HII US S&P 500Russell 1000 Earnings call
Huntington Ingalls Industries (HII) · Q2 2026 results and valuation
Share price: $313.96 · 2026-11-11
Results Q2 2026 vs Q1 2026 · previous quarter · published 30 Jul 2026 and 5 May 2026
Net income up 39.6% on the previous quarter, guidance raised. Management sounded restrained, in its script and in answers to analysts.
Only a basic analysis is available for this company at the moment.
1 · Numbers
+39.6%
Net income vs Q1 2026
Guidance raised
Net income 208.0M vs 149.0M
Revenue +10.3%
Against the same quarter last year (Q2 2025) it is +36.8%, so it is not just seasonal.
2 · How management spoke
Restrained
Less upbeat than 67% of company calls
Answers to analysts: restrained, in line with the script.
Similar to last call.
3 · What stood out
New
The company signed an updated collective bargaining agreement at the end of the first quarter that the company stated was good for the workforce, the…
Valuation
Is Huntington Ingalls Industries undervalued?
Reverse DCF. Free cash flow from the last full fiscal year (2025-12-31), grown for 10 years, discounted back, plus a terminal value. “Implied growth” is the rate the current price assumes.
At 5.4% growth a year (3-year revenue growth), the model's fair value is $266.26 a share — the stock trades 18% above it. Today's price assumes 7.1% growth a year.
Current price
$313.96
close of 2026-11-11
Market implies growth of iThe yearly free-cash-flow growth, for the next 10 years, that today’s share price already assumes. If you believe the company grows faster than this, the stock is cheap under this model; slower, and it is expensive.
+7.1% for 10 yrs
Fair value / share
$266.26
Buy below
$199.70
Price vs fair value
Overvalued 18%
Price vs buy-below price
Overvalued 57%
Read between the lines
-
Guidance ↑
HII increased its shipbuilding revenue expectation for the year.
Source quote
“We are increasing our expectation for shipbuilding revenue for the year.”
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Guidance
Quarter contract awards reached $6.7 billion as customer demand for products and services remains strong.
Source quote
“At the same time, customer demand for our products and services remains strong, Second quarter contract awards were $6.7 billion At Newport News, CVN 79 Kennedy successfully completed...”
-
Figure
HII reported second quarter sales of $3.4 billion and diluted earnings per share of $5.27.
Source quote
“Now turning to our results, We reported second quarter sales of $3.4 billion and diluted earnings per share of $5.27...”
Tone
How upbeat the language was, compared with other companiesiTone counts positive minus negative finance words, adjusted for length. Executives mostly speak positively, so the labels compare each call with every company's latest call: “typical” is the middle third, “very upbeat” the top tenth, “cautious” the bottom tenth.. Dot: Q2 2026. Ring: Q1 2026.
Script and answers carried a similar tone, so the script's message held up under questioning.
Sentences that drove the tone
“CVN 80 Enterprise continues to gain momentum and has achieved 64% erected.”
“Inside our shipyard, we remain focused on workforce development By pairing targeted hiring with advanced training and onboarding technologies, we are working to build a stronger workforce pipeline increase readiness,...”
“The growth in budgets for autonomous products, coupled with a strong domestic and international pipeline, point to a potential significant growth in this market space.”
Full figures
USD · SEC EDGAR XBRL (10-Q, period end 2026-06-30)
| Metric | Q2 2026period end 2026-06-30 | Q1 2026period end 2026-03-31 | Change | Q2 2025 | YoY |
|---|---|---|---|---|---|
| Revenue | 3.42B | 3.10B | +10.3% | 3.08B | +10.9% |
| Operating income | 210.0M | 155.0M | +35.5% | 163.0M | +28.8% |
| Net income | 208.0M | 149.0M | +39.6% | 152.0M | +36.8% |
| EPS | 5.27 | 3.79 | +39.1% | 3.86 | +36.5% |
| P/E today 15.9 | 16.7 | 24.7 | −8.0 | 18.1 | −1.4 |
Topics
Most discussed now
- New The ship sailed away in the second quarter of 26 marking the 36th DDG 51 Arleigh Burke class destroyer and...
- Given this momentum and its plans to deliver 5 ships over the next year, Huntington Ingalls is raising its 2026 shipbuilding...
- As they are able to prove out, get good quality and they are on cost and schedule, then Huntington Ingalls provides...
- Excluding that impact, Mission Technologies revenues grew modestly year over year on an organic basis.
- As the prior year results included approximately $45 million of revenue related to a non recurring contract resolution.
Faded since Q1 2026
- Dropped Another strong quarter of shipbuilding sales growth at 18% year-over-year was driven by Huntington Ingalls' shipbuilding division's focus…
- Fading Huntington Ingalls' ships, submarines and defense technology solutions are foundational to United States military operations around the…
- Fading At HII, Huntington Ingalls is focused on delivering for mission success, and it is committed to providing quality platforms for the...
- Fading Mission Technologies revenues of $748 million increased by 1.8% compared to the first quarter of 2025, driven by higher volume...
Latest announcements
Official filings, newest first.
- Results of operations · SEC 8-K
- Results of operations · SEC 8-K
- Shareholder vote results · SEC 8-K
- Results of operations · SEC 8-K
- Results of operations · SEC 8-K
- Results of operations · SEC 8-K
- Director or officer change · SEC 8-K
- Articles or bylaws amended; Shareholder vote results · SEC 8-K