Huntington Ingalls Industries (HII) last week posted strong second quarter results driven by sales gains across its shipbuilding segments and operating earnings related to work on aircraft carriers and joint ventures in the nuclear and environmental markets.
Net income soared 37% to $208 million, $5.27 earnings per share (EPS), from $152 million (3.86 EPS) a year ago, beating consensus estimates by $1.44 per share. Sales increased 11% to $3.4 billion from $3.1 billion.
Operating income was higher in each of the company’s segments, led by Mission Technologies related to joint ventures for nuclear and environmental work. The Newport News Shipbuilding segment also posted strong operating earnings on carrier and submarine work followed by the Ingalls Shipbuilding business on amphibious assault ships.
Through the first half of 2026, net income is up 19% to $357 million ($9.06 EPS) and sales are 12% higher to $6.5 billion.
The strong sales and earnings performance so far in 2026 and upcoming deliveries led HII to raise its outlook for shipbuilding by $500 million to a new range of $10.2 billion to $10.7 billion. During the next year, HII will deliver five ships, Chris Kastner, the company’s president and CEO, said during an earnings call.
Shipbuilding operating margin is expected to be 6-6.5%, up 50 basis points on the low-end of the prior range.
Exchange Monitor affiliate Defense Daily first published a version of this story.