Huntington Ingalls reports record Q3 revenue, beats earnings and lifts shipbuilding outlook
Huntington Ingalls Industries posted third‑quarter fiscal 2026 revenue of $3.5 billion, up 10.8% year‑over‑year, and net earnings of $217 million, or $5.48 per diluted share. The shipbuilder announced new contract awards totaling $32.4 billion, securing about 90% of its expected shipbuilding revenue through 2030. It raised its FY‑26 shipbuilding revenue guidance to a range of $10.5 billion‑$10.7 billion while reaffirming its operating‑margin target of 6.0%‑6.5%.
Why it matters
The company says the higher guidance reflects the large contract backlog and should drive stronger top‑line growth and free cash flow for FY‑26 (the company’s outlook statement in the filing). Investors will likely price in higher future earnings and cash generation.
Key facts
- 1Third‑quarter fiscal 2026 revenue was $3.5 billion, a 10.8% increase from the same quarter in 2025. sec.gov
- 2Net earnings for the quarter were $217 million, or $5.48 per diluted share. sec.gov
- 3New contract awards in the quarter totaled $32.4 billion. sec.gov
- 4The FY‑26 shipbuilding revenue guidance was raised to $10.5 billion‑$10.7 billion. sec.gov
- 5The company reaffirmed its FY‑26 shipbuilding operating‑margin guidance range of 6.0%‑6.5%. sec.gov
- 6Operating margin for the quarter was 7.0%, up from 5.0% a year earlier. sec.gov
Summary written by AlphAI AI Desk from 20 of 26 sources. Not investment advice. Figures are as stated by the linked sources.