HII raises FY26 shipbuilding revenue guidance as Q2 net earnings rise to $208 million
HII reported second-quarter 2026 revenue of $3.4 billion, up 10.9% from a year earlier, and net earnings of $208 million, or $5.27 per diluted share, compared with $152 million, or $3.86 per share, in the second quarter of 2025. The company raised its FY26 shipbuilding revenue guidance and the low end of its shipbuilding operating margin guidance, but free cash flow was negative $150 million in the quarter.
Key points
- Q2 2026 revenue of $3.4 billion, up 10.9%; net earnings of $208 million, up from $152 million; diluted EPS of $5.27 vs. $3.86
- FY26 shipbuilding revenue guidance raised to $10.2 billion to $10.4 billion from $9.7 billion to $9.9 billion
- Shipbuilding operating margin guidance low end raised; range now 6.0% to 6.5%, from 5.5% to 6.5%
- Free cash flow was negative $150 million in Q2; company reaffirmed its FY26 free cash flow outlook of $500 million to $600 million
The filing
Written by AI on Nov 8, 2026, 12:56 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on July 30, 2026.
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