Huntington Ingalls Industries, Inc.
Huntington Ingalls Industries, Inc. Q1 FY2026 earnings call
May 5, 2026 · fiscal period ended 2026-03
EPS · actual vs est
Revenue · actual vs est
Summary
Generated 2026-05-05
Management highlights
Chris started by discussing results, with first quarter sales $3.1 billion and diluted EPS $3.79. Ingalls had stern release on LPD 31 Pittsburgh, etc. Mission Technologies had strong sales. Operational initiatives include enhancing shipbuilding throughput, growing trusted industrial-based network, and securing new contract awards. Kerry Wilkinson discussed Newport News updates like CVN milestones. Tom provided financial performance details.
Segment performance
Consolidated first quarter sales were $3.1 billion. Shipbuilding revenue was up 17.6% compared to Q1 2025. Ingalls revenues were $725 million, up 13.8%, with segment operating income $49 million and margin 6.8%. Newport News revenues were $1.7 billion, up 19.3%, with segment operating income $88 million and margin 5.3%. Mission Technologies revenues were $748 million, up 1.8%, with segment operating income $35 million and margin 4.7%.
Guidance
Reaffirming 2026 and medium-term guidance. Expect shipbuilding revenue ~$2.4 billion and operating margins 5.7%-6% in Q2. Mission technologies revenue ~$750 million and margin ~4%. Free cash flow in Q2 between -$100M and $100M. Tax rate expected to be 21% in Q2 but 17% for 2026.
Q&A highlights
Q: Scott Mikus asked about battleship and frigate as upside drivers and auxiliary ships.
A: Chris said evaluate on case-by-case.
Q: Scott Doishla asked about 2Q guide and Newport News contract awards.
A: Tom said factor in contract mod timing.
Q: David Strauss asked about Ingalls margin and shipbuilding revenue profile.
A: Chris and Tom discussed Ingalls margin and linear revenue growth.
Q: John Godin asked about 2026 and 2027 milestones.
A: Chris said milestones towards back half.
Q: Seth Seifman asked about carrier performance and uncrewed business.
A: Carrie and Chris discussed carrier progress and uncrewed timeline.
Q: Gautam Kahan asked about fit-up delivery schedules and wage increases.
A: Chris and Kerry discussed delivery schedules and wage impact on attrition.
Q: Ron Edstein asked about outsourcing and South Carolina facility.
A: Chris and Kerry discussed outsourcing and Charleston progress.
Q: Noah Popenac asked about shipbuilding revenue growth and nuclear subcontracts.
A: Tom discussed revenue growth and nuclear contract approval.
Q: Miles Walton asked about carrier design review and workforce.
A: Chris and Carrie discussed carrier review and workforce growth
Key numbers
Reported versus consensus
Earnings calendar feed
| Metric | Reported | Consensus | Delta | Prior year |
|---|---|---|---|---|
| EPS | $3.79 | $3.71 | +2.2% | $3.79 |
| Revenue | $3.10B | $3.02B | +2.7% | $2.73B |
Transcript
May 5, 2026Full transcript unavailable for redistribution
The structured summary above covers the available call sections. Full transcript text is not included on this page.
Continue exploring
Prior quarters
This page presents the stored structured earnings-call summary and deterministic earnings calendar values. How this is generated. For informational purposes only; not investment advice.