY
Operating Income
$155M
-3.73% YoY
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